Insurance Wording Specialist

Wise May is recruiting for an Insurance Wording Specialist with MGA and Syndicate experience to join a global insurance and reinsurance provider, to ensure legal and regulatory compliance within policy wordings, clauses, contracts and endorsements.

This is a full time, permanent position with hybrid working (4 days in the office and 1 day remote).

Insurance Wording Specialist duties and responsibilities:

• Collaborate with Underwriters, Legal, Compliance and other teams to provide advice and guidance on policy language, coverage and potential risks.
• Ensure documents are legally and regulatorily compliant and align with regulatory standards, market practice and binding authority agreements.
• Create and upload policy wordings, clauses, and endorsements to reflect underwriting intent, regulatory requirements, and company standards.
• Develop and maintain libraries of approved template wordings and clauses.
• Actively monitor and analyse regulatory developments and market trends.
• Deliver training sessions to internal teams on best practices for wordings and documentation.

Insurance Wording Specialist key skills and experience required:

• MGA and Syndicate experience.
• Proven experience in insurance wordings and contract drafting, Lloyds wording knowledge is highly desirable.
• In-depth knowledge of insurance products and contract law with proficiency in interpreting complex concepts.
• Effective relationship management and stakeholder engagement skills, confident in engaging with colleagues across different business departments and representing the business at market forums.
• Strong analytical skills, with proficiency in analysing requests, identifying potential issues and proposing appropriate solutions.
• Able to manage and take responsibility for own workload, effectively coordinating multiple priorities.
• A high degree of accuracy and attention to detail.
• Able to work in and contribute to the team.
• A good communicator, with the ability to act in a professional manner.

Benefits

• Enhanced pension
• Life insurance
• Income protection
• PMI