Job Application for Senior Legal insurance Product at Wakam

Who are we?

Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 150 distribution partners. We provide most of our insurance products through API, and hosts white label insurance solutions via our Play&Plug technology platform.

With a footprint spanning 32 countries and revenue of more than €900 million in 2023, mostly generated outside France, Wakam is the European leader in digital and embedded insurance.

Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to “enabling transparent and impactful insurance".

About the team

The Underwriting team at Wakam, is the cornerstone of risk assessment and decision-making thanks to the internal datas and industry insights to make informed decisions, ensuring Wakam provides comprehensive and competitive insurance solutions.

As experts in evaluating and pricing risk, we're dedicated to ensuring profitability while providing optimal coverage for our clients. From analyzing data to developing underwriting strategies, we're committed to delivering innovative solutions and exceptional service to our customers.

Merging legal expertise with product development. The Insurance Legal Product team ensures that Wakam's insurance offerings comply with legal requirements while staying innovative and competitive in the market.

⌖ The Mission

The insurance industry must support the transformation of the economy in order to allow its growth and profitability.

We want to put the best of technology at the service of people, to support these new needs.

Wakam is present in all sectors of property and casualty insurance, in France, the UK and in Europe.

Our job is to design bespoke insurance solutions, to insure everyone in the right place at the right time.

Key responsibilities :

Reporting to the Product Squad, you will actively participate in the creation of various products & documentations, in the whole European Union :

Design of products and coverages (mandatory and market coverages, exclusions, limits, deductibles) in coordination with our Pricing team, ensuring that they are compliant with regulations and provide high level commercial and customer outcomes;
Formalize and validate product documentation (policy wordings, schedule, IPID, certificates of insurance);
Definition and formalization of the needs in collaboration with our distribution partners and insurers;
Formalization of product summaries and target markets in collaboration with our distribution partners;
Review and process changes to existing products;
Adherence to processes and practices to meet and achieve excellence in product governance and industry regulations;
Participating in the "Plain Language" project to simplify insurance documentation for the policyholder within regulatory constraints.

You will work in coordination with the Sales, Pricing, Legal, Reinsurance & Compliance Departments.

✯ The Profile

Key competencies & Working mindset

You have a Master degree in insurance law or a business school :

You have a large experience in insurance : (SME (RC Pro / MRP) and Cyber.
Your legal & Insurance skills offer you the opportunity to participate on new propositions and product changes through a strong Product Governance Process
A large part of our customers and a growing community of our wakamees are located outside of France, so a good practice of English is mandatory
You have a taste for teamwork and project mode in an agile environment
You have good communication, organization and prioritisation skills

In addition, you are:

Rigorous and analytical
Dynamic, with excellent interpersonal skills
Autonomous and resourceful, not afraid to take initiatives

Recruitment process

Screening Interview with Talent Acquisition Expert
Technical & fit Interview with Isabel, Team Lead Insurance Legal Product
Fit Interview with Sophie, Head of Product
Cross interview with a member of another team (BD or Project Management)
HR Culture fit Interview with Head of Talent

=> Welcome @Wakam 🙌

Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth!

You have the Wakam mindset? Join us!

More about us

Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance! Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you!

Discover on our website who we really are with the 11 cultural markers that so well describe us!

What we are looking for ?

Mindset compatibility with our ‘Free to Impact’ culture:

Think big
Biased for action
Curious and eager to learn
Can say no and find solutions
Aims for the moon (but please don’t stick on the moon)
And above all: have fun working together 🤜🤛 !

Good to know !

Wakam is not based on a hierarchy but on a methodology where everyone finds their role and knows their objectives.
With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company.
Every last Friday of the month, it's Free.day @Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you).
Full-remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ⛵) with our Wakam From Anywhere (WFA) program.
Last but not least : we are nice and we have fun! (you'll find out by yourself 😉)

At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.