At a Glance
- Tasks: Lead technical policy wordings and product development for innovative Business Insurance solutions.
- Company: Join Travelers, a top property casualty insurer with a culture of innovation and collaboration.
- Benefits: Enjoy hybrid work flexibility, competitive salary, and opportunities for professional growth.
- Why this job: Make a meaningful impact on underwriting strategies while gaining invaluable experience in a dynamic environment.
- Qualifications: Solid experience in commercial underwriting and strong leadership skills required.
- Other info: Collaborative atmosphere with a focus on diversity and inclusion.
The predicted salary is between 48000 - 72000 £ per year.
Who Are We? Taking care of our customers, our communities and each other. That’s the Travelers Promise. 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. Imagine loving what you do and where you do it.
What Is the Opportunity? Join us for a 12 month fixed term opportunity where you'll take the helm of technical policy wordings and product development, driving innovation across our Business Insurance portfolio. You’ll help shape market-leading wordings and products while collaborating with talented teams throughout our organisation to execute both strategic long-term vision and tactical short-term initiatives. This is your chance to make a meaningful impact on our underwriting strategies, directly contributing to profitable growth while gaining invaluable experience in a fast-paced, results-driven environment. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
What Will You Do? Leading the technical product development team, you will be responsible for developing an appropriate UW appetite and underwriting parameters for new and updated products. This includes the preparation and maintenance of product materials and any collaterals. Negotiate with stakeholders around the business to agree priorities and execute within agreed timescales. Ensure we have customer centric, robust and accurate coverage configurations; providing technical input to Propositions team and SMEs regarding the review of competitor information. Ensure you have a full understanding of the reinsurance treaty policy requirements and restrictions across Business Insurance. Oversight of our coverage solutions, ensuring consistent drafting conventions, version control, commonality for all Travelers Europe model wordings, control and acceptability (to TRV) on Market, Broker/MGA/DUA wordings. Keep abreast of any market, legislative and compliance activity to ensure our product and policy wordings are compliant across first and third party lines of business. Consult with relevant colleagues in respect of emerging issues, corporate underwriting stance, coverage and product development. Work with IT to ensure that the scope, design and implementation of products (new or existing) and any wording or endorsement changes are successfully implemented within the agreed timeframes. Ensure that any changes are communicated effectively to all impacted and ensure the appropriate training is delivered in a timely and effective basis. Establish and maintain collaborative relationships with colleagues in Head Office and with all Business areas as needed. Perform other duties as assigned.
What Will Our Ideal Candidate Have? Solid experience in commercial underwriting and product within the property and casualty industry. Leadership skills with the ability to manage change, develop employees, and align resources to accomplish key objectives. Strong written and verbal communication skills with the ability to influence various audiences across the enterprise. Strong relationship building skills with the ability to work independently and collaboratively with internal and external partners. Proficiency in Microsoft Excel, Word, PowerPoint, and Teams.
What is a Must Have? Previous Commercial Insurance experience with deep knowledge of product, underwriting coverage.
Employment Practices: Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
Head of Wordings and Product - 12 month fixed term contract in London employer: Travelers
Contact Detail:
Travelers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Wordings and Product - 12 month fixed term contract in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about letting people know you’re on the lookout for opportunities. You never know who might have the inside scoop on a role that’s perfect for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their products and services, especially in underwriting and product development. This will help you tailor your responses and show that you’re genuinely interested in making an impact at Travelers.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of Head of Wordings and Product. Highlight your leadership skills and how you can drive innovation in their Business Insurance portfolio.
✨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 serious about joining our team and contributing to our mission of taking care of our customers and communities.
We think you need these skills to ace Head of Wordings and Product - 12 month fixed term contract in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Head of Wordings and Product role. Highlight your experience in commercial underwriting and product development, and show us how you can drive innovation in our Business Insurance portfolio.
Showcase Your Leadership Skills: We want to see your leadership abilities shine through! Share examples of how you've managed change and developed teams in your previous roles. This will help us understand how you can lead our technical product development team effectively.
Communicate Clearly: Strong written communication is key for this position. Make sure your application is clear, concise, and free of jargon. Use straightforward language to convey your ideas and experiences, so we can easily see your fit for the role.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our innovative and collaborative culture.
How to prepare for a job interview at Travelers
✨Know Your Stuff
Make sure you brush up on your knowledge of commercial underwriting and product development. Familiarise yourself with the latest trends in the property and casualty industry, as well as the specific products offered by the company. This will help you speak confidently about how your experience aligns with their needs.
✨Showcase Your Leadership Skills
Since this role involves leading a team, be prepared to discuss your leadership style and past experiences. Think of examples where you've successfully managed change or developed employees. Highlight how you can align resources to achieve key objectives, as this will resonate well with the interviewers.
✨Build Relationships
Emphasise your relationship-building skills during the interview. Share examples of how you've collaborated with internal and external partners in previous roles. This is crucial for a position that requires working closely with various teams, so showing that you can foster strong connections will set you apart.
✨Communicate Effectively
Strong written and verbal communication skills are essential for this role. Practice articulating your thoughts clearly and concisely. Be ready to discuss how you've influenced different audiences in the past, as effective communication will be key in negotiating with stakeholders and delivering training.