Intern, Product - Protection & Savings

Descripción del puesto:

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time. Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan's leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Appointments/Purpose of the Role

Responsible for daily health claims assessment day & operational duties within the team, ensuring valid claims are assessed according to Policy's terms & benefits and within the claim authority limit.

Key Responsibilities

* Assist the Product Manager to implement improvements to Singlife's products through a range of actions/strategies including new product propositions, product enhancement and rationalisation, initiatives that support improvements in persistency, sales/revenue as well as cost reductions.
* Assist the Product Manager in market research and competitor analysis.
* Brainstorm & generate innovative product ideas based on research and findings from customer research, market analysis, distributor and customer feedback and complaints.
* Assist the Product Manager in pre-launch and post-launch activities, which includes participating in project delivery meetings, drafting of product specifications and product literature, reviewing marketing materials and providing post-launch support.
* Assist the Product Manager in responding to product-related queries of products features and benefits.
* Compliance with regulatory and business standards requirements relating to product management.

Key Learnings

* Understand the requirements and processes involved in developing and launching protection and savings products.
* Develop stakeholder management skills, as well as project management skills.
* Improve communication skills in dealing with various stakeholders.

Experience

* Proficient in MS Office (Word, Excel, Powerpoint)
* Possess communication and inter-personal skills
* Quick and positive learner, and is analytical with strong problem-solving skills
* Prior experience in insurance industry or having certain level of products knowledge is preferred.

Education

* Degree in Business/ Finance/ Accountancy/ Economics/ Actuarial/ Mathematics is preferred