Policy Wordings Specialist

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

Job summary

A global insurance provider is seeking an Insurance Policy Wordings Specialist to ensure legal and regulatory compliance within policy wordings, contracts, and endorsements. The role involves collaborating with Underwriters, creating policy documents, and monitoring regulatory developments. Candidates should possess in-depth knowledge of London Market insurance products and strong analytical skills. This is a full-time, permanent position with a hybrid work model (4 days in the office, 1 day remote).

Benefits

Enhanced pension

Life insurance

Income protection

Private medical insurance

Qualifications

• Understanding of London Market insurance products and contract law is vital.
• Must be able to interpret complex concepts and draft contracts accurately.
• Need strong analytical skills for identifying issues and proposing solutions.

Responsibilities

• Collaborate with Underwriters for advice on policy language and coverage.
• Ensure compliance with regulatory standards and market practices.
• Create and maintain libraries of policy wordings and clauses.

Skills

In-depth understanding of London Market insurance products

Adept at interpreting complex concepts

Effective relationship management

Strong analytical skills

High attention to detail

Good communication skills

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