Mid-level Product Development drafting technician to work in Arch Insurance's Enterprise Product Development team within Corporate Underwriting Services (CUS) to service Arch Insurance's Lenders business unit.
New product development with focus on new product design, policy form drafting and implementation.
Communicate and collaborate with Underwriters, Managers, Claim Attorneys, Compliance and Legal departments to ensure products remain competitive while protecting profitability.
Interact with state Insurance and Financial related regulatory agencies as required.
Help business unit identify and prioritize product development needs.
Remain apprised of and monitor U.S. case law, regulations, legal trends and emerging issues affecting such insurance coverage.
Minimum of 10 years of underwriting or insurance regulatory experience that includes commercial insurance contract drafting. Neither a C.P.C.U. nor a J.D. is required, but preferred.
Strong understanding of Credit, F&I, Contractual Liability Insurance, Commercial Automobile and Warranty insurance coverages. Includes Collateral Protection Insurance and other Lenders-related Finance/Insurance products such as loan collateral, debt protection, auto-related warranty and service contract risks.
Thorough understanding of insurance contract language and legal precedent including the ability to review and assess relevant regulatory changes or legal decisions impacting insurance contract language.
Ability to manage projects from concept to fruition with minimal oversight.
Strong oral and written communication skills, with attention to detail.
Excellent time management and organizational skills.
Arch Capital Group Ltd.