The Role
Develop and maintain commercial insurance products, draft policy wordings and related documents, respond to underwriting and claims enquiries, manage product projects from concept to release, work with systems teams on integration and UAT, perform market and competitor analysis, and ensure compliance with jurisdictional requirements.
Summary Generated by Built In
Reporting to the Product Development Leader, as a Product Developer you will be responsible for the creation and maintenance of specialist commercial insurance products and providing a quality support service to the Underwriting and Claims teams on product related enquiries.
About the role
You will be assisting with the strategic planning and development of CFC’s product portfolio. This will include working with teams around the business to monitor the performance of product coverage, identifying opportunities to drive innovation, conducting and facilitating competitor and market analysis, and extracting actionable insights from our internal data.
With over 50 CFC products across multiple business lines, you will be managing many projects and stakeholders at any given time. To be successful in this role, you will thrive working in a fast-paced and results-driven business, have strong attention to detail, be a confident communicator and have an analytical mind.
- Drafting of policy wordings, policy endorsements, application forms, schedules and ancillary documents in the CFC in-house style, ensuring they are compliant with territorial requirements and meet the requirements of the relevant business line (cyber, tech, media, professional liability, general liability, commercial property, management liability, product recall, medical malpractice etc).
- Respond to underwriter and claims generated product enquiries of all complexity within the prescribed timeframe and obtain the appropriate sign off before issuance.
- Project managing the development and delivery of new product initiatives and product version upgrades from initial concept to final release within the prescribed timeframe.
- Log coverage queries from underwriters and ensure they are responded to within the appropriate timeframe.
- Working with the systems development team to achieve successful system integration of new product initiatives and product version upgrades, including the creation of detailed user requirements and user acceptance testing.
- Relationship managing the communication between the products team and underwriting teams and other key stakeholders throughout the business in respect of the progress and release of new product initiatives and product version upgrades.
- Maintain accurate records of version control of all documents.
- Research any jurisdictional requirements or other compliance issues through the use of Lloyds Crystal, the compliance team and other channels, as appropriate.
About you
We’re looking for a proactive, self-starter with strong experience in policy wordings from a similar role, or with contracts/product development expertise - ideally gained within a claims or fintech environment. You’ll bring a solid understanding of commercial and/or personal lines insurance, with demonstrable experience in developing and enhancing insurance products.
You’ll thrive in a collaborative team environment, with a strong work ethic and the confidence to engage and influence stakeholders at all levels, including C-suite executives. Strong written communication skills are essential, particularly in report writing, alongside the ability to analyse data, identify trends and translate insights into actionable outcomes.
You’ll be confident in your decision-making and understand when to escalate issues appropriately to the Product Development Leader.
Core Values
Love what you do:
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
Challenge everything:
We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.
Have fun, be good:
Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
Challenge everything:
We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.
Have fun, be good:
Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
About
CFC is a specialist insurance provider, pioneering emerging risk and market leader in cyber. Our global insurance platform uses cutting-edge technology and data science to deliver smarter, faster underwriting and protect customers from today's most critical business risk.Headquartered in London with offices in New York, Melbourne, Sydney, Austin, Madrid, Brussels and Brisbane, CFC has over 1100 staff and is trusted by more than 100,000 businesses across 90 countries.At CFC, insurance isn't just about underwriting. From data science to software development, and digital marketing design, we've got something for everyone. We're passionate about pushing boundaries, thinking differently and building the insurance company of the future.CFC is committed to the principles of equal opportunities and creating an environment in which all individuals are always treated with dignity and respect. We encourage a diverse corporate culture of openness and appreciation to create an environment in which your talent can be developed in the best possible way. Should you require any reasonable adjustments at any stage of the recruitment process please let us know.
Skills Required
- Strong experience in policy wordings or contracts/product development expertise
- Experience developing and enhancing insurance products
- Solid understanding of commercial and/or personal lines insurance
- Experience drafting policy wordings, endorsements, application forms, schedules and ancillary documents
- Experience project managing product development from initial concept to final release
- Experience creating detailed user requirements and conducting user acceptance testing for system integration
- Strong written communication skills, including report writing
- Ability to analyze data, identify trends and translate insights into actionable outcomes
- Confident stakeholder management and influencing skills, including engagement with senior executives
- Attention to detail and ability to respond to underwriting and claims enquiries within prescribed timeframes
- Experience within claims or fintech environments
- Experience using Lloyds Crystal for jurisdictional/compliance research
CFC Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CFC and has not been reviewed or approved by CFC.
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Strong & Reliable Incentives — Variable pay is positioned as a core part of total compensation, with a group‑wide annual bonus highlighted as a consistent feature. Expanding employee share ownership is described as enhancing overall rewards alongside bonuses.
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Healthcare Strength — Private medical insurance is provided, complemented by dental and optical cashback and a 24/7 employee assistance programme. These elements indicate comprehensive health coverage beyond standard medical plans.
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Leave & Time Off Breadth — Time away provisions include 25 days of holiday and paid volunteer time, signaling a broad approach to time off. Additional practices such as company social events support overall work–life rhythm, though they are not leave per se.
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The Company
What We Do
CFC is a specialist insurance provider, pioneer in emerging risk and market leader in cyber. Their global insurance platform uses cutting-edge technology and data science to deliver smarter, faster underwriting and protect customers from today’s most critical business risks.
