Director, Product Development

Director, Product Development & Research RGA, a Fortune 200 and purpose‑driven reinsurance company, seeks a Director of Product Development & Research in Hong Kong to spearhead the creation, pricing, and launch of innovative insurance products that meet client needs while preserving long‑term profitability. General Summary The Director will design product strategies, translate market insights into actionable product concepts, and collaborate with cross‑functional teams to ensure solutions are profitable, risk‑controlled, and aligned with RGA’s strategic objectives. Principal Duties & Responsibilities Lead the development and market introduction of innovative insurance solutions, setting the vision for product development to specific markets. Drive business growth by identifying emerging trends and key growth opportunities, translating them into actionable product strategies that differentiate RGA in the marketplace. Develop a deep understanding of client product needs by actively engaging with Business Development, clients, and the internal research function to inform product strategy and define a clear problem statement and objective. Coordinate and gain targeted input from cross‑functional teams—including Business Development, Pricing, Underwriting, Claims, Medical, and Regional Teams—to identify, propose, and price new product concepts. Analyze research papers and new sources of data to develop pricing assumptions for new product ideas. Ensure pricing assumptions are based on sound risk assessment and thoroughly documented; identify risks and propose mitigants through intelligent product design, practical underwriting guidelines, and robust claims controls. Facilitate stakeholder alignment and secure buy‑in for product concepts, pricing assumptions, and risk management guidelines. Conduct research and testing to validate new product concepts, ensuring they meet market needs and strike the right balance between customer expectations, client objectives, and RGA’s strategic interests. Coach and develop team members to balance short‑term product support with long‑term innovation; enhance their capabilities in product development, research, and pricing; support the growth of normative skills and career development. Travel as required for client meetings, presentations, seminars, and other business‑related activities. Qualifications – Required Bachelor’s degree in Actuarial Science, Statistics, Mathematics, Finance, or a related discipline. Fellowship with a globally recognized actuarial association (Society of Actuaries, Institute and Faculty of Actuaries, etc.). 8+ years of relevant experience in life insurance, or reinsurance, with at least 3 years in a technical capacity, for example, pricing, experience analysis, or valuation. Strong analytical, critical, and creative thinking skills, with advanced problem‑solving abilities. Proactive, alert to new opportunities, and able to translate business challenges into practical solutions. Excellent project management skills, including the ability to define clear objectives, synthesize findings, and provide recommendations. Demonstrated ability to work independently, build and manage relationships, and collaborate with internal stakeholders. Proven track record of taking ownership and delivering on business objectives and innovative solutions. Excellent oral and written communication with ability to deliver effective presentations. Fluent in English. Qualifications – Preferred Experience in product pricing or development with a reinsurer (preferred) or direct insurer. Good understanding of the Hong Kong and/or China insurance market and medical system. Knowledge of markets and insurance products offerings outside of Hong Kong. Demonstrated expertise in leveraging AI or other technological solutions within product development would be considered beneficial. What you can expect from RGA Gain valuable knowledge from and experience with diverse, caring colleagues around the world. Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought. Join the bright and creative minds of RGA, and experience vast, endless career potential. Seniority Level Director Employment Type Full‑time Job Function Product Management and Marketing Industries Insurance #J-18808-Ljbffr