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Location

Ipswich, Suffolk | United Kingdom

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Job description

Corporate Risk and Broking

Corporate Risk and Broking (CRB) provides a broad range of risk advice and insurance broking services to clients ranging from small businesses to multinational corporations.We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify, mitigate, and transfer risk, taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results.

The Role

To provide technical support to client and broking teams to ensure contact certainty. Review, improve and amend wordings. Develop best practice wordings and clauses.

Principal Responsibilities:

• Review and provide commentary on contract wordings
• Recommendation amendments and improvements to contract wordings
• Review carrier produced documentation
• Resolve contract wordings queries from Clients, Client Teams, Brokers
• Provide technical advice to sales/client team and network on Wordings related matters
• Provide comparisons between differing wordings
• Analyse / imagine claims scenarios to stress test wordings
• Draft contract Wordings and Endorsement, where required
• Assist with the negotiation of contract wordings with insurers
• Attend client team, client and Insurer meetings where required
• Draft and/or present training material (as and where required)
• Review of Market Reform Contracts (Slip/MRCs), as required
• Monitor and prioritise own work using tracking systems
• Maintain electronic wordings files, ensuring the appropriate file retention policy for UK Liability business is adhered to
• Establish and maintain good working relationships with stakeholders
• Liaise with Corporate Departments to oversee/maintain Market Reform Contract templates to ensure they meet the current needs of the GB Retail Liability business unit. Keep the business unit apprised of all updates (if required)
• Represent the GB Retail Wordings Team on internal and external committees where required
• Wordings-related ad hoc tasks, as required.

The Requirements

Key professional/technical knowledge and skills (Qualifications where applicable):

• Good understanding of insurance and insurance contract law
• In-depth understanding of the base wordings and standard clauses of one specialist class (Liability – UK and International)
• Knowledge of other classes of insurance contract wordings would be ideal (Motor, Group Personal Accident and Travel (as and when required))
• In-depth understanding of the risks associated with one specialist class of insurance (Liability)
• Good understanding of global/multinational placements
• Excellent understanding of MRC/slip construction and content
• Excellent communications skills (written and verbal)
• Ability to turn insurance coverage requirements into clear, unambiguous and accurate written wording/policy documentation
• Understanding of recent market developments in contract wordings
• Good IT skills (word essential, PowerPoint and excel ideal)

Key capabilities

• Attention to detail is vital to succeed in this role
• Organising and planning (including own time)
• Evaluating Problems / Investigating
• Managing Self development
• Focusing on Customer requirements
• Adjusting to Change
• Building Relationships
• Ability to work independently and as part of a team
• Ability to work under pressure and meet tight deadlines
• Should be a quick learner and team player
• Good knowledge, an advantage

Values

• Leadership - To achieve business results through planning, organising and directing the work of others.
• Client Relationship - To generate income for the Group by working directly for and with external clients.
• Technical/Professional - To add value to the business by applying their professional knowledge and expertise.
• Business Support - To provide back-up and support to colleagues and managers in order to allow others to concentrate on the focus of their role and the profitability of the business.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

Equal Opportunities Employer

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Job tags

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Salary