PRS Product Development Specialist
| Company | Chubb |
|---|---|
| Location | Bedminster, NJ, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | |
| Experience Level | Junior, Mid Level |
Requirements
- Ability to research and analyze competitor policy language
- Understanding of emerging risks and hazards impacting personal lines insurance
- Ability to draft accurate policy language
Responsibilities
- Develop insurance contract language for Chubb’s non-admitted personal lines products
- Develop and enhance personal lines surplus lines insurance policies, ensuring they align with company strategy and regulatory standards
- Adapting contract language to align with underwriting intent and strategy
- Drafting accurate policy language and developing quality contract mockups in a timely manner
- Participate in IT testing of policy wording to ensure accuracy, functionality, and compliance with requirements
- Scheduling and facilitating policy review meetings with stakeholders
- Facilitate and conduct policy wording training with underwriters and operations team members as needed
- Creating and maintaining accurate documentation and templates
- Collaborating with Legal to ensure that policy language is accurate, complies with applicable laws and meets business objectives
- Collaboratively work with a variety of stakeholders, such as Underwriting Managers, Underwriters, Project Managers, Operations, Legal and IT
- Respond to ad hoc business requests that may include: coverage questions, product analysis, review of communications for accuracy and alignment to strategies, and historical research on prior projects
- Document all work to meet internal compliance standards and achieve favorable audit results
Preferred Qualifications
-
No preferred qualifications provided.