Policy Wording

Found in: Talent UK C2 - 2 weeks ago


Manchester, United Kingdom Munich Re Specialty Group Full time

The Role

Contribute to the development of new policy wordings, IPIDs, clause libraries, schedule templates (manual and electronic), plus any other documentation or forms for existing classes or for new lines of business, including proof reading and critical review. Manage the review, improvement, updating and maintenance annually (or as required, if sooner) of all versions and variations of all policy wordings for all classes, and associated IPIDs, clause libraries, schedule templates (manual and electronic) plus any other documentation or forms, including in response to legal or regulatory changes. Maintain and act upon a record of all changes identified between each review, and record the rationale for those changes, including making suggestions for such changes where appropriate. Maintain (or manage the maintenance of) a record of all such versions and variations, including start and end dates for their validity, liaising with internal and external IT colleagues in this regard. Assist with the specification of question sets. Support the lines of business in benchmarking wordings and best practice. Act as a first point of contact for enquiries from underwriters, providing or seeking a response, as appropriate. Support the Lines of Business, Marketing and Distribution in drafting or proof-reading marketing and training collateral. Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders. Define, populate and maintain (or manage the population and maintenance of) certain document repositories. Perform (or manage the performance of) periodic and ad hoc accuracy checking, such as overseas taxes. Perform (or manage the performance of) periodic and ad hoc reporting such as ATIA, Gareat and TRIA. Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

What we are looking for

A thorough technical understanding of at least one of the classes written by NMU, or property and casualty business, and an appreciation of all those classes and the differences between them A detailed understanding of policy wording construction A good understanding of relevant insurance law A good understanding of how delegated authorities operate An appreciation of the insurance regulatory landscape, including the peculiarities of the Lloyd’s market and Lloyd’s Europe The ability to work independently (or with minimal supervision, where appropriate) Excellent communication skills, particularly written English Policy document drafting, particularly the avoidance of ambiguity, including the necessary MS Word skills to support document creation, making use of styles, tables, etc Policy document critical review, with a keen eye for detail Organisation, including time and resource management Problem solving Relationship building

Key Skills & Experience

Cert CII required / Dip CII and/or progress towards ACII preferred.

Your career with us

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more


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