Drafting and reviewing policy wordings, summaries of cover, application forms and clauses ensuring they comply with legal, reinsurance and regulatory parameters
Developing and reviewing products as required by the business including wordings, product development and governance
Working with Group Underwriting and third party suppliers to agree and sign-off new policy wordings and other policy documentation
Reviewing and developing free-format clauses drafted within the business
Researching wider market products and propositions, to assist with product development, feeding into Product Oversight and Governance as required
Researching issues connected with policy wording development and escalating wordings issues to the wider business
Acting as a specialist referral point and coach around policy wordings and reinsurance, supporting the business unit in ensuring that standards are met and technical expertise cascaded, meeting defined levels of service (SLAs)
Understanding and operating within regulatory framework including ELTO, product oversight and governance, audit and DA management and identifying and escalating any risks to the business
Working in partnership with Underwriting Operations to enable underwriting of quality business within appetite
Working with Distribution to review options to improve our proposition
Undertaking Underwriting Development projects

Experience of drafting policy wordings
Cert CII. Dip CII preferred, or working towards
Detailed knowledge of general insurance principles
Solid understanding of the regulatory framework
Experience identifying and escalating risk
An analytical approach with high levels of attention to detail
Clear and concise written communication with experience of submitting balanced and well considered recommendations

Competitive salary
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Hybrid working
Group Personal Pension
up to 12% employer contribution
Generous annual bonus scheme between 6% and 24%
25 days annual leave plus bank holidays, and a holiday buy and sell scheme
An array of health and wellbeing benefits, including private healthcare, income protection and life assurance
£200 annual personal grant to a charity of your choice
Encouraged to take at least one volunteering day per year
Employee Assistance Programme
Full study support to gain professional qualifications
Access to virtual GP
Enhanced maternity and paternity pay

Technical Underwriting Specialist, Policy Wordings

Key skills