Product Developer

CFC; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

CFC is seeking a Product Developer to create and maintain specialist commercial insurance products and support underwriting and claims teams with product-related inquiries in London. The role involves strategic planning of the product portfolio, market analysis, and driving innovation across multiple lines, including cyber, tech, and liability.

You will manage multiple projects, coordinate with business stakeholders, and ensure regulatory and internal standards are met.

Qualifications

• Experience drafting policy wordings, endorsements and schedules.
• Strong understanding of commercial/personal lines insurance and product development.

Responsibilities

• Draft policy wordings and endorsements in-house style and ensure territorial compliance.
• Respond to underwriter and claims inquiries with timely sign-off before issuance.
• Project manage development and delivery of new product initiatives and upgrades.

Skills

Policy wordings

Product development

Insurance products

Tools

Lloyd's Crystal

Job description

Reporting to the Product Development Leader, as a Product Developer you will be responsible for the creation and maintenance of specialist commercial insurance products and providing a quality support service to the Underwriting and Claims teams on product related enquiries.

Department: Innovation

Location: UK - London

About the role

You will be assisting with the strategic planning and development of CFC's product portfolio. This will include working with teams around the business to monitor the performance of product coverage, identifying opportunities to drive innovation, conducting and facilitating competitor and market analysis, and extracting actionable insights from our internal data.

With over 50 CFC products across multiple business lines, you will be managing many projects and stakeholders at any given time. To be successful in this role, you will thrive working in a fast-paced and results-driven business, have strong attention to detail, be a confident communicator and have an analytical mind.

• Drafting of policy wordings, policy endorsements, application forms, schedules and ancillary documents in the CFC in-house style, ensuring they are compliant with territorial requirements and meet the requirements of the relevant business line (cyber, tech, media, professional liability, general liability, commercial property, management liability, product recall, medical malpractice etc).
• Respond to underwriter and claims generated product enquiries of all complexity within the prescribed timeframe and obtain the appropriate sign off before issuance.
• Project managing the development and delivery of new product initiatives and product version upgrades from initial concept to final release within the prescribed timeframe.
• Log coverage queries from underwriters and ensure they are responded to within the appropriate timeframe.
• Working with the systems development team to achieve successful system integration of new product initiatives and product version upgrades, including the creation of detailed user requirements and user acceptance testing.
• Relationship managing the communication between the products team and underwriting teams and other key stakeholders throughout the business in respect of the progress and release of new product initiatives and product version upgrades.
• Maintain accurate records of version control of all documents.
• Research any jurisdictional requirements or other compliance issues through the use of Lloyds Crystal, the compliance team and other channels, as appropriate.

About you

We're looking for a proactive, self-starter with strong experience in policy wordings from a similar role, or with contracts/product development expertise - ideally gained within a claims or fintech environment. You'll bring a solid understanding of commercial and/or personal lines insurance, with demonstrable experience in developing and enhancing insurance products.

You'll thrive in a collaborative team environment, with a strong work ethic and the confidence to engage and influence stakeholders at all levels, including C-suite executives. Strong written communication skills are essential, particularly in report writing, alongside the ability to analyse data, identify trends and translate insights into actionable outcomes.

You'll be confident in your decision-making and understand when to elevate issues appropriately to the Product Development Leader.

Core Values

Love what you do

We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.

Challenge everything

We're never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.

Have fun, be good

Insurance is a serious business, but we don't take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.