Liability Wordings Specialist - Ipswich, United Kingdom - Willis Towers Watson
Description
Liability Wordings Specialist- Ipswich, GB
Principal Duties/Responsibilities
- Detailed understanding of the structure, content of North American Casualty Contract Wordings, in particular the General Liability ISO forms, Umbrella Liability forms and the Bermuda "Occurrence Reported" Form.
- Review and issuance of carrier produced documentation.
- Drafting of contract Wordings, where required by the business unit.
- Review of/commentary on contract wordings.
- Recommendations for amendments to contract wordings.
- Understanding of recent market developments in contract wordings.
- Assistance with the negotiation of contract wordings with insurers.
- Liaise with Corporate Departments to oversee/maintain Market Reform Contract (Slip). templates to ensure they meet the current needs of the North American Casualty business unit.
- To provide technical training to placing teams on North American Casualty insurance.
- Provide technical advice to sales team and network on wordings related matters.
- Review of Market Reform Contracts (Slip/MRCs), as required.
- Resolve contract wordings queries from Clients, Insurers and Network.
- Provide comparisons between differing wordings when required.
- Monitor and prioritise own work using tracking systems.
- Maintain electronic (or paper) wordings files, ensuring the appropriate file retention policy for US Casualty business is adhered to.
- Establish and maintain good working relationships with key carrier contacts.
- Wordingsrelated ad hoc tasks, as required.
Qualifications - External
The Requirements
- Good understanding of insurance and insurance contract law.
- Indepth understanding of the base wordings and standard clauses of one specialist class.
- Indepth understanding of the risks associated with one specialist class of insurance.
- Excellent understanding of MRC/slip construction and content.
- Ability to turn insurance coverage requirements into clear, unambiguous and accurate written wording/policy documentation.
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