Strategic Planning – Innovative Product
RELX INC
Are you an excellent problem solver?Are you experienced in insurance and looking to develop your career?
About the Business
LexisNexis Risk Solutions is the essential partner in the assessment of risk. Within our Insurance vertical, we provide customers with solutions and decision tools that combine public and industry specific content with advanced technology and analytics to assist them in evaluating and predicting risk and enhancing operational efficiency. Our insurance risk solutions help drive better data-driven decisions across the insurance policy lifecycle – all while reducing risk. You can learn more about LexisNexis Risk at the link below. https://risk.lexisnexis.com/insurance
About our Team
As a member of the global analytics team, we serve the Chinese market, participating in the entire process from data value assessment, data mining, and analytical modeling to product validation and implementation. Our team provides opportunities to rapidly engage with the entire auto insurance industry (including large, medium, and small companies), quickly building a comprehensive understanding of the sector. We regularly exchange and learn from our 130+ data science teams globally, actively expanding our international perspective.
About the Role
Performs strategic planning and corporate development. Develops the organization's strategic plan(s) to ensure its continued successful growth and profitability.
To empower LNRS to achieve profitable revenue growth and market leadership. Focused on evaluating market problems, defining the strategic plans to grow and improve our business, and on creating new capabilities that drive revenue growth, customer acquisition and new market activity.
Responsibilities
+ Industry research and analysis:
Track the development of the insurance industry, conduct in depth research on market trends, policies and regulations, competitive landscape and technological innovation of motor insurance and other insurance, and explore opportunities. Conduct sufficient market research, and provide data support for strategic decision-making.
Monitor the impact of regulatory policies and the application of technology on the business, and quickly propose response strategies.Benchmark domestic and foreign innovation cases, and refine reusable business models.
+ Strategy formulation and planning:
Lead the formulation of the company's medium- and long-term development strategy for the next 3-5 years, and clarify the business growth path.
Design resource allocation plans to ensure that the strategy is matched with implementation capabilities.
Lead the decoding of the strategy, break down long-term goals into quarterly OKRs, and promote cross-departmental collaboration. Regularly review the progress of the strategy and propose dynamic adjustments.
+ Resource integration and strategic cooperation
Establish an industry resource network (insurers, reinsurers, insurance technology companies, etc.) and promote cooperation opportunities and pilot projects.
Evaluate potential targets for mergers and acquisitions or strategic investments (e.g., AI pricing teams for car insurance, TPA service providers for health insurance), and provide negotiation strategies.
Requirements
+ Bachelor's degree or above, major in economics, finance, MBA, insurance, etc. is preferred.
+ More than 10 years of experience in the insurance industry, with strategic thinking skills, including at least 5 years of responsibility for strategic design or business growth in the insurance industry
+ Experience in implementing strategies from scratch and being able to adapt to resource constraints in small and medium-sized companies (e.g. having led the entire process of innovative insurance products from market research to premium scale).
+ Excellent industry research capabilities, proficient in using SWOT, PEST, Porter's Five Forces and other analytical tools. Able to independently complete market size estimation, business model design, etc.
+ Innovative, collaborative team player with excellent interpersonal and communication skills including the ability to work across a highly matrixed organization, interacting, influencing, negotiating effectively with all levels of leadership and peers.
Preferred conditions:
+ Experience in cooperation in the field of insurance technology and in-depth understanding of insurance technology.
+ Experience in strategic positions in leading insurance companies, consulting firms (e.g. McKinsey, BCG Insurance Group) or Internet insurance platforms.
+ Demonstrated strong execution in strategic planning and resource integration, and experience in successfully building a business from scratch.
Learn more about the LexisNexis Risk team and how we work here (https://relx.wd3.myworkdayjobs.com/RiskSolutions/page/21c296c982531000b79663f3194b0000)
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RELX is a global provider of information-based analytics and decision tools for professional and business customers, enabling them to make better decisions, get better results and be more productive.
Our purpose is to benefit society by developing products that help researchers advance scientific knowledge; doctors and nurses improve the lives of patients; lawyers promote the rule of law and achieve justice and fair results for their clients; businesses and governments prevent fraud; consumers access financial services and get fair prices on insurance; and customers learn about markets and complete transactions.
Our purpose guides our actions beyond the products that we develop. It defines us as a company. Every day across RELX our employees are inspired to undertake initiatives that make unique contributions to society and the communities in which we operate.
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