Product Development Manager

7 days ago


Pasig, National Capital Region, Philippines Fortune General Insurance Corporation Full time ₱900,000 - ₱1,200,000 per year

The role of a Product Development Manager is to oversee the development, launch and management of non-life insurance products that meet the needs of the company's customers and target market. The Product Development Manager will conduct market research to identify gaps in the current insurance products or opportunities for new products. He/She will closely work with FGen's leaderships in Underwriting, Sales, Corporate Marketing and Information & Systems Development (digitization, on-line platform, web page).

The Product Development Manager will be primarily responsible for the development of products that provide value for customers, within acceptable profitability frameworks. Further, he/she will also ensure that the products are compliant with the relevant regulations and standards of the Insurance Commission. As such, the Product Development Manager will be involved in initial price setting exercises for its launching and needed price adjustments thereafter.

In addition to developing new products, the Product Development Manager will also be responsible for monitoring the performance of existing products and making recommendations for improvements or changes. He/She will work with the Claims Division to identify trends in claims and adjust the products accordingly. If needed, he/she will coordinate with RI Unit to secure reinsurance support for the new product.

The Product Development Manager will also stay up to date with industry trends and changes in regulations that may impact the insurance products. Overall, the Product Development Manager plays a crucial role in the success of the company.



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