Policy Wordings Specialist - London Market - City - To £80,000

Wisemay; City Of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A global insurance provider is seeking an Insurance Policy Wordings Specialist to ensure compliance within policy wordings and contracts. The ideal candidate will have experience in London Market insurance, strong analytical skills, and effective communication abilities. This is a full-time position offering hybrid working (4 days in the office, 1 day remote) with benefits including enhanced pension and life insurance.

Benefits

Enhanced pension

Life insurance

Income protection

PMI

Qualifications

• In-depth understanding of London Market insurance products and contract law.
• Adept at interpreting complex concepts and contract drafting.
• Strong analytical skills and the ability to manage multiple priorities.

Responsibilities

• Collaborate with teams to provide advice on policy language and coverage.
• Ensure documents comply with regulatory standards.
• Create and maintain libraries of approved templates.

Skills

Understanding of London Market insurance products

Interpreting complex concepts

Relationship management

Analytical skills

Attention to detail

Effective communication

Job description

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