At a Glance
- Tasks: Lead innovative product development in the North American Casualty insurance sector.
- Company: Dynamic insurance firm based in London with a focus on innovation.
- Benefits: 25 days annual leave, private healthcare, hybrid working, and pension contributions.
- Other info: Collaborative environment with opportunities for professional growth and community impact.
- Why this job: Shape the future of casualty insurance with cutting-edge solutions and data-driven insights.
- Qualifications: Qualified actuary with strong casualty insurance knowledge and commercial mindset.
The predicted salary is between 75600 - 92400 £ per year.
We are seeking an experienced and commercially minded insurance professional to lead Product Development & Innovation within our North American Casualty team. Based in London, this role will bridge broking, actuarial and data & analytics capabilities, applying technical insight to develop differentiated client solutions, improve placement outcomes and create new products and facilities. The successful candidate will combine strong casualty and actuarial expertise with the commercial mindset and market orientation of a senior broker.
The Role:
- Responsibilities:
- Product Development & Innovation
- Identify market gaps and opportunities for new casualty products, facilities and risk solutions
- Lead product development from initial concept through analytical validation, insurer engagement and launch
- Develop scalable propositions using exposure, claims and third-party data to improve risk differentiation
- Build commercial cases for new products and innovation initiatives
- Champion pilot programmes and product testing in collaboration with clients and carriers
- Broking & Placement Support
- Operate as a senior technical and commercial resource within the North American Casualty team
- Support complex placements, client RFPs and new-business opportunities
- Work with broking teams to prepare and articulate data-led underwriting submissions
- Engage insurers to develop new capacity solutions and communicate analytical insights around risk quality
- Combine market intelligence, insurer appetite and analytics to identify placement opportunities
- Provide technical, industry and subject-matter expertise where required
- Actuarial, Data & Analytics
- Apply actuarial expertise to pricing, loss trends, benchmarking, portfolio segmentation and casualty analysis
- Work with broking and Data & Analytics teams to translate technical analysis into commercial recommendations
- Identify opportunities to use data to improve risk selection, programme design and placement outcomes
- Explore practical applications of AI, machine learning and emerging technology within casualty
- Support the development of analytical tools and capabilities that can be embedded within broking workflows
- Client Service & Business Advisory
- Understand clients' businesses and risk management needs and develop tailored solutions
- Act as a senior technical adviser where actuarial analysis, data or product innovation can enhance the client proposition
- Present complex analytical concepts clearly to clients, brokers and insurers
- Develop strong relationships with clients, markets and internal partners
- Build connectivity between Broking, Actuarial, Data & Analytics and Technology
- Help develop greater analytical capability and adoption across the casualty broking team
- Always operate within the business's policies and procedures
Qualifications
- Qualified or credentialed actuary with significant P&C/general insurance experience
- Strong casualty insurance knowledge, ideally including North American liability
- Experience applying actuarial analysis to pricing, portfolio analysis, risk segmentation and benchmarking
- Commercial and client-oriented, with the ability to translate complex analysis into clear, actionable insights
- Strong understanding of insurance markets and the perspectives of clients, brokers and underwriters
- Experience developing insurance products, facilities or data-led propositions
- Comfortable working across broking, actuarial, analytics and technology teams
- Strong communication, influencing and stakeholder management skills
- AI, machine learning and/or data science experience advantageous
- A proactive, innovative and collaborative approach
- Degree-level education or comparable industry experience
What we offer:
Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
Equal Opportunity Employer
We're committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email.
Head of Product Development & Innovation - North American Casualty in London employer: WTW group
WTW group offers a dynamic work environment that fosters collaboration and innovation, as seen in roles like the Global Marine Marketing Lead, which emphasizes teamwork and strategic engagement. The company provides opportunities for professional growth through hands-on experiences, such as internships and graduate programs in Insurance Technology, allowing employees to develop practical skills in a supportive setting. Additionally, WTW group is committed to maintaining high standards of service and governance, ensuring a stable and rewarding workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Product Development & Innovation - North American Casualty 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 WTW group). 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 WTW group. 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 Head of Product Development & Innovation - North American Casualty 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 WTW group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at WTW group. 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 WTW group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at WTW group 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 WTW group, 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 WTW group'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.
