At a Glance
- Tasks: Support underwriters by providing technical assistance on contract wordings and insurance products.
- Company: Join Markel, a global community of optimists and problem-solvers.
- Benefits: Competitive salary, annual bonus, and opportunities for professional growth.
- Other info: Dynamic team environment with excellent career advancement opportunities.
- Why this job: Make a meaningful impact in the insurance industry while collaborating with experienced professionals.
- Qualifications: Knowledge of insurance terminology and experience in policy drafting required.
The predicted salary is between 30000 - 40000 € per year.
Looking for a role that will have a meaningful impact on Contract Wordings? We are looking for an individual to work closely with our Underwriters and support functions to provide technical assistance to underwriters in the delivery of their business plans.
The Opportunity
We have an excellent opportunity within our Wordings Team for a Contract Wordings Technician specifically supporting the Markel UK division. The role will report into our Head of Technical Wordings and will work closely with a team of experienced policy wording drafters supporting insurance products across the distribution channels of open market, direct to customer and delegated authority. This is a UK retail insurance focused role and sits within a wider wordings team that handles wordings across all of Markel International, including our London Market, APAC, European, and Canadian operations.
The role will have a dotted line into the UK Director of Underwriting and will be expected to work with Markel UK’s underwriters and leadership, drawing on the wider International Technical Wordings Team, to deliver wordings support, including on cross divisional projects. The Technical Wordings Team reports into the Chief Underwriting Officer as part of the Underwriting Strategy and Performance department.
The purpose and mission are to enable profitable underwriting through portfolio optimisation and fostering strategic partnerships internationally, while establishing clear frameworks that deliver insights, support underwriting decisions and seeing opportunities.
What You’ll Be Doing
- Providing reviews and advice on various retail open market wordings and products including Markel UK products, Binding Authorities, Cover-holder and broker wordings.
- Work with other team members to provide visibility of workloads and the timely delivery of service to underwriters on wording matters.
- Developing and delivering advice to underwriters on wording related issues and including emerging market, regulatory or legal trends that impact product wording where required.
- To ensure the central wording repository is accurately maintained and keep records and reports relating to wording matters.
- Ensure wordings follow applicable legal and regulatory requirements.
- Ability to explain sophisticated and technical topics in an approachable and accessible way for both internal and external stakeholders.
- Post bind thematic reviews of product lines.
Our Must-haves
- Knowledge of retail and direct to customer open market insurance business, markets and general insurance related terminology.
- Experience and deep knowledge of FCA requirements around policy wordings, FOS outcomes, customer insurance documentation, IPIDs, Consumer Duty, and conduct risk.
- Experience of collaborating with senior management, senior stakeholders and boards/committees.
- Strong interpersonal and people management skills, ability to drive consensus and negotiations.
- Project management capability.
- Team orientation – it is important that the person works within the team to ensure high standards of product delivery and collaboration.
- Strong organisational skills.
- Experience of legal contract or insurance policy drafting.
- Knowledge and experience with Acturis and/or Websure are assets but not integral.
What’s in it for you? A great starting salary plus annual bonus.
Contract Wordings Technician employer: Markel
At Markel, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to make a meaningful impact in the insurance industry. As a Contract Wordings Technician, you will be part of a dynamic team that values professional growth and offers opportunities to engage with experienced underwriters and leadership across our global operations. With competitive salaries, annual bonuses, and a commitment to employee development, Markel is an excellent employer for those looking to thrive in a supportive environment while contributing to our mission of enabling profitable underwriting.
StudySmarter Expert Advice🤫
We think this is how you could land Contract Wordings Technician
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Markel. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of retail insurance and FCA requirements. We want to see you shine when discussing how you can support underwriters with your expertise!
✨Tip Number 3
Showcase your teamwork skills! Highlight experiences where you've collaborated with others to achieve goals. At Markel, we value team players who can drive consensus and deliver high standards.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Contract Wordings Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Contract Wordings Technician role. Highlight your experience with insurance policy drafting and any relevant knowledge of FCA requirements. We want to see how your skills align with what we’re looking for!
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 you can make a meaningful impact at Markel. Don’t forget to mention your teamwork skills and how you’ve collaborated with underwriters or senior management in the past.
Showcase Your Technical Knowledge:Since this role involves providing technical assistance, be sure to showcase your understanding of retail open market insurance and related terminology. We love candidates who can explain complex topics in an approachable way, so don’t hold back!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be part of our global community of optimists and problem-solvers. Let’s make a difference together!
How to prepare for a job interview at Markel
✨Know Your Stuff
Make sure you brush up on your knowledge of retail and direct to customer open market insurance. Familiarise yourself with FCA requirements, policy wordings, and general insurance terminology. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Team Spirit
Since this role is all about collaboration, be ready to discuss your experiences working within a team. Share examples of how you've driven consensus or managed projects successfully. Highlighting your interpersonal skills will demonstrate that you can work well with underwriters and other stakeholders.
✨Prepare for Technical Questions
Expect some technical questions related to wording issues and emerging market trends. Think about how you would explain complex topics in a simple way. Practising these explanations will help you communicate effectively during the interview, making it easier for the interviewers to see your potential.
✨Ask Insightful Questions
At the end of the interview, don’t forget to ask questions! Inquire about the team's current projects or challenges they face. This shows your enthusiasm for the role and gives you a chance to demonstrate your understanding of the industry and the company's mission.
