Wordings Specialist - Intern

Company:  Liberty Specialty Markets
Location: Paris
Closing Date: 01/08/2024
Salary: £60 - £80 Per Annum
Type: Temporary
Job Requirements / Description
Job Title:Wordings Specialist Intern (Work-Study) Division:Wordings Europe Location:Paris Purpose of the Role The primary responsibility of the role is to assist the Head of Wordings Europe in policy documents review and drafting, as well as legal monitoring and training, with a view to enhancing underwriting performance. Key Responsibilities Review and update LSM branded policy wordings. Review and draft bespoke clauses. Review IPIDs and other policy related documentation, provide templates where appropriate. Monitor and advise on key legal and regulatory developments likely to have an impact on LSM lines of business. Feed the Wordings SharePoint to provide relevant information and alerts to underwriters. Develop and populate the Wordings Clause Library. Assist in cataloguing the insurance products written across European branches. Prepare presentations and training sessions on insurance law matters. Liaising with the Claims department to leverage claims experience to improve the wordings’ quality.There is also the opportunity for your role to be extended to assisting the claims department further including preparing claims history listings, handling coinsurance relationship, making research on legal topics relevant to claims handling and handling small claims (Depending on the workload and your availability). Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity.LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing. Knowledge, skills and experience: Currently at university specialising in insurance law and/or liability law Fluent in English and French, fluency in another EU language is a plus Strong analytical and drafting skills & eye for detail Good level of knowledge of common software (Word, Excel, PowerPoint) Strong interpersonal and communication skills Strong organisational and prioritisation skills Curiosity & eagerness to learn High energy and a problem-solving mindset About Liberty Specialty Markets (LSM) Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets. Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through: Offering a vibrant and inclusive environment and committing to their career development. Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment. Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals. A supportive culture, which includes promoting a healthy work-life balance and working flexibly. For more information, please follow the links below: https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion #J-18808-Ljbffr
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