At a Glance
- Tasks: Develop and implement insurance products while collaborating with a diverse, high-performing team.
- Company: Join a global leader in insurance with a focus on innovation and teamwork.
- Benefits: Enjoy personal development courses, international mobility, and a strong work-life balance.
- Other info: Dynamic, multicultural environment with excellent career progression opportunities.
- Why this job: Make an impact in the insurance industry while working with cutting-edge technology.
- Qualifications: 3+ years in policy creation or underwriting; strong communication and analytical skills required.
The predicted salary is between 50000 - 60000 £ per year.
About the role
As a Product Expert (m/f/d) you will be an active part of a multicultural and high-performing team that drives the Line of Business “Specialty Lines”. Reporting to the Head of Product for Specialty Lines, and working closely with the other Product Experts, you will support the development and implementation of our Insurance and Service Products in an international context (35 Business Units globally) with a focus on the UK. Our main products include Mobile Devices and Appliances Insurance, Automotive Warranty and Digital Risks Insurance.
What you will do
- Developing Terms & Conditions for Global Products: product description, conditions, definitions.
- Adapting Terms & Conditions to local or global multi-country deals (individual policies, group policies, CLIPs etc.).
- Steering the localization of Terms & Conditions of harmonised Master Global Product in local languages supported by Global Legal department.
- Analysing new business opportunities and product deviations submitted, making recommendations and taking decisions fitting with the Lob strategy.
- Maintaining all necessary databases and reports to track and store product activities and deviations.
- Working closely with Underwriting and Product Innovation teams for new innovative risk, product or services and updating the Master Global Product roadmap.
- Leading the product harmonization and the simplification of all markets’ portfolios and new business according to the global product strategy.
- AI Readiness- Work effectively in an environment shaped by artificial intelligence (AI), machine learning, data, analytics and cloud-based tools, using insights responsibly with our standards of data governance, security and ethical use.
What you will bring
- 3+ years experience, preferably in the creation of Policy Wordings, Underwriting or Contract Management.
- University degree in business, law, economics or a related field.
- Willingness to work in an international environment on a daily basis.
- Very structured and detail-oriented way of working.
- Strong and precise communication skills and ability to work with legal experts.
- Resourcefulness and openness to challenges.
- Very good knowledge of English (min. C1).
- Good knowledge of MS Office programs (Word, Power Point, Excel).
Key benefits
Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs, ambitions and we enjoy being a part of their journey. We are there to empower and encourage you with your personal and professional development ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is key priority for us. This is why we build Work Well programs to providing you with peace of mind and give the flexibility in planning and arranging for a better work-life balance.
UK Product Expert - LoB Specialty Lines in London employer: Ultimate.ai
As a UK Product Expert in Specialty Lines, you will thrive in a dynamic and multicultural environment that values your unique contributions and fosters professional growth. With a strong emphasis on employee development, our company offers extensive training programs and international mobility opportunities, ensuring you can advance your career while maintaining a healthy work-life balance through our comprehensive Work Well initiatives. Join us to be part of a forward-thinking team that embraces innovation and collaboration in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land UK Product Expert - LoB Specialty Lines in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Ultimate.ai). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Ultimate.ai. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace UK Product Expert - LoB Specialty Lines in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Ultimate.ai.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Ultimate.ai. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Ultimate.ai
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Ultimate.ai to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Ultimate.ai, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Ultimate.ai's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
