Insurance Wording Specialist
other jobs Wise May Ltd
Added before 6 hours
- England,London,City of London
- Full Time, Permanent
- £100,000 - £120,000 per annum
Job Description:
Wise May is recruiting for an Insurance Wording Specialist with MGA and Syndicate experience to join a global insurance and reinsurance provider, to ensure legal and regulatory compliance within policy wordings, clauses, contracts and endorsements.
This is a full time, permanent position with hybrid working (4 days in the office and 1 day remote).
Insurance Wording Specialist duties and responsibilities:
*Collaborate with Underwriters, Legal, Compliance and other teams to provide advice and guidance on policy language, coverage and potential risks.
*Ensure documents are legally and regulatorily compliant and align with regulatory standards, market practice and binding authority agreements.
*Create and upload policy wordings, clauses, and endorsements to reflect underwriting intent, regulatory requirements, and company standards.
*Develop and maintain libraries of approved template wordings and clauses.
*Actively monitor and analyse regulatory developments and market trends.
*Deliver training sessions to internal teams on best practices for wordings and documentation.
Insurance Wording Specialist key skills and experience required:
*MGA and Syndicate experience.
*Proven experience in insurance wordings and contract drafting, Lloyds wording knowledge is highly desirable.
*In-depth knowledge of insurance products and contract law with proficiency in interpreting complex concepts.
*Effective relationship management and stakeholder engagement skills, confident in engaging with colleagues across different business departments and representing the business at market forums.
*Strong analytical skills, with proficiency in analysing requests, identifying potential issues and proposing appropriate solutions.
*Able to manage and take responsibility for own workload, effectively coordinating multiple priorities.
*A high degree of accuracy and attention to detail.
*Able to work in and contribute to the team.
*A good communicator, with the ability to act in a professional manner.
Benefits
*Enhanced pension
*Life insurance
*Income protection
*PMI
This is a full time, permanent position with hybrid working (4 days in the office and 1 day remote).
Insurance Wording Specialist duties and responsibilities:
*Collaborate with Underwriters, Legal, Compliance and other teams to provide advice and guidance on policy language, coverage and potential risks.
*Ensure documents are legally and regulatorily compliant and align with regulatory standards, market practice and binding authority agreements.
*Create and upload policy wordings, clauses, and endorsements to reflect underwriting intent, regulatory requirements, and company standards.
*Develop and maintain libraries of approved template wordings and clauses.
*Actively monitor and analyse regulatory developments and market trends.
*Deliver training sessions to internal teams on best practices for wordings and documentation.
Insurance Wording Specialist key skills and experience required:
*MGA and Syndicate experience.
*Proven experience in insurance wordings and contract drafting, Lloyds wording knowledge is highly desirable.
*In-depth knowledge of insurance products and contract law with proficiency in interpreting complex concepts.
*Effective relationship management and stakeholder engagement skills, confident in engaging with colleagues across different business departments and representing the business at market forums.
*Strong analytical skills, with proficiency in analysing requests, identifying potential issues and proposing appropriate solutions.
*Able to manage and take responsibility for own workload, effectively coordinating multiple priorities.
*A high degree of accuracy and attention to detail.
*Able to work in and contribute to the team.
*A good communicator, with the ability to act in a professional manner.
Benefits
*Enhanced pension
*Life insurance
*Income protection
*PMI
Job number 3487623
Increase your exposure to recruiters with ProJobs
Thousands of recruiters are looking for you in the Job Master profile database, increase your exposure 4 times with a ProJob subscription
You can cancel your subscription at any time.
metapel
Company Details:
Wise May Ltd
We are committed and dedicated to our client?s needs. We stand by our core values that being honest, showing integrity and supporting diversity allow ...