
Senior Insurance Contract Interpreter
4 days ago
This is an exciting opportunity for an ambitious and adaptable individual to join our team as a senior insurance contract interpreter. You will be responsible for analyzing, reviewing, and interpreting complex insurance clauses and wordings, with a focus on delivering timely and commercial solutions.
">- Our Global Team has an opportunity for you to work closely with key stakeholders to build new insurance products from scratch or refine or expand existing ones.
- You will have the chance to demonstrate your technical drafting skills and advisory services to underwriters, their clients and brokers in order to provide a service differentiator for us.
- As part of the Wordings team, you will collaborate with colleagues across the Legal Department and beyond (Claims, Compliance, Conduct Risk) in order to deliver on team goals, service delivery requirements and internal projects.
Key Responsibilities:
- Analyzing - reviewing our existing products, new products and those of our competitors, including analysis and explanation of individual clauses right through to entire product wordings, always with a focus on delivering a timely and commercial solution to any issue raised.
- Creating & Innovating - working closely with key stakeholders to build new insurance products from scratch or refine or expand existing ones.
- Teamwork - collaborating with colleagues across the Wordings team, the wider Legal Department and beyond (Claims, Compliance, Conduct Risk) in order to deliver on team goals, service delivery requirements and internal projects.
- Training and Developing - sharing best practice solutions across the wider business and more junior wordings colleagues, delivering presentations to underwriting teams, providing pre-bind and post-bind technical wording advice.
Required Skills and Qualifications:
- Relevant experience in (re)insurance contract interpretation/advisory, claims management, or underwriting, preferably supported by legal qualifications.
- Applicants who are admitted lawyers or legal practitioners, with experience in insurance (Contracts/Wordings related), are welcome to apply.
- Ability to interpret and analyze (re)insurance clause and/or wording requests and to satisfy these by drafting your own (re)insurance clauses and wordings from scratch in a clear and robust manner (in English).
- Comprehensive understanding of what the business, legal and compliance needs are for individual insurance classes, with a focus on non-consumer type insurance products.
Benefits:
- A competitive compensation package that takes care of your health, wellbeing, lifestyle and financial security.
- Enhanced family-friendly leave benefits.
- Named to the Diversity Best Practices Index.
- Signatory to the UK Women in Finance Charter.
Others:
- We're committed to equal employment opportunity and consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
- AXA XL is known for solving complex risks.
- Our Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security.
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