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Underwriting Product Specialist

Posted 23 Sep 2022
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Work experience
2 to 4 years
Full-time / part-time
Full-time
Job function
Degree level
Required languages
English (Fluent)
Dutch (Fluent)

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Zurich Insurance has an excellent opportunity for an Underwriting Product Specialist to become part of the team that manages the underwriting governance and compliance framework and that drives continuous improvement of Underwriting. Your focus will be on technical product development and wording expertise.

In this role you will take up projects to make sure we develop products that meet the customers’ needs as well as the underwriting and regulatory requirements. As a business partner, you are hands-on and expected to actively participate in drafting (manuscript) wordings and conditions to support the different stakeholders within Zurich.

Please note that for this vacancy we are not using any recruitment agencies and aim to recruit direct. Thanks to all agencies for respecting this.

Your role

Your interest and (ideally) experience lay within any part of legal with a connection (and again interest) to underwriting language.

You support Underwriting by expanding the product landscape and you demonstrate a high motivation to develop specialized knowledge and expertise in insurance products, industries and markets. You will take the lead of the development and review of products and secure the governance and regulatory standards of products in order to define the organization's policy position and ensure compliance with regulators.

In this role you are the key person for both the business and the legal and governance framework where you interpret and translate the obligations into pragmatic solutions.

Your responsibilities are:

  • Interpret, create, translate and explain wording language of multiple products and Lines of Business
  • Lead the proposition development within Underwriting and takes the ownership of the corresponding controls
  • Coach Underwriting on the intent of critical policy provisions and new products
  • Identify market standard product opportunities based upon the latest product line and industry trends
  • Support and drive The Zurich Way of Underwriting in collaboration with designated contacts in the business unit
  • Help driving the consistency of underwriting across business units through common methodology, tools and assumptions, underwriting governance and compliance
  • Oversee the internal control framework for underwriting and carry out regular risk assessments and ensure compliance with any Group risk mitigation actions and translate them into pragmatic solutions for underwriters
  • Maintain the underwriting policy and guideline control framework and provide input into Group Underwriting policies and guidelines, exchange and discuss approach and practical solutions with internal Benelux stakeholders and/or Zurich Group

Summarizing the key parts of the role are: assurance, enable growth by projects on continuous improvement and expand the inhouse knowledge and expertise in Underwriting

Requirements/Profile

  • Minimum Bachelor’s Law degree with ideally you have 2 to 3 years of working experience in a similar working environment
  • Fluent in English and Dutch. French is a plus.
  • Very organized way of working and smart time management combined with Project management skills being able to run multiple projects at the same time with different scopes and deadlines
  • Analytical skills, attention to detail and a persuasive, strong and confident communicator to connect in the discussion with your stakeholders
  • Team player and independent worker being able to make own decisions and take ownership
  • Drive and enthusiasm seeking for continuous improvement to drive the business and organization

We offer

An international, entrepreneurial and informal working environment with professional growth and development opportunities and salary and benefits in line with your experience and your future role and responsibilities.

Who we are

Zurich Commercial Insurance Benelux is part of the Zurich Group and is one of the most specialized insurance companies within non-life insurance for local and international business in the Benelux market. Looking for a challenging and inspiring work environment where you can make a difference? At Zurich millions of individuals and businesses place their trust in our products and services every day.

With about 55,000 employees serving customers in more than 170 countries we aspire to become the best global insurer as measured by our shareholders, customers and employees. If you're interested in working in a dynamic and challenging environment for a company that recognizes and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you.

Insurance
Den Haag
Active in 170 countries
180 employees
60% men - 40% women
Average age is 43 years