Claims Specialist in London

Claims Specialist in London

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage and resolve reinsurance claims while ensuring accuracy and compliance.
  • Company: Join AXIS Capital, a leader in specialty lines insurance and reinsurance.
  • Benefits: Enjoy competitive salary, health plans, tuition reimbursement, and more.
  • Why this job: Make a real impact in the insurance industry with a supportive team.
  • Qualifications: Knowledge of reinsurance and strong analytical skills are essential.
  • Other info: Flexible work environment with opportunities for growth and learning.

The predicted salary is between 36000 - 60000 £ per year.

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Job Description:

The Claims Group manages and resolves reinsurance claims efficiently and accurately, ensuring contractual obligations are met while protecting AXIS’s financial integrity. We deliver expert oversight and strategic guidance on complex losses, fostering strong client relationships and mitigating risk. This role supports AXIS’s goals by driving operational excellence, safeguarding profitability, and reinforcing trust in our global brand.

  • The role manages assigned reinsurance claims from notification through resolution, ensuring timely and accurate handling in line with contractual obligations.
  • The role assesses coverage, liability, and quantum for complex and high-value claims, applying sound judgment and technical expertise.
  • The role negotiates settlements directly with counterparties and brokers, balancing fairness with AXIS’s financial objectives.
  • The role maintains clear, accurate, and complete documentation to support audit and regulatory requirements.
  • The role provides proactive communication to internal stakeholders and external partners, ensuring transparency and trust throughout the claims process.
  • The role identifies potential risks and escalates issues that could impact AXIS’s financial position or reputation.
  • The role contributes to portfolio analysis by providing insights on trends, emerging risks, and reserving accuracy.
  • The role collaborates with underwriting, actuarial, and finance teams to support strategic decision-making and profitability goals.
  • The role exercises autonomy in managing complex claims within agreed authority limits, seeking guidance only on exceptional matters.
  • The role supports continuous improvement by recommending process enhancements and sharing best practices across the Claims Group.
About You:
  • Ability to adjust and manage claims using ECF (DOCO), ensuring accuracy and compliance with market standards.
  • Knowledge of casualty, motor, property, marine, and aviation classes, with the ability to apply this understanding to complex claim scenarios.
  • Analytical skills to evaluate coverage, liability, and quantum, and make decisions when faced with ambiguity or incomplete information.
  • Negotiation skills to achieve fair and timely settlements, balancing client relationships with AXIS’s financial objectives.
  • Clear and confident communication skills, able to explain technical concepts to brokers, clients, and internal stakeholders at all levels.
  • Attention to detail and ability to maintain accurate documentation, supporting audit and regulatory requirements.
  • Proficiency in using claims systems and Microsoft Office tools, including creating reports and summaries for management.
  • Organizational skills to manage multiple claims concurrently, prioritising effectively under changing circumstances.
  • Collaborative mindset, able to work with underwriting, actuarial, and finance teams to support business goals.
  • Commitment to continuous learning and improvement, adapting to new processes, systems, and market developments.
What you need to have:
  • Working knowledge of ECF (DOCO)
  • Understanding of the reinsurance classes listed above
  • Proficient in Microsoft Office tools
  • Organisation skills to manage multiple claims concurrently
  • Collaborative approach, able to work effectively with underwriting, actuarial and financial teams.
What we prefer you to have:
  • Experience handling international claims or working across multiple jurisdictions.
  • Ability to use data analysis tools (e.g., Power BI) to create dashboards and identify trends.
  • Knowledge of market developments and emerging risks in reinsurance.
Role Factors:

In this role, you will typically be required to:

  • Be in the office 3 days per week
  • Travel internationally occasionally
  • Be open to learning from others
  • Build and maintain effective relationships with internal and external customers and colleagues
What we offer:

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance.

Rewarding. Challenging. Meaningful. We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry. Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.

Claims Specialist in London employer: AXIS Capital

AXIS Capital is an exceptional employer that fosters an inclusive and empowering work culture, where employees are encouraged to bring their whole selves to work. Located in London, the role of Claims Specialist offers not only competitive compensation and a comprehensive benefits package but also ample opportunities for professional growth and development within a dynamic and supportive team environment. Join us to be part of a company that values your contributions and is committed to shaping the future of the insurance and reinsurance industry.
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Contact Detail:

AXIS Capital Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Claims Specialist in London

✨Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Prepare for interviews by researching AXIS Capital and understanding their values. Be ready to discuss how your skills align with their mission of delivering outstanding client service and maintaining financial integrity.

✨Tip Number 3

Practice your negotiation skills! As a Claims Specialist, you'll need to balance fairness with financial objectives. Role-play scenarios with friends or mentors to build confidence before the real deal.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the AXIS team.

We think you need these skills to ace Claims Specialist in London

Claims Management
ECF (DOCO) Proficiency
Knowledge of Reinsurance Classes
Analytical Skills
Negotiation Skills
Clear Communication Skills
Attention to Detail
Documentation Skills
Organisational Skills
Collaboration Skills
Data Analysis Tools (e.g., Power BI)
Microsoft Office Proficiency
Understanding of Market Developments
Ability to Manage Multiple Claims

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the Claims Specialist role. Highlight your relevant experience and skills that match the job description, especially your knowledge of reinsurance and claims management.

Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences to show how you’ve successfully managed claims or negotiated settlements. This will help us see how you can contribute to our team.

Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon unless it’s relevant to the role. We appreciate straightforward communication, so make sure your application reflects that!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!

How to prepare for a job interview at AXIS Capital

✨Know Your Claims Inside Out

Before the interview, brush up on your knowledge of reinsurance claims, especially in casualty, motor, property, marine, and aviation classes. Be ready to discuss specific examples where you've applied this knowledge, as it shows you can handle complex scenarios.

✨Master the Art of Negotiation

Since negotiation is key for a Claims Specialist, prepare by thinking of past experiences where you successfully negotiated settlements. Highlight how you balanced client relationships with financial objectives, as this will resonate well with the interviewers.

✨Show Off Your Analytical Skills

Be prepared to demonstrate your analytical skills during the interview. You might be asked to evaluate hypothetical claims or trends, so practice explaining your thought process clearly and confidently. This will show that you can make sound judgments even when faced with ambiguity.

✨Communicate Clearly and Confidently

Effective communication is crucial in this role. Practice explaining technical concepts in simple terms, as you'll need to convey information to brokers and clients at all levels. Being articulate will help build trust and showcase your ability to maintain strong relationships.

Claims Specialist in London
AXIS Capital
Location: London
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  • Claims Specialist in London

    London
    Full-Time
    36000 - 60000 £ / year (est.)
  • A

    AXIS Capital

    1000-5000
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