- Product Ownership & Roadmap

- Own the functional vision and roadmap for the P&C; PAS covering:
- Product setup & configuration
- Rating & underwriting rules
- Policy issuance, claims, endorsements, renewals, cancellations
- Billing, collections & refunds

- Prioritize features and enhancements based on business value, regulatory needs, and operational efficiency.

2. Business Requirements & Backlog Management

- Translate business needs into functional specification document
- Maintain and groom the product backlog in alignment with market needs and changing technology landscape
- Ensure traceability from business requirements → system functionality.

3. Insurance Domain Leadership (P&C;)

- Act as a subject matter expert on P&C; insurance products such as:

- Motor

- Property/Fire

- Liability

- Marine / Engineering

- Ensure PAS supports

- Underwriting guidelines
- Policy conditions, deductibles, limits, sub-limits
- Claims, Endorsements, Cancellation, Reinstatement
- Co-insurance, reinsurance functionalities

- Incorporate regulatory and compliance requirements (e.g., IRDAI, IFRS 17, 64VB).

4. Stakeholder Management

- Work closely with:

- Business Analysts
- IT architects, developers, QA, UI/UX team, and Insurtech vendors

- Lead workshops for

- Process mapping





- Product configuration
- Gap analysis between business needs and PAS capabilities

5. Release & Commissioning

- Serve as Product Owner in

- Release planning and reviews

- Backlog refinement
- Testing and sign-off

- Ensure timely delivery of releases with high functional quality.
- Support product testing by validating scenarios, edge cases, and exceptions.

6. Integration & Ecosystem Alignment

- Define functional requirements for PAS integrations with:
- External APIs (KYC, payment gateways, vehicle/property data sources)

- Insurtechs

Requirements

- Solid hands-on experience in P&C; insurance operations and systems.
- Deep understanding of policy lifecycle management.
- Familiarity with insurance regulations.
- Proven experience as a Product Owner / Functional Lead / Business Analyst.
- Experience in large transformation or core system modernization programs.
- Ability to understand configuration models, rating engines, and workflows.
- Excellent stakeholder communication.
- Strong analytical and problem-solving abilities.
- Ability to challenge business requirements constructively.
- Comfortable working in cross-functional environment.

📌 Product Owner - Retail GI & Commercial (PAS) (India)
🏢 MarketScope
📍 India