GB Retail Facility - Insurance Product Technician

GB Retail Facility - Insurance Product Technician

The Role

As a Product Technician in the GB Retail Facility team you will be responsible for:

• Supporting the Facilities Product Development Manager with drafting updates to facility products, ensuring that any changes are compatible with the facility wordings.
• Working with 360GBR wordings team to draft endorsements/cover requirements that are compatible with the facility products
• Working with internal and external stakeholders to undertake periodic reviews of facility products to ensure that they continue to offer broad coverage.
• Undertaking competitor product analysis as part of the facility product review process.
• Drafting complex GB Retail facility property/business interruption and liability schedules for large UK and multinational clients
• Keeping abreast of emerging issues and market developments and their potential impact on insurance products.
• Ongoing engagement with stakeholders to ensure that the facility products reflect changes in regulation and market developments.
• Ongoing engagement with insurers to ensure that the facility documentation continues to reflect their latest statutory disclosures/notices.
• Supporting the Product Development Manager with the creation and issuance of product literature and communication
• Working with the Product Development Manger to deliver product training presentations to internal and external stakeholders as required.
• you will be the focal point for the client facing teams in relation to technical queries on facility products;
• Looking for opportunities to optimise the growth and retention of business placed on the facility through product development.
• Supporting the GB Retail Facilities Management team with new facility proposition tender exercises when required

The Requirements

• Good knowledge of property/business interruption and liability policies and can explain in detail what standard sections of these policies cover.
• Ability to draft changes to policy wordings accurately using compatible language
• Knowledge of Motor Fleet and Group PA travel classes and Global placements - not a prerequisite but would be desirable.
• Ability to negotiate with both internal and external stakeholders.
• Ability to prioritise and manage workload and work to challenging deadlines.
• Works well in a team environment but also under own initiative.
• Minimum five years commercial insurance experience.
• DIP C.I.I. qualified or progressing towards.
• Competent in Microsoft Office products in particular Word.

Equal Opportunity Employer

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.

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.