Wordings Analyst

AIG

  • London
  • Permanent
  • Full-time
  • 1 month ago
At AIG and Talbot, we are reimagining the way we help customers to manage risk. Join us as a Wordings Analyst to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.Make your mark in Talbot UnderwritingTalbot operates within the Lloyd's Insurance Market through Syndicate 1183 and Syndicate 2019. With an expert team of highly skilled and experienced underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry leading insurance specialist.Talbot writes a diversified portfolio including Crisis Management, Energy, Financial Lines, Marine, Political Risk, Property and Terrorism. Drawing on our deep industry expertise, Talbot develops tailored insurance solutions that address clients' evolving and often unique needs.Syndicate 2019 provides Lloyd’s investors with access to AIG’s Private Client Select (PCS) portfolio.Part of AIG since 2018, Talbot is committed to working with brokers and clients to deliver industry leading solutions. It is headquartered in London with offices in New York and Singapore.How you will create an impactYou will be an integral part of our Underwriting Management team and play a key role in the Wordings function, to ensure compliance with the Lloyd’s Minimum Standards, the Contract Certainty Code of Practice and London Market Group guidelines;Responsibilities include but not limited:Provide technical analysis of insurance contracts across Property, Specialty and Marine classes;
Provide technical advice and guidance on wordings related matters at pre-placement, placement and post placement stage of the insurance transaction;
Review, check and, where required, draft (re-draft) policy wordings, clauses, addenda, documents submitted to the Syndicate, whether market standard, carrier or bespoke;
Assist Underwriters with securing formal agreement of wordings; liaising with Brokers if required;
Resolve ad hoc wordings related queries from Underwriters and, where required, Brokers;
Provide comparisons between differing wordings; including where new wordings are published by the AIG Group and/or LMA;
Assist Underwriters with development/drafting of new “Talbot” badged product wordings;
Provide input into the Product Oversight Group (POG), specifically where Product Reviews are required;
Assist with the proactive management/maintenance of the Talbot Wordings Library for all approved policy wordings, clauses and associated documentation;
Establish and maintain good working relationships with Underwriters within the Company (worldwide) and with other Wordings personnel within the wider AIG Group;
Work closely with Legal and Compliance functions on legal and regulatory matters related to wordings;
Attend LMA Wordings Forum or other Market meetings of relevance to the Syndicate and wider Business;
Attend internal or external courses, seminars to generally keep your Technical knowledge and level up to date (e.g. fulfil C.I.I. CPD annual minimal number of hours, 15 hours CPD required for IDD purposes).What you’ll need to succeed
  • 3-5 years experience in either a Wordings, Underwriting or Claims role
  • Broad insurance knowledge ideally with technical knowledge of multiple products lines or the desire to learn new ones
  • Experience of drafting and/or reviewing insurance contracts;
  • Knowledge of insurance contracts and the wording and policy process, for both open market and delegated business;
  • Good working knowledge of the MRC, construction and content;
  • Good understanding of insurance and insurance contract law and regulatory requirements, Lloyd’s Wordings Repository, Lloyd’s Crystal and other regulatory tools
  • .Excellent attention to detail; completer/finisher;
  • Ability to discuss and explain contractual language to various audiences/stakeholders including brokers, underwriters and trainees;
  • Ability to learn in order to turn insurance coverage requirements into clear, unambiguous and accurate written wording/policy documentation, whilst complying with regulatory requirements;
  • Knowledge of and competency with using the Lloyd’s Wordings Repository (LWR) market database.
Ready to take your career to the next level? We would love to hear from you.#LI-AIGAt AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.Enjoy benefits that take care of what mattersAt AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.Welcome to a culture of inclusionWe’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to .Functional Area: UW - UnderwritingTalbot Underwriting Services Ltd (TS1)

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