At a Glance
- Tasks: Manage and adjust a portfolio of Professional Lines claims with authority.
- Company: Join Allied World, a global leader in insurance and reinsurance solutions.
- Benefits: Enjoy career development, structured coaching, and a supportive team environment.
- Why this job: Make an impact in a dynamic industry while working with experienced professionals.
- Qualifications: 5+ years in complex claims handling; strong communication and organisational skills required.
- Other info: Global presence with opportunities for growth and learning across various locations.
The predicted salary is between 36000 - 60000 £ per year.
Key Responsibilities
- Adjusting a portfolio of Professional Lines claims, to include FI, D&O and E&O.
- Set up and authorize claim payments within specified authority.
- Negotiate and settle claims within specified authority.
- Reserve in accordance with our Claims philosophy.
- Prepare claim correspondence on questions of coverage and claim value within specified authority.
- Handle and manage all claims in accordance with current internal claims procedures/Lloyd's Claims Minimum Standards in place and comply with agreed key performance indicators.
- Vendor Management – to be able to proactively manage vendors, such as defence and coverage counsel.
- Manage recoveries within authority.
- Work with underwriters to provide updates, evaluate exposures, and assist with development of policy wordings and other contractual documents where required.
- Work with senior management of Claims, Accounting and Underwriting.
- Perform internal and on site claim audits if required.
- Prepare claim and statistical reports as required.
- Assist in management projects as required.
Qualifications
- 5+ years of handling complex and high value lead and follow claims, in both the Company and the Lloyd's markets.
- University degree preferred - Insurance related courses or certificates are an advantage.
- Strong understanding of Professional Lines policy wordings.
- Strong knowledge of London market and European claim environments.
- Some experience handling US claims.
- Some experience handling International claims.
- Excellent oral and written communication skills as well as organizational skills.
- Good knowledge of the Microsoft Office Suite.
- Knowledge of Genius, TRAX, Open Box and ECF would be a plus.
- The ability to work well and thrive in a team environment is key.
- Proven ability to work with senior management, claims/legal professionals, other insurers, brokers, affiliated companies and clients.
- A resilient self-starter who can immediately handle a diverse range of claims and responsibilities.
- Excellent organizational skills and the ability to work on multiple tasks concurrently.
Senior Claims Adjuster – Professional Lines in London employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster – Professional Lines in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with Professional Lines. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Professional Lines claims. Be ready to discuss your experience with complex claims and how you’ve handled negotiations. We want to see your expertise shine!
✨Tip Number 3
Showcase your organisational skills! During interviews, share examples of how you've managed multiple claims simultaneously. This will demonstrate your ability to thrive in a fast-paced environment, which is key for this role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Claims Adjuster – Professional Lines in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Claims Adjuster role. Highlight your experience with Professional Lines claims and any relevant qualifications. We want to see how your background fits with what we’re looking for!
Showcase Your Skills: Don’t forget to showcase your excellent communication and organisational skills in your application. We value these traits highly, so give us examples of how you've used them in your previous roles.
Be Clear and Concise: When writing your cover letter, keep it clear and concise. We appreciate straightforward communication, so get to the point while still showing your enthusiasm for the role and our company.
Apply Through Our Website: Make sure to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the position. Plus, it’s super easy to do!
How to prepare for a job interview at Allied World
✨Know Your Claims Inside Out
Make sure you have a solid understanding of Professional Lines claims, especially FI, D&O, and E&O. Brush up on the specifics of the policies and be ready to discuss how you've handled similar claims in the past.
✨Showcase Your Negotiation Skills
Prepare examples of successful negotiations you've led in previous roles. Highlight your ability to settle claims within authority and how you’ve managed vendor relationships effectively.
✨Familiarise Yourself with Key Performance Indicators
Understand the key performance indicators relevant to the role and be prepared to discuss how you’ve met or exceeded these in your previous positions. This shows you’re results-driven and aligned with the company’s goals.
✨Demonstrate Team Collaboration
Be ready to talk about your experience working with underwriters, senior management, and other stakeholders. Emphasise your ability to thrive in a team environment and how you’ve contributed to collaborative projects.