Monroe Consulting Group is recruiting on behalf of a leading non-life insurance company in Thailand, recognized for its strong market presence, customer-focused solutions, and commitment to innovation. As part of its continued business growth, the company is seeking an experienced and commercially minded Product Development Manager to join its Health Product Team.
We are seeking an experienced and hands-on Health Insurance Product Development professional to lead the end-to-end development and enhancement of health insurance products. The role will be responsible for translating market opportunities, customer needs, and business objectives into competitive product propositions, while overseeing the full product lifecycle from concept and design through implementation, launch, performance monitoring, and continuous improvement.
Job Responsibilities
Conduct market research and analyse customer needs, competitor products, industry trends, and emerging healthcare developments to identify new product opportunities.
Develop and execute health insurance product strategies aligned with the company's business objectives and market opportunities.
Lead the end-to-end product development process, including product concept, benefit structure, pricing coordination, business case, documentation, and product launch.
Collaborate closely with Actuarial, Underwriting, Claims, Distribution, Marketing, Operations, IT, Legal, Compliance, and Finance teams to ensure successful product implementation.
Develop innovative and competitive health insurance propositions that address evolving customer needs and market trends.
Review existing products and recommend enhancements to improve profitability, customer value, competitiveness, and overall portfolio performance.
Monitor product performance, sales results, profitability, claims trends, customer feedback, and key business KPIs.
Prepare business cases, product proposals, management presentations
Job Requirements
Proven experience in health insurance product development, preferably with hands-on experience managing the full product development lifecycle.
Advanced proficiency in Microsoft Excel, with practical experience in developing and reviewing product and pricing models.
Strong knowledge of health insurance products, product structures, underwriting, pricing, and relevant OIC regulations.
Ability to work effectively cross-functionally and manage multiple priorities, projects, and deadlines.
Strong leadership, teamwork, communication, and stakeholder management skills.
Good understanding of insurance technology, system implementation, UAT, and production testing.
Experience working with reinsurers on product design and pricing is an advantage.
Fluency in both English and Thai
