Head of Product Innovation & Proposition

Prudential’s purpose is to be partners for every life and protectors for every future.

The Head of Product Innovation & Proposition will be responsible for leading the development of company’s product strategy and innovative product & proposition. By leveraging market insight, customer understanding, and professional pricing capabilities, you will create differentiated and competitive insurance solutions fulfilling customers’ needs.

Key Responsibilities

• Plan and drive the roadmap for product strategy
• Identify innovative product opportunities with “market-first” potential, staying ahead of competitors
• Utilize data analysis and market insights to build compelling product concepts and business logic
• Conduct preliminary pricing for innovative products and build consensus with distribution channels and partners

Responsibilities

• Continuously optimize product strategy to respond to market trends and competitive changes
• Work closely with distribution, marketing, and cross-functional teams to obtain buy-in and commitment to innovative propositions
• Use data analysis to evaluate market size and potential opportunities, translating them into attractive proposals
• Lead the team in concept validation and preliminary pricing of innovative solutions
• Prepare high-quality presentations and analyses to support senior management’s discussion and decision-making

Requirements

• Strong passion for the market and innovation, ability to facilitate focus groups to draw customer & salesperson insight and sensitivity to market sentiments and acumen
• Strategic mind with outstanding communication skills to formulate attractive product proposition and present to senior executives
• Willing to challenge the status quo and resilience mindset to make things happen
• Proficient in cross-departmental collaboration, effectively integrating distribution, marketing, and diverse stakeholders
• Self-motivated and proactive, with a high level of drive and the ability to manage projects and push initiatives forward independently
• Able to work with ambiguity by developing hypotheses and recommending proposals despite uncertainty or incomplete information
• Excellent data analysis skills, able to extract key insights from large datasets and turn them into insight and actionable next step
• Over 15 years of experience in life or health insurance product development/pricing, with a track record of continuous career growth
• Proven success in planning and launching competitive insurance solutions
• Fluency in both Chinese and English
• FSA / ASA or relevant actuarial qualifications or advanced degrees are a plus