Product Development Consultant
Role Purpose: Work with the business to continuously scan the market, competitors and sector. They will conduct detailed product assessments to ensure that through innovation our products continue to be first choice for our customers and compliant. Key Accountabilities: Continuous scanning of market, competitors and sector to identify opportunities for development of customer proposition through creativity and innovative thinking, including product, risk, claims and distribution. Conduct detailed product assessments on new and existing propositions to ensure products remain compliant and fit for purpose, liaising with compliance and raising challenge where appropriate. Support drive of insight agenda for Underwriting through identify appropriate sources of market, customer and sector insight. Develop target strategy through liaison with relevant stakeholders Underwriting, Sales, Risk & Claims. Keep abreast of emerging trends, risks opportunities and threats and creatively make recommendations for innovative development. Create research and marcomms briefs. Develop high level customer understanding and make connections with how the Proposition may be developed to meet customer needs. Support Head of Underwriting with a drive for development of a one stop shop concept for our niches through knowledge of customer and our own risk appetite. Knowledge, Skills & Experience: Product Development experience would be a benefit be not essential. Understanding and interpretation of product wordings. Ability to read and compare products v competitors. Report writing and ability to communicate succinctly verbally and in writing. CIP. Experience within Commercial Insurances. Proven track record of delivery in financial services product development. Proven track record of influencing of stakeholders. Min 5 years general insurance experience. Please send an up to date CV to: russell.ramsden(at)cpl.ie for a confidential discussion.