Head of Wordings and Product – 12 month fixed term contract

Travelers; Greater London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading insurance firm in Greater London is seeking a Technical Product Development Lead to manage the development of underwriting parameters for their Business Insurance portfolio. The ideal candidate will have solid experience in commercial underwriting, excellent leadership and communication skills, and a background in commercial insurance. This role allows for hybrid working and is an excellent opportunity to contribute to innovative insurance solutions.

Benefits

Comprehensive benefit programs

Hybrid work flexibility

Qualifications

• Solid experience in commercial underwriting and product within the property and casualty industry.
• Strong written and verbal communication skills with the ability to influence various audiences.
• Previous Commercial Insurance experience with deep knowledge of product and underwriting coverage.

Responsibilities

• Lead the technical product development team, developing underwriting appetite and parameters.
• Negotiate with stakeholders to agree on priorities.
• Ensure customer-centric coverage configurations are robust and accurate.
• Understand reinsurance treaty policy requirements across Business Insurance.
• Maintain oversight of coverage solutions and ensure compliance with market standards.
• Collaborate with IT for product design and implementation.
• Communicate changes effectively and deliver appropriate training.
• Establish collaborative relationships with various stakeholders.

Skills

Commercial underwriting experience

Leadership skills

Strong communication skills

Relationship building

Microsoft Excel proficiency

Microsoft Word proficiency

Microsoft PowerPoint proficiency

Microsoft Teams proficiency

Job description

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings

1

What Is the Opportunity?

Join us for 12 month fixed term opportunity where you’ll take the helm of technical policy wordings and product development, driving innovation across our Business Insurance portfolio. You’ll help shape market-leading wordings and products while collaborating with talented teams throughout our organisation to execute both strategic long-term vision and tactical short-term initiatives. This is your chance to make a meaningful impact on our underwriting strategies, directly contributing to profitable growth while gaining invaluable experience in a fast-paced, results-driven environment.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Leading the technical product development team, you will be responsible for developing an appropriate UW appetite and underwriting parameters for new and updated products. This includes the preparation and maintenance of product materials and any collaterals.
• Negotiate with stakeholders around the business to agree priorities and execute within agreed timescales.
• Ensure we have customer centric, robust and accurate coverage configurations; providing technical input to Propositions team and SMEs regarding the review of competitor information.
• Ensure you have a full understanding of the reinsurance treaty policy requirements and restrictions across Business Insurance.
• Oversight of our coverage solutions, ensuring consistent drafting conventions, version control, commonality for all Travelers Europe model wordings, control and acceptability (to TRV) on Market, Broker/MGA/DUA wordings.
• Keep abreast of any market, legislative and compliance activity to ensure our product and policy wordings are compliant across first and third party lines of business.
• Consult with relevant colleagues in respect of emerging issues, corporate underwriting stance, coverage and product development.
• Work with IT to ensure that the scope, design and implementation of products (new or existing) and any wording or endorsement changes are successfully implemented within the agreed timeframes.
• Ensure that any changes are communicated effectively to all impacted and ensure the appropriate training is delivered in a timely and effective basis.
• Establish and maintain collaborative relationships with colleagues in Head Office and with all Business areas as needed.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Solid experience in commercial underwriting and product within the property and casualty industry.
• Leadership skills with the ability to manage change, develop employees, and align resources to accomplish key objectives.
• Strong written and verbal communication skills with the ability to influence various audiences across the enterprise.
• Strong relationship building skills with the ability to work independently and collaboratively with internal and external partners.
• Proficiency in Microsoft Excel, Word, PowerPoint, and Teams.

What is a Must Have?

• Previous Commercial Insurance experience with deep knowledge of product, underwriting coverage.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.