Head of Product Innovation & Proposition

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Position Overview

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.

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Your 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

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Your 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

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What We Expect from You

• 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
• Preferred but not required

FSA / ASA or relevant actuarial qualifications or advanced degrees are a plus

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Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.