Symbo Insurance

3 weeks ago

Mumbai, Maharashtra, India iimjobs Full time
Assistant Manager - Insurance Product

Responsibilities:

Analyzing Requirements from the Sales Team:

  • Collaborate closely with the sales team to understand their needs and expectations regarding insurance products.
  • Identify key features, functionalities, and any specific customer requests communicated by the sales team.
  • Thoroughly document these requirements to serve as a foundation for product development and ensure alignment with customer expectations.

Conceptualizing the Product:

  • Utilize gathered requirements to envision the insurance product.
  • Consider the target audience, prevailing market trends, and competitive landscape during the conceptualization phase.
  • Develop highlevel product concepts, outlining potential features, user experience considerations, and overall value proposition to address customer needs effectively.
Coordinating with the Insurance Company on Product and Pricing:

  • Engage proactively with the insurance company to align on the product offering, leveraging the insights gained from conceptualization and sales team collaboration.
  • Facilitate discussions on pricing models, coverage details, and regulatory considerations to ensure compliance and competitiveness.
  • Ensure that the finalized product meets all legal and regulatory requirements, fostering a mutually beneficial partnership with the insurance company.

Analyzing Enrollment Data and Claims Data:

  • Delve into enrollment data to gain insights into customer behavior, identifying patterns such as peak enrollment periods and common demographic characteristics.
  • Analyze claims data meticulously to evaluate the effectiveness of the insurance product, examining trends, cost patterns, and areas for improvement.
  • Utilize datadriven insights to refine existing products, optimize coverage offerings, and enhance overall customer satisfaction.
  • These responsibilities encompass a comprehensive approach to insurance product management, focusing on collaboration, innovation, and datadriven decisionmaking to deliver competitive and customercentric insurance solutions.