Product Head

Job Description

We are seeking a results-driven Product Head – Group Insurance to lead the development, strategy, and lifecycle management of group insurance products such as life, disability, accident, and health coverage. This role requires a blend of market insight, product strategy, technical knowledge, and cross-functional leadership to deliver competitive, compliant, and customer-centric insurance solutions.

Key Responsibilities:

Product Strategy & Development

• Own the product lifecycle for group insurance products – from ideation and market research to launch and iteration.
• Develop business cases and product strategies aligned with market needs, regulatory changes, and company goals.
• Collaborate with actuarial, underwriting, and finance teams to define pricing, risk parameters, and profitability goals.
• Evaluate and present the risk to insurance companies (suggesting additional covers depending on the client profile).

Market Analysis & Competitive Intelligence

• Analyze industry trends, customer needs, and competitor offerings to identify gaps and opportunities.
• Gather voice-of-customer (VOC) insights through employer groups and intermediaries.
• Working with client facing colleagues to understand client's requirements and provide end to end solution for placing the business with the insurers i.e. generating quotes, preparing a comparative statement, follow up and policy vetting.

Product Design & Implementation

• Define product features, eligibility rules, plan designs, and value-added services.
• Collaborate with legal and compliance teams to ensure all products meet regulatory and internal standards.
• Work with technology and operations to define product requirements and support system implementation.
• Identifying risk exposures of the client, understanding the insurance requirements, and providing them with insurance solutions.

Go-to-Market & Sales Enablement

• Develop product positioning, sales training materials, and marketing collateral in partnership with Marketing and Distribution.
• Support RFP responses, sales presentations, and broker engagement for large group deals.
• Working with client facing colleagues to understand client's requirements and provide end to end solution for placing the business with the insurers i.e. generating quotes, preparing a comparative statement, follow up and policy vetting.

Performance Monitoring & Optimization

• Track product performance including enrolment, claims experience, persistency, and profitability.
• Recommend and implement product improvements or portfolio adjustments based on performance and feedback.

Key Skills:

• Ability to drive cross functional team for common objectives.
• Interact with key clients of Group business from time to time to understand their concerns and identify improvement areas
• Goal oriented with positive attitude, sincere, hard-working and ambitious.
• Highly effective verbal and written communication with clarity of thought and expression.
• Knowledge and development of systems and processes to support service delivery.