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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 on or before 22nd July 2016.

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