Insurance Wordings Specialist - City based Insurance Company
Paying up to £120,00 + Excellent Benefits Package
Tower Street Insurance Recruitment is currently working with a City Based Insurer to recruit an experienced Insurance Wordings Specialist. The ideal candidate will have MGA and Syndicate experience and, through collaboration with the compliance and underwriting teams, facilitate legal and regulatory compliance throughout the organisation's policy documentation.
Job Purpose
To draft, review, and manage insurance policy wordings, clauses, and endorsements to ensure legal and regulatory compliance while meeting key business needs.
Collaborate with Underwriters to provide workings advice, ensuring documents align with regulatory standards and market practice, and maintain a library of standard wordings.
Key tasks
Create and upload policy wordings, clauses, and endorsements to reflect underwriting intent, regulatory requirements, and company standards.
Ensure all policy language is legally and regulatorily compliant and that documentation aligns with binding authority agreements.
Provide expert advice to underwriters and other departments on policy language, coverage, and potential risks.
Work closely with underwriters, brokers, compliance, and claims departments to ensure consistent and accurate documentation.
Develop and maintain libraries of approved template wordings and clauses for use across the organisation.
Monitor regulatory developments and market trends to inform policy drafting and advise on market practice.
Deliver training sessions and guidance to staff on best practices for wordings and documentation.
Key personal skills required
Ability to analyse requests, identify potential issues, and propose robust solutions.
Ability to analyse and resolve queries, leading to enhanced processes.
Ability to share key knowledge with team, contributing to the team dynamic.
Strong organisation, accuracy, and attention to detail.
Ability to balance multiple priorities, by focusing on timely delivery of quality outputs.
Excellent communication skills, both verbal and written.
Strong people and communication skills who listens and understands the issues, able to represent the function at relevant market forums.
Meticulous approach to drafting and reviewing documents to ensure accuracy and compliance.
Key technical skills, knowledge and professional qualifications required
Deep understanding of insurance products, contract law, and the ability to interpret complex concepts.
An understanding of the Lloyd’s/London Market insurance processes and practice
Proficient use of Microsoft Office and Business Intelligence tools, including Excel, Power BI etc
Ability to effectively manage internal and external stakeholders of all levels.
Proven experience in insurance wordings, contract drafting, or a legal/compliance environment.
If you would like to discuss this opportunity further, please email me on: