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For Companies At a Glance
- Tasks: Manage claims from start to finish, ensuring smooth communication with markets and clients.
- Company: Join a top-tier, independent Lloyds broker with 15 years of industry expertise.
- Benefits: Enjoy a competitive salary, excellent benefits, annual bonuses, and hybrid working options.
- Why this job: Be part of a reputable firm that values your skills in a dynamic insurance environment.
- Qualifications: Solid experience in professional indemnity claims and knowledge of Lloyds market processes required.
- Other info: Permanent contract with a salary range of £45,000 to £65,000.
The predicted salary is between 45000 - 65000 £ per year.
Your new employer is an established, independent Lloyds broker based in the heart of the City of London. Over the past 15 years they have built an enviable reputation as a specialist in the development, placement and servicing of delegated authority agreements on behalf of clients in addition to underwriting on in-house facilities.
Role overview
Our client is seeking to hire an experienced London Market claims broker to assume management of North American, Australian, UK & European TP and in-house binder claims. Classes of insurance will be biased towards professional indemnity (traditional & non-traditional) professions but will also include med mal, general liability and some property/construction.
- You will manage claims form initial notification through to closure
- Ensure markets are advised of new claims and updated on existing cases
- Processing, monitoring and reconciling claims bordereaux.
- Supervision of TPA loss funds.
- Management of large and complex losses.
- Negotiating settlements with insurers
- Resolving queries with markets and clients.
- Maintain relationships with TPA’s, attorneys and adjusters.
What you need to show
- Solid experience of professional indemnity claims is essential.
- In-depth understanding of Lloyds and Company market claims processes and protocols
- Ability to utilise ECF and IMR
What is on offer
- Permanent contract
- Salary from £45,000 to £65,000 p.a.
- Excellent benefits and annual bonus
- Hybrid working options
Ref ~ 9939
Interested? Please apply today, and we will contact you by return.
MW Appointments has been recruiting in the insurance market since 1992, so you will benefit from partnering with a market leader with in-depth technical understanding, comprehensive market insight, and well-established relationships across the insurance sector.
Claims Broker employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Claims Broker
✨Tip Number 1
Make sure to highlight your experience with professional indemnity claims in your conversations. This is a key requirement for the role, and demonstrating your expertise will set you apart from other candidates.
✨Tip Number 2
Familiarize yourself with the Lloyds and Company market claims processes and protocols. Being able to discuss these in detail during your interactions will show that you are well-prepared and knowledgeable about the industry.
✨Tip Number 3
Network with professionals in the London Market, especially those who work with ECF and IMR systems. Building these connections can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 4
Prepare to discuss your experience managing large and complex losses. Be ready to share specific examples of how you've successfully negotiated settlements and resolved queries with markets and clients.
We think you need these skills to ace Claims Broker
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities and requirements of a Claims Broker. Familiarize yourself with the specific claims processes, especially in relation to professional indemnity and the Lloyds market.
Tailor Your CV: Highlight your relevant experience in managing claims, particularly in professional indemnity and other specified classes. Use industry-specific terminology to demonstrate your familiarity with the field.
Craft a Compelling Cover Letter: In your cover letter, emphasize your solid experience with professional indemnity claims and your understanding of Lloyds and Company market claims processes. Mention any relevant achievements or complex cases you've managed.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that your application is clear, concise, and free of typos, as attention to detail is crucial in this role.
How to prepare for a job interview at MW Appointments
✨Showcase Your Experience
Make sure to highlight your solid experience with professional indemnity claims. Be prepared to discuss specific cases you've managed and the outcomes, as this will demonstrate your expertise in the field.
✨Understand Lloyds Processes
Familiarize yourself with the Lloyds and Company market claims processes and protocols. Being able to speak knowledgeably about these will show that you are well-prepared and understand the nuances of the role.
✨Demonstrate Negotiation Skills
Since negotiating settlements with insurers is a key part of the job, be ready to provide examples of past negotiations. Discuss your approach and any successful outcomes to illustrate your capability in this area.
✨Build Rapport
Emphasize your ability to maintain relationships with TPAs, attorneys, and adjusters. Share experiences where you successfully resolved queries or built strong partnerships, as this is crucial for managing claims effectively.
