Business Unit: Discovery Insure Function: Actuarial Sciences Date: 2 Nov 2026
Discovery – Insure
Actuarial Manager – Product Development
About Discovery
Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
About Discovery Insure
Discovery Insure is committed to creating a nation of great drivers through our innovative Shared-value Insurance model. Discovery Insure is South Africa’s fastest growing short-term insurance company with comprehensive products that provide protection against current and emerging risks facing clients in the motor and home insurance sectors. Vitality Drive, an internationally-recognised and award-winning programme, is a key differentiator in the market that incentivises and rewards clients for driving well. The Vitality Drive programme has been scaled to local and international markets which now include Europe and the Middle East. The company employs over 1 000 people who are committed to putting our customers and financial advisers first by providing unique and innovative solutions and cover.
Key Purpose
Research, development and implementation of innovative insurance products and rewards mechanisms that will complement Discovery Insure’s existing suite of products.
Areas of responsibility may include but are not limited to:
- Research into new insurance products and risks to make informed and innovative product development decisions.
- Key involvement in the design, development and implementation of new products.
- Analytical and pricing capabilities to understand the financial implications and parameters involved when developing new products, to ensure profitable results.
- Collaboration with various teams within Insure and the group on product development and strategic projects.
- Working with other teams to ensure products are operating in an efficient and accurate manner.
- Monitoring and reporting ongoing results to ensure products are producing optimal results.
Knowledge and Skills:
- SQL
- Python
- Microsoft Office (Excel, PowerPoint and Word)
- Ability to simplify ambiguous information
- Strong written and verbal communication
- Leadership qualities
- Project and people management
- Advanced modelling skills
- Statistical knowledge
- Analytical capabilities
Education and Experience
Education:
- Matric (essential)
- Actuarial qualification (Essential)
- FASSA: Fellow of the Actuarial Society of South Africa (preferred)
Experience:
- 2-5 years’ experience in a technical actuarial role
- 2-5 years’ experience in a Product development role (preferred)
- 2-5 years’ experience in short-term insurance (preferred)
EMPLOYMENT EQUITY
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
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