Head Of Product Development & Innovation (motor/health)

Head Of Product Development & Innovation

Igloo (formerly Axinan) is the first full-stack insurtech firm to emerge from Singapore. With offices across Singapore, Indonesia, Thailand, the Philippines, Vietnam, Malaysia, China and India, Igloo is fueled by a mission of making insurance accessible and affordable for all. Igloo's innovation solutions empower companies to eliminate operational risk, drive new revenue streams and optimise and enhance their existing products and services. With a successful Pre-Series C fund round of US$36 million in Dec 2023, Igloo has now raised over US$100 million. The leading regional insurtech firm looks to expand regionally with strategic acquisitions and hiring great talent.

As a passionate team building meaningful solutions to make an impact, we are looking for like-minded individuals to join us at Igloo. At our core, we prioritise teamwork and foster a culture built on strong collaboration and we are looking for talented people like you.

We are seeking a highly strategic and hands-on Head of Product Development & Innovation to lead the creation and implementation of groundbreaking motor and health insurance products. This pivotal role requires a unique blend of creative thinking, deep regulatory knowledge, and a pragmatic approach to execution. The ideal candidate will be a self-starter who can operate independently from day one, taking a product from initial concept through to successful filing and launch with the Office of the Insurance Commission (OIC).

Job Responsibilities

• Product Strategy & Leadership: Develop and own the product innovation roadmap for motor and/or health insurance lines, aligning with the company's overall business strategy and growth objectives.
• End-to-End Product Development: Lead the entire product development lifecycle: from market research, ideation, and feasibility analysis to pricing, policy wording drafting, and system requirements definition.
• OIC Liaison & Filing: Serve as the primary expert on all matters related to the OIC. Prepare, submit, and manage the complete product filing process, ensuring all applications are compliant, accurate, and approved in a timely manner.
• Cross-Functional Collaboration: Work closely with key internal stakeholders, including Actuarial, Marketing, Sales, Legal, Compliance, and IT teams to ensure successful product launch and implementation.
• Market & Competitor Analysis: Continuously monitor the competitive landscape, customer trends, and regulatory changes in the Thai insurance market to identify new opportunities for innovation and product enhancement.
• Risk & Compliance: Ensure all products and processes adhere to the OIC's regulations, company's underwriting guidelines, and overall legal and compliance frameworks.
• Stakeholder Management: Effectively communicate product vision, strategy, and progress to senior management and other stakeholders.