Wise May is recruiting for an Insurance Policy Wordings Specialist with London Market insurance 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).
Policy Wordings Specialist duties and responsibilities:
- Collaborate with Underwriters 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.
Policy Wordings Specialist key skills and experience required:
- In-depth understanding of London Market insurance products, insurance wordings and contract law.
- Adept at interpreting complex concepts and contract drafting.
- 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