Rulebook Configurator_Consultant

Job Overview:

• We are in search of a seasoned Lead Rulebook Configurator to oversee the configuration and execution of pricing models, underwriting rules, and workflow elements for insurance products utilizing Verisk Rulebook Sequel Rulebook.
• This position operates at the confluence of insurance pricing model interpretation, rules configuration, business analysis, and stakeholder collaboration.
• The successful candidate will engage closely with senior stakeholders from Underwriting, Actuarial, Operations, Product, IT, and Change teams, primarily within the specialty insurance sector of the London Market.
• The ideal applicant will possess a robust configuration mindset, exceptional analytical skills, practical experience with Rulebook or similar rules rating platforms, and the ability to convert intricate Excel-based pricing models and underwriting guidelines into well-structured, governed Rulebook configurations.

Primary Duties:

• Rulebook Configuration and Product Development
• Direct the configuration of insurance product rating algorithms, underwriting rules, referral rules, eligibility criteria, authority checks, and workflow logic within Rulebook.
• Transform Excel-based pricing models into Rulebook-compatible configuration components while ensuring calculation accuracy and alignment with business objectives.
• Set up rating tables, factors, modifiers, risk attributes, premium calculations, validations, and business rules.
• Establish and manage Rulebook pages, flows, links, product structures, and user experiences.
• Assist in document generation logic, quote outputs, pricing worksheets, and downstream data outputs as necessary.
• Ensure the application of reusable configuration patterns across various products and classes to enhance maintainability and consistency.
• Business and Domain Analysis
• Collaborate with underwriters, actuaries, operations SMEs, and product owners to grasp pricing intent, risk appetite, referral logic, and underwriting guidelines.
• Question and clarify ambiguous business rules prior to configuration.
• Convert business requirements into precise configuration specifications and artifacts ready for implementation.
• Identify gaps, inconsistencies, or risks in pricing spreadsheets, underwriting guides, or product documentation.
• Assist in impact analysis for pricing modifications, product upgrades, and model version updates.
• Stakeholder Engagement and Communication
• Serve as the primary configuration lead during workshops with senior stakeholders in London.
• Articulate configuration design, rule logic, testing results, issues, and trade-offs in accessible business terminology.
• Facilitate conversations among business SMEs, actuaries, developers, testers, architects, and delivery leads.
• Deliver organized status updates, risk summaries, issue overviews, and decision points to project leadership.
• Ensure that business stakeholders comprehend how configured rules correspond to their underwriting and pricing needs.
• Testing, Validation, and Governance
• Define and implement rule configuration testing, scenario testing, regression testing, and reconciliation from spreadsheets to Rulebook.
• Validate Rulebook outputs against source Excel models, anticipated pricing outcomes, underwriting rules, and edge case scenarios.
• Support SIT, UAT defect triage, root cause analysis, and defect resolution efforts.
• Maintain configuration documentation, ensuring traceability, version control, and audit trails.

Technical Qualifications:

• Core Skill: Proficient in Verisk Rulebook configuration.
• Expertise in Lloyd’s Market.

Additional Qualifications:

• Required Experience
• 4 to 10 years of comprehensive experience in insurance technology, product configuration, implementation of business rules, rating engine configuration, or insurance platform delivery.
• A minimum of 2 years of hands-on experience with Verisk Rulebook Sequel Rulebook is preferred.
• If direct experience with Rulebook is limited, substantial experience with related platforms such as insurance rating engines, business rules engines, product configurators (e.g., FICO Blaze, IBM ODM, Drools, InRule, Duck Creek, Guidewire rating product configuration) may be considered.
• Experience in converting Excel-based pricing models into system-based rules configurations.
• Strong knowledge of P&C specialty insurance and the London Market.

Preferred Expertise:

Domain->Insurance->Life Insurance