Senior Liability Wordings Specialist

London - UK

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Department:

Operations

Job Summary

Description

Senior Liability Wordings Specialist (specializing in North American Casualty business)

The Company

WTW (formerly Willis Towers Watson) is a leading global advisory broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828 WTW has 39000 employees in more than 120 territories. We design and deliver solutions that manage risk optimize benefits cultivate talent and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent assets and ideas the dynamic formula that drives business performance. Unlock your potential at WTW.

The Business

Corporate risk and broking

We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify mitigate and transfer risk taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results.

The Role

Job Summary

To support broking teams to ensure contact certainty and helping to develop best practice wordings and clauses. Streamline manage and review wordings.

Principal Accountabilities

Conduct Risk:To put the interests of clients and the integrity of the market at the heart of the way you do business

Principal Duties/Responsibilities

Detailed understanding of the structure content of North American Casualty contract Wordings in particular the General Liability ISO forms Umbrella Liability forms and the Bermuda Occurrence Reported Form
Review and issuance of carrier produced documentation. Ensure electronic filing of all Client documentation in secure location applying the appropriate retention policy
Drafting of contract Wordings where required by the business unit
Review of/commentary on contract wordings
Recommendations for amendments to contract wordings
Understanding of recent market developments in contract wordings
Assistance with the negotiation of contract wordings with insurers
Liaise with Corporate Departments to oversee/maintain Market Reform Contract (Slip) templates to ensure they meet the current needs of the North American Casualty business unit. Keep the business unit apprised of all updates
To provide technical training to placing teams on North American Casualty insurance
Provide technical advice to sales team and network on wordings related matters
Review of Market Reform Contracts (Slip/MRCs) as required
Resolve contract wordings queries from Clients Insurers and Network
Provide comparisons between differing wordings when required
Monitor and prioritise own work using tracking systems
Maintain electronic (or paper) wordings files ensuring the appropriate file retention policy for US Casualty business is adhered to
Establish and maintain good working relationships with key carrier contacts
Wordings-related ad hoc tasks as required.

Qualifications

Key professional/technical knowledge and skills (Qualifications where applicable):

Good understanding of insurance and insurance contract law
In-depth understanding of the base wordings and standard clauses of one specialist class
In-depth understanding of the risks associated with one specialist class of insurance
Excellent understanding of MRC/slip construction and content
Excellent communications skills

Job Family

Leadership- To achieve business results through planning organising and directing the work of others.
Client Relationship- To generate income for the Group by working directly for and with external clients.
Technical/Professional- To add value to the business by applying their professional knowledge and expertise.
Business Support- To provide back-up and support to colleagues and managers in order to allow others to concentrate on the focus of their role and the profitability of the business.

Key capabilities

Organising and planning own time
Self-motivated
Attention to detail
Completer/finisher
Client focused
Ability to turn insurance coverage requirements into clear unambiguous and accurate written wording/policy documentation
Good Word related PC skills
Basic Excel knowledge an advantage

Equal opportunity employer
Were committed to equal employment opportunity and provide application interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers from the application process through to joining WTW please email

Required Experience:

Senior IC

DescriptionSenior Liability Wordings Specialist (specializing in North American Casualty business)The CompanyWTW (formerly Willis Towers Watson) is a leading global advisory broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828 ...