Product Innovation Strategist
6 days ago
About Cover Genius
Cover Genius Ltd is an award-winning insurtech company that protects customers of the world's largest digital companies. Our innovative insurance distribution platform, XCover, embeds protection for millions of customers worldwide each year.
We take pride in being recognised with numerous awards, including being ranked #1 fastest-growing company in APAC by the Financial Times in 2020. Our diverse team across 20+ countries commits itself to cultural programs and development initiatives in global communities.
Role Overview
As Product Innovation Strategist within our Insurance Team, you will drive the development and optimisation of CG's product proposition across all verticals. Your key goal will be to design and implement innovative yet standardised product propositions with our insurance partners that can be easily rolled out/scaled and maximise revenue. You will also review commercial performance and regulatory compliance of existing products to make recommendations for improvement.
To succeed in this role, you will require extensive experience in product development and underwriting, strong commercial acumen, good understanding of General Insurance, and track record in developing innovative product solutions.
- Collaborate with the Global Solutions team to develop and implement new and innovative product propositions across all verticals that maximise revenue
- Lead product development discussions with insurer partners and influence them to support new products
- Conduct thorough product reviews to identify growth initiatives with distribution partners
- Establish a Product Governance Framework to ensure products are regularly reviewed against key commercial and compliance KPIs and update senior team on performance and recommendations
- Act as first line of compliance defense with product reviews, claims feedback loop and fair value assessments
- Manage the team in the region and ensure timely delivery of priorities
- Promote an innovative and disruptive culture within the business and with our partners while maintaining the highest standards of conduct
Required Skills and Qualifications
A minimum of 7 years experience in the insurance market at a broker, insurer or MGA with focus on developing innovative product propositions / underwriting. At least 2 years experience in controlled and sound business practice, administrative and managerial skills, and general and specific professional knowledge in the MGA field. Proven track record in developing innovative product propositions that disrupt markets and maximise revenue.
Ability to influence insurers through data and compelling presentations to adopt product innovations. Effective communication skills to convey complex ideas clearly and concisely both verbally and in writing. Problem-solving skills and ability to advocate for customer solutions. Experience working in producing business in multiple markets around the world is an advantage. Demonstrated experience in product entry strategies, product designs and growing revenue. Analytical skills and comfort manipulating data to identify product optimisation opportunities.
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