At a Glance
- Tasks: Support underwriting by reviewing and drafting insurance policies and contracts.
- Company: Join Chaucer, a leading global insurer with a diverse and inclusive culture.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and wellbeing support.
- Other info: Be part of a successful team with strong growth and career opportunities.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Experience in insurance or legal environments and knowledge of policy wordings.
The predicted salary is between 36000 - 60000 £ per year.
About us Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com.
The role Become an integral part of the team, supporting the underwriting business across all core, direct lines of business. Working with the Head of Wordings and other team members, you will be responsible for the review of slip policies and contract wordings, including ad-hoc drafting requests where required, to ensure that policy documentation aligns with underwriter intentions, regulatory requirements, and the wider underwriting strategy.
Main Duties:
- Provide technical advice to underwriters on all wordings related matters.
- Draft and review slip policies and contract wordings, including analysis and explanation of individual clauses, always with a focus on delivering a timely and commercial solution to any issue raised.
- Assist the Head of Wordings, and other team members, with day-to-day wordings related tasks.
- Raise the awareness of wording clauses and their impact on coverage to the wider business.
- Lead reviews and amends on contract wordings in line with updates in Consumer Duty regulations.
- Liaise with market peers and remaining fully abreast of market developments and trends.
- Format and stylise newly drafted wordings, complying with relevant jurisdictional requirements and maintaining Chaucer branding.
Our Requirements:
- Experience of working on policies and wordings in a London Market environment or experience of working in a legal and or regulatory environment.
- Working knowledge of Microsoft Office.
- Working knowledge of Standard Market Wordings, Clauses and Endorsements.
- Familiar with London Market Reform Initiatives, including Contract Certainty, Market Reform Slip, Lloyd's Crystal.
- Familiarity with market protocols and market guidance.
Why Join Chaucer? Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.
We offer: A flexible office hybrid work model that supports individual and team needs. A diverse, inclusive culture that values people for who they are. Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
Wordings Technician (Insurance or Legal exp) in London employer: Chaucer Group
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London, where you can contribute to a leading insurance group that protects industries globally. With a strong focus on employee growth, we provide extensive benefits, a flexible hybrid work model, and a diverse, inclusive culture that values individuality and fosters collaboration. Join us to be part of a team that not only drives financial success but also prioritises your wellbeing and professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Wordings Technician (Insurance or Legal exp) in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance and legal sectors, especially those who work at Chaucer or similar companies. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Standard Market Wordings and recent market trends. Show us you know your stuff, and you'll stand out from the crowd!
✨Tip Number 3
Don’t just apply through job boards; head straight to our website! We love seeing candidates who take the initiative to engage with us directly.
✨Tip Number 4
Practice your pitch! Be ready to explain how your experience aligns with the role of a Wordings Technician. Highlight your legal or insurance background and how it can benefit our underwriting team.
We think you need these skills to ace Wordings Technician (Insurance or Legal exp) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Wordings Technician role. Highlight your experience in insurance or legal environments, and don’t forget to mention any relevant skills with Microsoft Office and market wordings.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background aligns with Chaucer’s needs. Be specific about your experience with slip policies and contract wordings.
Showcase Your Knowledge:Demonstrate your understanding of the London Market and any relevant regulations. Mention your familiarity with initiatives like Contract Certainty and how they relate to the role. This shows us you’re not just applying randomly!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get the best chance to showcase your skills directly to our team!
How to prepare for a job interview at Chaucer Group
✨Know Your Wordings Inside Out
Make sure you brush up on your knowledge of slip policies and contract wordings. Familiarise yourself with Standard Market Wordings, Clauses, and Endorsements. Being able to discuss these confidently will show that you're ready to support the underwriting business effectively.
✨Showcase Your Regulatory Knowledge
Since the role involves compliance with regulatory requirements, be prepared to discuss your understanding of Consumer Duty regulations and how they impact contract wordings. This will demonstrate your ability to align documentation with underwriter intentions and market standards.
✨Prepare for Technical Questions
Expect technical questions related to wordings and policies. Think about scenarios where you've had to provide advice or draft documents in a timely manner. Use specific examples from your past experience to illustrate your problem-solving skills and commercial awareness.
✨Engage with Market Trends
Stay updated on current market developments and trends in the insurance sector. Being able to discuss recent changes or initiatives, like the London Market Reform Initiatives, will show your enthusiasm for the industry and your commitment to staying informed.
