Role: Wordings Analyst
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid
This role will support the Head of Wordings in the drafting and review of insurance and reinsurance documents and other contract documents pertaining to the (re)insurance business such as delegated authority agreements, ensuring that such documents are commercially appropriate, legally enforceable, compliant, and fulfils the requirements of contract certainty, consumer duty, by:
- Minimising use of unclear terms;
- Highlighting risk exposure, especially created through third party drafting;
- Raising awareness of (re) insurance issues that may have an impact on wordings;
- Championing clarity of structure and drafting recognising that, whilst commercial considerations and market conditions may drive decisions, MSAUL Wordings can promote continuous improvement; and
- Promoting the MATTER values, adopting a consistent style and, whenever possible, harmonised structure, terms and drafting principles.
About The Job
What you’ll spend your time doing:
Development and management of wordings strategy
- To help implement the Wordings Control Framework in conjunction with Senior Analysts and the Head of Wordings
- To help manage a wordings repository containing an up to date suite of agreed wordings for all lines of business.
- maintain management information in support of the wordings strategy.
Wording Production
- To support the business by reviewing documentation associated with prospective and approved opportunities
- To ensure documentation complies with relevant law and regulation, consistent with commercial appetite and underwriting and claims philosophies
- To support the companies by drafting and reviewing (re)insurance wordings, clauses and endorsements including policy summaries, Key Facts, ICOB required documentation and associated policy pack supporting documentation
- To provide technical input on complaints, coverage queries and disputes
- To provide technical support and training to company personnel as required
- Liaise with brokers, Reinsurers, MGAs/Coverholders and other such parties to ensure the best outcome for the Company at the outset of the discussions and through the period of the agreements and policies
Service Management
- maintaining working relationships with the other business partners including, but not limited to, Claims or Underwriting teams,
- acting as a technical reference point on wordings and coverage for all territories and business lines within the Business.
- Keeping up to date with new products and business opportunities and monitor market, Lloyd’s, legal and regulatory changes which may affect policy wordings
- keeping updated guidance materials and toolkits for the company.
- Acting at all times in accordance with the Company's and the MSIG Group’s code of conduct and best practice standards.
- Maintaining compliance with any applicable UK or international statutory or regulatory obligation as required by the role. This includes but is not limited to obligations arising from:
- The prudent management of the business
- Placing due regard on the interests of customers
- Observing rules on sanctions and financial crime
- Regulatory requirements and local licensing restrictions
- CPD in line with IDD requirements
Planning, Organising & Communication
- Self-starter, who can manage themselves effectively, communicates tasks and objectives clearly and ensure time is fully utilised.
- Communicates clearly to the relevant underwriting teams and the Head of Wordings.
- Ensures urgent and important tasks are completed first.
- Can manage own tasks effectively: Uses simple tools and systems to structure personal activities (e.g. to do lists, follow up procedures).
- Quickly and accurately reports on the status of work.
- Meets deadlines by managing time.
- Ability and confidence to change/ direct wording appetite as and when required
What skills you’ll need:
Demonstrable experience and skills in the following areas:-
- Experience of working within the London insurance/reinsurance market
- Experience with the drafting and review of complex wordings,
- Ability to both support and challenge Underwriting staff
- Strong technical knowledge of Insurance wordings
- Comprehension of the Lloyd’s regulatory framework, subscription market, Xchanging, etc
- Good Communicator both in writing and orally.
You’ll also need:
- Experience of Lloyd’s web based tools such as the QA tool, Crystal, Wording Repository etc.
- Experience of Market Reform Contracts
- Experience of insurance policy legislation
- Experience of working within a wording / document production environment including advanced word processing and typing skills.
- Experience of direct contact with external parties (such as Brokers).
- Experience of underwriting systems and underwriting processes.
- Experience of workflow systems.
We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!
What Can You Expect From Us?
As well as a competitive base salary and performance related discretionary bonus, here is a link to our employee benefits - Benefits of working at MS Amlin | MS Amlin
Hybrid Working
At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.
About MS Amlin
MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd’s of London, the Middle East, and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST - Transparency, Responsiveness, Understanding, Solution-driven thinking, and Technical expertise. This defines how we manage claims and build lasting relationships.
DE&I at MS Amlin
We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.
MS Amlin is proud to be one of the founding partners of Lloyd’s Inclusive Futures programme which aims to get more Black and ethnically diverse people into the insurance industry - supporting them all the way from the classroom to the boardroom. Visit this link (Inclusive Futures Impact Report) to find out more about the programme and its aims and achievements so far.
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