Product Development & Policy Wordings Specialist

International Catalyst Services, LLC; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading company is seeking a Product Development & Policy Wordings Specialist to join their team in London. The role involves developing insurance products, negotiating terms, and providing technical support. Ideal candidates will have a strong background in insurance, excellent communication skills, and the ability to thrive in a fast-paced environment. This hybrid position requires in-office work at least three days a week, offering opportunities for professional development and a vibrant workplace culture.

Benefits

Professional development opportunities

Supportive leaders

Inclusive culture

Qualifications

• Proven experience in the insurance industry, ideally with knowledge of Property, Casualty, Motor.
• Strong written & verbal communication skills.
• Claims, Underwriting, or technical background desirable.

Responsibilities

• Develop products with insurers and negotiate policy wordings.
• Provide technical input into tender processes.
• Assist in providing training on cover-related issues.

Skills

Analytical Skills

Communication

Attention to Detail

Education

Cert CII

ACII

Tools

Microsoft Office

Job description

We are seeking a talented individual to join our Marsh Portfolio Solutions team. This role can be based out of our London, Manchester or Norwich office. This is a hybrid role that has a requirement of working at least 3 days a week in the office.

The role: Product Development & Policy Wordings Specialist

Are you a Policy Wordings Specialist or an experienced Insurance Advisor, Underwriter or Claims Handler with broad technical knowledge of the major lines of business? Do you have experience of interpreting and/ornegotiating terms and policy wordings?

If so, we are seeking someone who can combine these technical skills in order to help the Marsh Portfolio Solution team create and maintain enhanced solutions for clients.

The successful candidate will work within a highly skilled team to develop products with insurers, negotiate and advise on carrier and broker wordings, provide technical input into our tender processes, be responsible for the provision of technical support to Marsh colleagues on cover related issues and assist in providing training both internally and externally

We will rely on you to:

• Fully understand insurer’s wordings within areas of expertise & summarise for communication to the business

• Work with Product Managers to undertake discussions with insurers to agree improvements to their facility and panel policy wordings for the benefit of Marsh clients

• Ensure that wording comparisons are kept up to date including reviews of insurers’ new wordings

• Ensure that key benefits documents and high-level comparison documents are kept up to date in line with the wording comparison

• Research, clarify & communicate on technical insurance issues & developments

• Provide contributions to technical newsletters & other Marsh publications, and assist other team members to do same

• Provide advice on ad hoc basis on client-related & cover issues

• Escalate issues to Product Managers on specific facilities & panels for them to discuss with insurer counterparts

• Develop and maintain quality relationships with key insurers and gain an in-depth understanding of the offering to the UK Corporate Practice

What you need to have:

• Proven experience within the insurance industry ideally with knowledge of Property, Casualty, Motor and PA/Travel policies

• Thrives in a fast-paced environment

• Claims, Underwriting, loss adjuster or technical background desirable

• Previous experience of providing technical policy wording support would be beneficial

• Strong written & verbal communication skills

• Strong analytical skills with excellent attention to detail and an ability to innovate

• Competent in Microsoft Office (Word & Excel)

What makes you stand out:

• Knowledge of Property, Casualty, Motor

• The ability to remain calm under pressure and be able to work flexibly when required

• Cert CII qualified and working towards ACII is desirable

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.

• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.

• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

#hybrid

Marsh, a business of Marsh McLennan (NYSE: MMC), is the world’s top insurance broker and risk advisor. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at [e-mail].

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.