About the Role:
As a Policy Wording Specialist for one of our clients, you will play a pivotal role in collaborating with the Head Office underwriting team to continuously improve insurance policy wordings, ensuring they remain market-leading and compliant. You will manage the document compliance process, coordinate with stakeholders, and lead the delivery of wording updates and annual reviews.
Key Responsibilities:
1. Own the document compliance process, liaising with stakeholders across the business to secure sign-off and approvals.
2. Collaborate with Underwriting and Product Management teams to assess and develop policy wordings, ensuring they meet or exceed market standards.
3. Draft, update, and deliver wording changes, working closely with stakeholders to achieve timely delivery.
4. Lead the annual policy wording reviews, managing all associated actions and updates.
5. Assist the Head of Commercial Direct Underwriting and Head of Commercial Direct Underwriting Development to maintain and evolve product wordings in line with strategic, regulatory, and statutory requirements.
6. Maintain a centralised log of all wording changes to ensure compliance with internal controls and audit requirements.
Required Skills and Experience:
1. Expertise in drafting, reviewing, and updating insurance policy wordings to ensure market competitiveness and regulatory compliance.
2. Strong understanding of regulatory, statutory, and internal control requirements relevant to insurance products.
3. Proven experience leading annual wording reviews and managing wording updates collaboratively.
4. Skilled in maintaining centralised records to support governance, audit, and compliance frameworks.
5. Excellent attention to detail and strong written communication skills.
6. Ability to align product wording development with strategic business and regulatory changes.