At a Glance
- Tasks: Support product development and collaborate with experts to create innovative insurance solutions.
- Company: Join a leading property casualty insurer with a strong commitment to community and innovation.
- Benefits: Enjoy flexible hybrid work, competitive salary, private medical insurance, and generous holiday entitlement.
- Other info: Be part of a diverse team with excellent career growth opportunities and a focus on wellness.
- Why this job: Make a real impact by developing products that serve customers and enhance their experience.
- Qualifications: Experience in commercial underwriting and a passion for product development are essential.
The predicted salary is between 37800 - 46200 £ per year.
Taking care of our customers, our communities and each other. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration.
Support the Technical Product development for new or updated products, working closely with the Subject Matter Expert (Portfolio/Product Manager, Managing/Senior Underwriter). Deliver the following, within agreed timelines, for new/updated products:
- Underwriting: development of appropriate appetite, underwriting parameters including capacity deployment, line size, new and renewal program rules, question sets, ensure reinsurance cover alignment, and risk survey parameters for product lines or industries.
- Product UW guides/guidance/bulletins and update as part of the product development process.
- Draft technical product underwriter training.
- Prepare collaterals to support the review and agreement of aspects of the technical product development process noted above.
Technology: provide technical consultation on the design and implementation process of the technology platform to ensure successful integration or conversion of the new or updated product including IT scope (e.g. Management Information requirements, Policy Schedule design and production, Product configuration) and oversight the testing of UW systems. Contribute to the development of technical underwriting/broker training material to accompany product launch and assist with delivery as required by the SME.
Ensure that you keep abreast of market activity with regards the product content across first and third-party lines of business. Have an understanding of the reinsurance treaty policy content requirements and restrictions across BI. Thorough understanding of Business Insurance products, systems, contracts, forms, coverage, distribution channels, regulatory environment and insurance financials.
Financial Acumen, Presentation Skills, Networking, Risk Selection and Critical and Analytical Thinking. Good working knowledge of Microsoft Office packages, including Word, Excel and Powerpoint.
Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan.
Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
Product Development Specialist in Birmingham employer: The Travelers Indemnity Company
Travelers Europe is an exceptional employer that fosters a culture of innovation and collaboration, making it a great place for a Senior Private Client Solicitor to thrive. With a strong commitment to employee well-being, the company offers a hybrid working model, generous holiday entitlement, and a comprehensive wellness programme, ensuring that employees can balance their professional and personal lives effectively. Additionally, the emphasis on community involvement and professional development creates a rewarding environment where individuals can grow and contribute meaningfully.
Contact Details:
The Travelers Indemnity Company Recruitment Team
