Product Manager
Singapore, SG, 068897
Entity: Allianz Insurance Singapore
Within a span of just four years, Allianz Insurance Singapore (AIS) has emerged as the fastest-growing General Insurance company, achieving an unprecedented level of success. Since its inception in Singapore, AIS has consistently doubled its revenue year on year, a testament to its unwavering dedication to excellence. AIS takes great pride in being certified as a Great Place to Work, a reflection of our commitment to fostering a thriving and employee-driven business culture.
Description:
As a Product Manager, you will strategically drive the development, management, and optimisation of the P&C product portfolio for Allianz Insurance Singapore. You will serve as the central coordinator across underwriting, actuarial, claims, reinsurance, operations, compliance, legal, technology, and distribution functions to ensure products remain customer-centric, commercially competitive, operationally viable, and compliant throughout their lifecycle.
The role requires balancing customer needs, regulatory obligations, market competitiveness, and operational considerations while ensuring alignment with Allianz Group standards and local regulatory expectations.
Key Responsibilities:
Product Development & Lifecycle Management
a) Own the end-to-end product development lifecycle
• Manage product initiatives from concept development, feasibility assessment, business case preparation, approval, implementation, launch, monitoring, and post-launch review.
• Ensure dependencies across pricing, underwriting, reinsurance, claims, operations, finance, technology, and distribution are identified and managed throughout the development process.
b) Identify product enhancement opportunities
• Gather and synthesize insights from distribution partners, customer feedback, complaints, claims experience, competitor benchmarking, market trends, and portfolio performance reviews to support product enhancement initiatives.
c) Support implementation activities
• Coordinate end-to-end implementation activities, including requirement gathering, process design, system configuration reviews, user acceptance testing, deployment readiness, and launch support.
Market Intelligence & Portfolio Optimisation
a) Monitor product performance
• Track key performance indicators such as sales volume, persistency, customer take-up, product mix, distribution channel performance, claims trends, and customer feedback to identify opportunities for improvement.
b) Conduct market assessments
• Maintain awareness of competitor offerings, emerging risks, regulatory developments, customer needs, and industry innovation trends that may impact the product portfolio.
Policy Wording & Product Documentation
a) Maintain policy documentation
• Ensure policy wordings, certificates, endorsements, supplementary documents, marketing materials, and operational guides are reviewed for consistency, accuracy, customer clarity, and alignment with approved product specifications.
b) Version control and governance
• Maintain a complete audit trail of approved product documentation and ensure updates are appropriately reviewed, approved, communicated, and archived.
Stakeholder Collaboration & Training
a) Cross-functional collaboration
• Act as the central coordination point for product-related initiatives and facilitate alignment among business, technical, operational, and governance stakeholders throughout the product lifecycle.
b) Product training and communication
• Develop product briefing materials and conduct training sessions to ensure stakeholders understand product features, target markets, customer suitability considerations, key exclusions, and operational processes.
Qualifications and Skills:
- Minimum 5 years' experience in insurance product development, product management, underwriting, portfolio management, or related insurance functions.
- Bachelor’s degree in Business, Finance, Insurance, Economics, Law, or a related field is required
- Qualification in Insurance, Finance, or Risk Management are an advantage.
- Strong understanding of general insurance products, distribution channels, policy structures, and customer value considerations.
- Ability to manage multiple concurrent initiatives within a structured governance framework and deliver outcomes within agreed timelines.
- Familiarity with AI tools such as ChatGPT or Copilot and data analytics platforms is a plus.
- AI-Skills e.g. ChatGPT and Microsoft CoPilot an advantage.
107284 | Product Management | Professional | Non-Executive | Allianz Singapore | Full-Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.
Note: Having different strengths, experiences, perspectives and approaches is an integral part of Allianz‘ company culture. One means to achieve this is a regular rotation of Allianz employees across functions, Allianz entities and geographies. Therefore, Allianz expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.
