Product Development & Policy Wordings Specialist

Marsh & McLennan Companies; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Join a leading global insurance broker as a Product Development & Policy Wordings Specialist. This hybrid role involves working closely with insurers and product managers to enhance client solutions. Ideal candidates will have experience in the insurance industry and strong analytical skills. Enjoy a supportive culture with opportunities for professional development.

Benefits

Opportunities for professional development

Supportive leadership

Inclusive culture

Qualifications

• Proven experience in the insurance industry with knowledge of various policies.
• Strong communication and analytical skills.

Responsibilities

• Collaborate with Product Managers to negotiate improvements to policy wordings.
• Provide technical input into tender processes and support colleagues on cover issues.

Skills

Communication

Analytical

Negotiation

Education

Cert CII

ACII

Tools

Microsoft Office

Job description

Company: Marsh

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 requires 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 interpreting and/or negotiating terms and policy wordings?

If so, we are seeking someone who can combine these technical skills 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 tender processes, support Marsh colleagues on cover issues, and assist in providing training internally and externally.

Key responsibilities:

1. Understand insurer’s wordings within expertise areas and communicate summaries to the business.
2. Collaborate with Product Managers to negotiate improvements to policy wordings with insurers.
3. Keep wording comparisons and reviews of new insurer wordings up to date.
4. Maintain key benefits and high-level comparison documents.
5. Research and communicate on technical insurance issues and developments.
6. Contribute to technical newsletters and publications, supporting team members.
7. Provide ad hoc advice on client and cover issues.
8. Escalate issues to Product Managers for insurer discussions.
9. Develop and maintain relationships with key insurers and understand their offerings.

Minimum requirements:

1. Proven experience in the insurance industry, with knowledge of Property, Casualty, Motor, and PA/Travel policies.
2. Ability to thrive in a fast-paced environment.
3. Claims, underwriting, loss adjusting, or technical background preferred.
4. Experience providing technical policy wording support is beneficial.
5. Strong communication and analytical skills.
6. Proficiency in Microsoft Office (Word & Excel).

Preferred attributes:

1. Knowledge of Property, Casualty, Motor.
2. Ability to work calmly under pressure and flexibly when needed.
3. Cert CII qualification, with progress towards ACII, is desirable.

Why join us:

1. Opportunities for professional development and interesting work.
2. Supportive leadership and a vibrant, inclusive culture.
3. Range of career opportunities, benefits, and rewards.

#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 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 law. We are an equal opportunities employer and provide reasonable adjustments for candidates with disabilities. If you require accommodations, please contact us at [e-mail].

Marsh McLennan supports hybrid work, including remote work and in-office collaboration. All colleagues are expected to work from their local office or on-site with clients at least three days per week, with at least one 'anchor day' for full team in-person meetings.