Hi,

Greetings,

The position is with life Insurance and they are looking Chief Product Officer, India

Location Mumbai

Key Responsibilities

Product Strategy & Portfolio Management

- Develop and execute the India-specific product strategy, aligning with customer needs, market trends, and regulatory requirements.
- Conduct regular product portfolio reviews, repricing analyses, and product mix shifts to address changing market and regulatory impacts.
- Optimize product profitability and capital efficiency, leveraging investment capabilities and expense management.

Product Proposition Development

- Lead the creation of compelling customer value propositions tailored for Indian distributors, partners, and end-customers.
- Collaborate with marketing, distribution, and actuarial teams to support distribution growth and enhance customer experience.

Product Risk Management[TP1]

- Ensure key product/pricing assumptions are acceptable to Appointed Actuary and risks meet company tolerance
- Partner with Finance, Underwriting, and Risk teams to make well-calculated risk decisions and price products competitively.
- Ensure robust risk management practices, including compliance with IRDAI and other regulatory bodies.

Product Implementation

- Oversee local product and pricing teams to ensure timely, compliant, and effective product launches.
- Monitor product performance and make data-driven adjustments as needed.

Regulatory & Governance

- Maintain strong relationships with IRDAI and other regulatory bodies.
- Ensure full compliance with all legal, regulatory,



and corporate governance standards.
- Implement robust data governance and cybersecurity frameworks.
- Product management committee & With-profit committee (for participating products)

Stakeholder Engagement

- Represent the company in industry forums and regulatory engagements.
- Build trust with policyholders, partners, and the broader community.

Sustainability & ESG

- Integrate ESG principles into product strategy and operations.
- Promote sustainable investment practices and responsible corporate citizenship.

Key Performance Indicators (KPIs)

- Annual Premium Income (API) Growth: % increase vs. prior year.
- Market Share: Achieve targeted share in life insurance segment.
- Product Launch Timeliness: % of products launched on schedule.
- Product Profitability: Net income and expense ratio within target range.
- Persistency Ratio: 13-month and 25-month policy retention rates.
- Customer Satisfaction (NPS): Maintain or improve Net Promoter Score.
- Regulatory Compliance: Zero major breaches or penalties.
- Innovation Index: Number of recent products launched and their market impact.
- Agency Force Growth: Number of active agents and productivity metrics.
- Employee Engagement: Achieve target engagement scores and retention rates.
- Number of products launched as per business plan

Suitable candidates may forward their updated profiles in strict confidence to [email protected] along with the below details

Current CTC

Notice Period

Expected CTC

Regards,

Sangeeta B

📌 Chief Product Officer - Insurance (Mumbai)
🏢 Hector u0026amp; Streak Consulting Private
📍 Mumbai