Reinsurance Contracts Technology Expert at Swiss Re United States

Bangalore, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

08 Jun, 26

Salary

0.0

Posted On

10 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Contract Drafting, Contract Review, Reinsurance Contracts, Artificial Intelligence, Large Language Model, Portfolio Analysis, Contract Risk Management, Legal Skills, Negotiation, Client Engagement, Data Analysis, Policy Wordings, Coverage Analysis, IT Transformation, Governance Risk and Control, Training Development

Industry

Insurance

Description

About the team P&C Contracts is part of Underwriting Excellence in Property & Casualty Reinsurance, a global function. It is responsible for ensuring Swiss Re (re)insurance agreements comply with underwriting and contracts standards. About the role Head of P&C Reinsurance Contracts, Asia Pacific is seeking a (re)insurance professional with knowledge in (re)insurance contract mechanical and coverage wording to join our team, to support Swiss Re's Property and Casualty ("P&C") reinsurance business in the Asia Pacific region. The Reinsurance Contracts Technology Expert assumes dual responsibilities: Supporting information technology transformation of our contract management infrastructure, with a particular focus on advancing Artificial Intelligence in our system development. Drafting and review of (re)insurance contract wordings, advising on contract related matters, and engaging with internal and, at times, external clients to negotiate and finalize the terms of reinsurance contracts, as well as supporting the Head of P&C Reinsurance Contracts to manage contract risks in reinsurance portfolio. In P&C Contracts, you will join a highly engaged global team of approximately 40 legal / claims / underwriting experts and specialists who support all Lines of Property, Casualty, and Specialty business. Primary responsibilities of our Contracts Function include drafting and review of (re)insurance wordings, advising on contract related matters and engaging with internal and external clients to negotiate and finalize the terms of reinsurance contracts as well as the further development of our tool landscape and wording analytics. Core responsibilities of the Reinsurance Contracts Technology Expert / Counsel are: Independently draft and critique (re)insurance contracts, binders, slips, endorsements and related documents to align written agreements with business intent and corporate requirement. Apply expertise in senior level reinsurance and legal skills to build guidances or "prompts" for Artificial Intelligence and / or Large Language Model for (re)insurance contract clauses and portfolio analysis (e.g. perform first-line validation and re-validation of model outputs) Perform portfolio analysis and provide insights on trends related to contract risks, in reliance on Swiss Re contracts systems and database. Align reinsurance contracts with applicable law, regulations and internal requirements. Coordinate, communicate and participate in development of corporate policies on contract related matters. Support functional development of contract management and analytical systems; Collaborate with Client Managers, Underwriters, and Data Scientists etc. in contract negotiations or project works, including engagement with external clients and brokers. Act as expert technical advisor, providing guidance to various corporate functions regarding contract formation / interpretation, implications of particular contract language and best practices. Develop training materials and deliver internal, external or public training on contract related matters; drive thought leadership on contract certainty. Maintain strong governance risk and control standards with respect to contract wordings and processes. The successful candidate will be expected to develop a thorough understanding of relevant law, regulations and market practices in the Asia Pacific region and apply these to (re)insurance agreements. Participation in Global projects / initiatives through co-working with team mates from the US and EMEA Regions is expected. They will also require strong analytical abilities, experience in business negotiations, and excellent written and verbal communication skills, including the ability to engage confidently and in an impactful manner with internal stakeholders and clients. We are seeking a candidate with an innovative, pragmatic and results-oriented mindset, who possesses the ability to work independently with a sense of personal responsibility and accountability, while also building cooperative relationships with internal and external partners, to enable cross-functional team decision making in alignment with Swiss Re business strategy. The Contracts Technology Expert / Counsel should be available for business travel roughly two weeks each year. About You Requirements for the Reinsurance Contracts Technology Expert / Counsel position include: 5 or more years of (re)insurance industry experience (re)insurance claims, underwriting, coverage counsel, or legal role; Degree preferably in law; or (re)insurance studies; legal background / qualification in common / English law an advantage; Solid understanding of P&C (re)insurance policy wordings, coverage, product, and business processes; Good skill and confidence in commercial / (re)insurance coverage agreement drafting; External customer servicing, management, or advising experience an advantage; Exposure to a multi-cultural work and / or client servicing environment; and High level fluency in English, including business terminology; Effective computer and Information Technology literacy. Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week About Swiss Re Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience. .swissre_footer { position: relative; margin-top: -50px; height: 30px; clear: both; margin-bottom: 20px; background: #EEE none repeat scroll 0% 0%; line-height: 30px; padding: 0px 10px; color: #AAA; font-family: "Arial,Helvetica,sans-serif"; } .swissre_jobtemplate { width: 970px; max-width: 100%; height: auto; } .jobDisplay .job { font-family: "Arial" !important; font-size: 12px !important; } .joqReqDescription { max-width: 100%; height: auto; align: center; } .joqReqDescription ul { width: 787px; max-width: 100%; } .joqReqDescription p { width: 827px; max-width: 100%; } Keywords: Reference Code: 137293

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Responsibilities

The expert will independently draft and critique reinsurance contracts, binders, and related documents, while applying expertise to build guidance for Artificial Intelligence and Large Language Models for contract clause analysis. Responsibilities also include performing portfolio analysis for contract risk trends and aligning contracts with applicable law and internal requirements.