Senior Wordings Specialist

2 weeks ago


London, United Kingdom Bruin Full time

Job Description

Senior Wordings Specialist

Our client a prestigious London Insurer as a Senior Wordings Specialist and become a pivotal part of their dynamic team. They are dedicated to providing innovative insurance solutions and are seeking an experienced professional to lead their international wordings department.

Key Responsibilities:

Wordings Development:

  • Lead the development and enhancement of insurance policy wordings, ensuring clarity, accuracy, and compliance with regulatory requirements
  • Collaborate with underwriters, legal experts, and other stakeholders to create bespoke policy wordings tailored to specific risks

Policy Review and Analysis:

  • Review and analyse existing policy wordings to identify areas for improvement or updates
  • Ensure that policy wordings accurately reflect the scope of coverage and align with underwriting guidelines

Regulatory Compliance:

  • Stay abreast of regulatory changes and industry developments to ensure that policy wordings remain compliant with relevant laws and regulations
  • Work closely with compliance professionals to address any regulatory concerns or issues

Stakeholder Management:

  • Serve as the primary point of contact for internal and external stakeholders on matters related to policy wordings
  • Provide guidance and support to underwriters, brokers, and clients regarding policy interpretation and coverage

Training and Development:

  • Provide training and guidance to junior members of the wordings team, fostering their professional development and enhancing overall expertise
  • Conduct workshops or seminars to educate internal stakeholders on best practices for policy wordings

Documentation and Record-Keeping:

  • Maintain comprehensive documentation of all policy wordings, revisions, and updates
  • Ensure that records are organized and easily accessible for reference purposes

Qualifications and Experience:

  • Extensive experience in insurance policy wordings within the London market
  • In-depth knowledge of insurance principles, regulations, and coverage concepts
  • Strong analytical and critical thinking skills, with the ability to interpret complex legal language and insurance terminology
  • Excellent communication and interpersonal skills, with the ability to liaise effectively with internal and external stakeholders
  • Proven track record of leading wordings projects and initiatives, with a focus on delivering high-quality results
  • Relevant Professional qualifications or certifications (e.g., ACII, CII)
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