Heritage Insurance Product Development, Research & Innovation Supervisor Job in Kenya

The Heritage Insurance Company (K) Ltd is a member of Liberty Group
and a leading insurance Company with a legacy of providing superior
services to a wide spectrum of clients since 1976. 
We have received AA – rating, the highest international rating awarded to a Kenyan insurer. 
Company also won awards at the 2015 Annual Insurance Awards – Corporate
Social Responsibility, Fraud Detection & Prevention and Risk

We are looking for a dynamic and experienced individual to fill in the following position:
Job Title: Product Development, Research & Innovation Supervisor


Main Purposes of the Job: To
assist in the development, maintenance and/or review of all products in
the organization and provide market insights to influence strategy

Key Responsibilities / Accountabilities
  • To
    make recommendations to existing products based on market needs,
    existing product performance, and competitor analysis, in order to
    increase sales volume and profitability.
  • Product Concept: Research on product ideas and present a concept paper for consideration
  • Product
    development: Design, price and set-up product in the administration
    system and also ensure the relevant actuarial product sign-offs are
  • Engage
    prospective partners on product distribution and ensure the development
    of non-disclosure agreements, service level agreements and
    administrative agreements.
  • Develop
    a business case that gives a holistic overview of the product and
    includes; product proposal, market analysis, market strategy, impact on
    risk appetite and the process flows.
  • To
    support the process of product development in liaison with the Project
    Team to ensure all new products are developed within appropriate
  • To
    support Sales & Distribution team in ensuring that all products and
    product related activities are within the regulatory framework.
  • Conduct research on market insights, consumer trends and the macro-economy.
  • Develop modalities for translating research findings and recommendations into solutions that promote strategy execution
  • To
    perform required business analytics for management reporting and
    strategy execution and make recommendations to support these analyses.
  • Project involvement for running projects that may require the supervisor’s input.
  • To
    fully participate in coaching and mentoring of other staff within the
    organisation for sharing of skills and knowledge for enhanced service
Key Skills, Knowledge, Experience and Personal Competencies


  • BSc. Actuarial Science, Statistics, Mathematics or related qualification.
  • At least eight credits or passes in professional actuarial examinations from a recognized examining body
  • At least 3 years prior experience in an actuarial environment, preferably in product development in a general insurance set up.
  • Working
    knowledge of regulatory environment (Capital Markets; Stock Exchange;
    Retirement Benefits Authority; Insurance Regulatory Authority)
  • Demonstrate to have held a similar leadership role
Other Attributes
  • Proficiency in Excel and Word Programmes
  • Able to maintain a high level of confidentiality
  • Highly innovative and ability to think outside the box
  • Be able to maintain high standards of professionalism and ethics
Application Process

you believe you are the right candidate, please email your application
and CV to hr@heritage.co.ke on or before 22nd July 2016.

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