At a Glance
- Tasks: Craft precise insurance contracts and provide expert guidance across the organisation.
- Company: Join a leading global insurance firm with a collaborative and innovative culture.
- Benefits: Competitive salary, performance bonuses, hybrid work model, and diverse benefits.
- Other info: Dynamic team environment with opportunities for continuous learning and career growth.
- Why this job: Make a real impact in the insurance industry while developing your expertise.
- Qualifications: Experience in underwriting or claims with strong analytical and communication skills.
The predicted salary is between 100000 - 150000 £ per year.
Are you passionate about the intricate world of insurance contracts and have a keen eye for detail? Join our dynamic EMEA Contracts & Wording team where your expertise will directly impact our business success through crafting precise insurance wordings and providing critical contract guidance across our organization.
As an Insurance Contracts Specialist, you will be at the intersection of contractual precision and insurance expertise, ensuring our contracts are robust, compliant, and aligned with the UK business unit goals. You will collaborate with underwriters and stakeholders to develop tailored solutions that protect our interests while meeting client needs.
Key Responsibilities- Draft and develop UK Swiss Re Corporate Solutions (CorSo) forms, ad hoc clauses and wordings with precision and accuracy.
- Review and analyze third party manuscript wordings to identify risks and breach of internal guidelines.
- Collaborate with Underwriters and internal stakeholders on complex wording topics.
- Conduct audits through comprehensive contracts reviews to ensure compliance and quality.
- Monitor market developments to proactively ringfence contracts and identify emerging trends.
- Analyse competitors' wordings to gain insights into prevailing market standards and enhance understanding of the operational practices within the UK market.
- Deliver training and awareness sessions to enhance stakeholder knowledge of policy wordings and contracts principles.
- Provide expert guidance on contractual matters to support business goals and risk management.
The EMEA Contracts & Wording team is responsible for drafting large‐risk insurance policy wordings and clauses, reviewing third‐party wordings, and providing expert consultation on contractual matters. We work closely with underwriters to ensure robust contract development while monitoring market trends to protect the company's interests. Our team also delivers specialized training to enhance organizational understanding of insurance contract principles.
You're a detail‐oriented professional who is passionate about underwriting and contractual precision. You thrive in collaborative environments where you can apply your analytical mindset to solve complex problems. Your communication skills allow you to explain intricate contractual concepts clearly to diverse stakeholders, and you are committed to continuous learning in an evolving insurance landscape.
Requirements- Demonstrated experience in underwriting or claims, with a solid understanding of insurance principles.
- Comprehensive knowledge of Casualty and FinPro wordings and their practical applications.
- Legal aptitude and exceptional attention to detail with ability to analyze complex contractual language.
- Track record of building strong relationships with underwriters and functioning as an integrated team member.
- Demonstrated ability to influence stakeholders and negotiate contract changes effectively.
- Strong ability to communicate effectively.
- Insurance education or Legal qualification.
- Experience working in international insurance markets.
- Knowledge of multiple lines of business beyond Casualty and FinPro.
- Proficiency in additional European languages.
Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.
For London, the annual base salary range for this position is between GBP 100,000 and GBP 150,000 for a full‐time role. The specific salary offered will consider the requirements, scope, complexity and responsibilities of the role, as well as the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience. In addition to the base salary, Swiss Re offers an attractive performance‐based variable compensation component designed to recognise achievements, along with a variety of global and location‐specific benefits.
Senior Insurance Contracts Specialist (Hybrid - 80-100%) in London employer: Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
Swiss Re is an exceptional employer that fosters a collaborative and innovative work culture, particularly within the EMEA Contracts & Wording team. Employees benefit from a hybrid work model, competitive salary packages, and performance-based incentives, alongside opportunities for professional growth through training and development in the dynamic field of insurance contracts. With a focus on precision and compliance, Swiss Re empowers its staff to make impactful contributions while navigating the evolving landscape of the insurance industry.
Contact Details:
Swiss Re - Schweizerische Rückversicherungs-Gesellschaft Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Insurance Contracts Specialist (Hybrid - 80-100%) in London
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance industry, especially those who work with contracts. A casual chat can lead to opportunities you might not find on job boards.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Casualty and FinPro wordings. Be ready to discuss how your experience aligns with the role and how you can contribute to the team.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've tackled complex contractual issues in the past. This will demonstrate your expertise and problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Senior Insurance Contracts Specialist (Hybrid - 80-100%) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences that align with the Senior Insurance Contracts Specialist role. Highlight your expertise in drafting and analysing insurance wordings, as well as any relevant collaborative projects you've been part of.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about insurance contracts and how your background makes you a perfect fit for our EMEA Contracts & Wording team. Don’t forget to mention your attention to detail and communication skills!
Showcase Your Analytical Skills:In your application, be sure to include examples of how you've tackled complex contractual issues in the past. We love seeing how candidates have used their analytical mindset to solve problems, so don’t hold back on those details!
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people in our team!
How to prepare for a job interview at Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
✨Know Your Contracts Inside Out
Before the interview, make sure you thoroughly understand the intricacies of insurance contracts, especially those relevant to the role. Brush up on Casualty and FinPro wordings, as well as any recent market developments. This will not only show your expertise but also your passion for the field.
✨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific contractual situations or challenges. Think about past experiences where you've had to analyse complex wording or negotiate contract changes. Be ready to share these examples to demonstrate your problem-solving skills.
✨Showcase Your Collaborative Spirit
Since the role involves working closely with underwriters and stakeholders, be prepared to discuss how you’ve successfully collaborated in the past. Highlight instances where your communication skills helped bridge gaps between teams or facilitated better understanding of contractual concepts.
✨Stay Updated on Industry Trends
Demonstrating knowledge of current trends in the insurance market can set you apart. Research recent changes or emerging risks in the industry and be ready to discuss how they might impact contract wording. This shows you're proactive and engaged with the evolving landscape of insurance.
