Client Value Proposition Development - Sandton, South Africa - Santam

Santam

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Who are we?
Santam is the market leader in the general insurance industry in Southern Africa.

We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia.

Our success is rooted in our passion for our clients and everything we do is centred on our delivery of Insurance Good and Proper.

What will you do?

Strategy:

Define the Partner Solutions product strategy in line with Santam and Sanlam Group strategy.

E

g:
Strengthen leadership position in South Africa
Scale ecosystems and explore new markets. Etc.
Understand the various segments within partnerships and conceptualise best fit product strategies:
Focus on penetrating the mass market.
Understanding changing client needs in PS.
Execute the Partner Solutions product strategy. What will make you successful in this role?

Develop the product roadmap and prioritisations aligned to Partner Solutions strategy.
Identifying and capitalising on Sanlam Group synergies and opportunities.
Build on market intelligence through research and analytics to identify new product opportunities and trends with potential partners.
Development of concept briefs in preparation for formalising new product development projects.
Product gap analysis and planning, prioritisation, and implementation of relevant product actions.

Design

Develop and maintain short term insurance products and services that meet the needs of our partners and clients. Liaison between Underwriting and pricing etc.
Collaborate with internal teams, partners, and clients to gather requirements and feedback on product development processes.
Brief actuarial on assumptions, predictive modelling, pricing, and rating.
Brief underwriting on rules, pricing, and underwriting standards.
Being the key point of contact with BITS, Distribution, Claims, etc.
Develop business cases and financial models to support product development decisions in Partner Solutions.
Manage the endtoend product development process, including product design, testing, launch, and ongoing management. (Product Owner capabilities)
Stay up to date with industry trends and regulatory changes that may impact product development.
Provide informed input into defining:
Policy wording clauses
Technical considerations.
Legal, Risk and Compliance frameworks.
Distribution channels.
Operational models consideration, impact analysis and solutions.
Claims models, impact analysis and solutions.
Define customer centric ecosystems for both internal and partner collaboration. E.g., Distribution, Sanlam Fintech, Data sharing capabilities, Rewards etc.
Work closely with the Partnership/Business Development team to identify and pursue new business opportunities.
Perform product due diligence in support of acquisition strategies. Experience

Minimum 3 years' experience in short-term insurance (especially Personal Lines)
Strong experience in client centric product design and implementation (minimum 5 years)

The following areas of experience will be preferred:
Strong business and technical experience
Mass market experience
new innovations and product designs
Data understanding and experience Minimum of 360 credits at NQF level 7 Build a successful career with us
We're all about building strong, lasting relationships with our employees.

We know that you have hopes for your future - your career, your personal development and of achieving great things.

We pride ourselves in helping our employees to realise their worth.

Through its four business clusters - Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office - the group provides many opportunities for growth and development.

Turnaround time
The Sanlam Group is committed to achieving transformation and embraces diversity.

This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa.

The Group's Employment Equity plan and targets will be considered as part of the selection process.