Our client, a leading P&C Insurance Carrier are seeking an Insurance Coverage Specialist to work on a broad spectrum of P&C policy forms, including bureau (mostly ISO), admitted, surplus lines, company specific and manuscript wordings. The priority is drafting commercial lines policies and endorsements – primary casualty, excess liability, umbrella, professional liability, property, first-party insurance, and speciality lines.
Insurance Coverage Specialist:
· Provides expert advice on the research, creation and maintenance of coverage language.
· Works collaboratively with the underwriting divisions on coverage’s for product development, competitive analysis, line of business initiatives and emerging issues.
· Aligns coverage with profitability, growth and retention objectives of the company.
· Identifies coverage that deviates from current standard forms or common industry practices, or that does not reflect the underwriting intent.
· Furnishes constructive wording alternatives for company use.
· Delivers guidance to underwriters, senior management and others involved in policy wording decisions.
· Viewed as a mentor on policy wording issues for underwriters.
Additional Responsibilities
· Keeps current on insurance policy wording developments, ISO’s research, emerging issues and competitors’ forms to communicate to underwriters and senior management the importance and impact of proposed wording changes.
· Continually develops specialised knowledge of P&C lines of business to identify wording solutions for the policy structures that meet the business needs.
· Collaborates with other Insurance Coverage Specialists, Reinsurance Contracts Specialists, Underwriters, Claims, Regulatory Specialists and Legal colleagues to improve wordings.
· Prioritizes, organizes and optimizes workloads to promote cost-effective delivery and support for coverage documents.
· Develops and implements Admitted Form Filings with the underwriting divisions and regulatory unit.
· Sets challenging goals and works to meet them.
· Effectively manages time and meets deadlines.
Role Qualifications and Experience
- College degree required. CPCU designation preferred.
- Sustained track record in an Insurance Coverage Specialist, Insurance Policy Analyst, Insurance Product Analyst or similar position. Underwriters, Claims/ Legal Professionals with at least five years of coverage experience may also be considered.
- Extensive knowledge of surplus lines and admitted insurance standards, practices and principles.
- Strong knowledge of optimizing insurance policy wording and features to lines of business.
- Reinsurance contract wording experience a plus.
- Excellent analytical and communication skills.
- High attention to detail and accuracy.
- Ability to work independently and collaborate with colleagues within and across departments.
- Excellent technology skills, including Word, Adobe, Excel, SharePoint and Outlook. Use of AI or LLM a plus.
- Additional consideration may be given for being an active contributor to ISO’s Panels or an insurance trade association’s committees.
If interested, please apply for a confidential call today!
