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For Companies At a Glance
- Tasks: Manage international property claims and negotiate for optimal results.
- Company: Join a fast-growing global reinsurance company known for its expertise and collaborative culture.
- Benefits: Enjoy competitive salary, health subsidies, private healthcare, and hybrid working options.
- Why this job: Gain unique skills in a supportive environment while making a real impact in the industry.
- Qualifications: Basic insurance claims handling experience and strong negotiation skills are essential.
- Other info: Be part of a diverse team with opportunities for learning and growth.
The predicted salary is between 36000 - 60000 £ per year.
Claims Handler [Assumed Reinsurance]
Department: Claims
Employment Type: Permanent – Full Time
Location: UK (London)
Description
London
Hybrid, two days in office
Permanent / full-time
We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyd’s, Europe and North America.
Our Senior Claims Manager is looking for a new Claims Handler to manage an international assumed reinsurance portfolio with mainly property claims.
As part of our European claims department, this unique development opportunity would suit someone with basic insurance claims handling experience looking gain more technical knowledge and experience with third parties. You’ll be part of an amazing team at the heart of the business and will acquire a unique set of skills.
Responsibilities
• negotiate with counterparties to achieve the best results for Compre managed portfolios.
• identify and report new trends or changes in the behaviour of a claims portfolio.
• Help with complaint cases within the regulatory guidelines.
• work with TPAs to provide assistance with referrals and cases over their authority limits.
• manage external service providers, ensuring they are acting in our best interests
• identify and deliver opportunities for claims savings, both on an individual claims and strategic basis.
• identify and execute commutation and buy back opportunities, including the negotiation of deals with counterparties.
• provide technical assistance for the due diligence process for new acquisitions, including the assessment of claims related risks and opportunities, reporting findings within the agreed format and required deadlines.
• gain a good understanding of new accounts upon acquisition, delivering against opportunities identified in due diligence.
Candidate requirements
• Good level of claims handling technical experience and knowledge, providing consistently high-quality claims handling.
• Understanding of reinsurance claims, reinsurance processes and required interaction with external partners would be desirable
• Knowledge of key terms and conditions in contracts / policies and general knowledge of key legal positions in relevant jurisdictions.
• Good negotiation skills, with experience in negotiating issues with counterparties resulting in successful settlements.
• Effective verbal and written communication skills.
• Ability to develop good working relationships with both internal and external stakeholders.
• Complaint resolution skills
• Good level of computer skills using MS Excel and Word as well as other systems
• Contributing positively to our culture and values.
Benefits
- Our values are what make us stand out. We value each other, empower and hold ourselves accountable, are authentic, collaborative and inclusive, and continuously strive for progress and innovation.
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Claims Handler [Assumed Reinsurance] employer: Compre Group
Contact Detail:
Compre Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Claims Handler [Assumed Reinsurance]
✨Tip Number 1
Familiarise yourself with the key terms and conditions in reinsurance contracts. Understanding these will not only help you during interviews but also demonstrate your commitment to the role and the industry.
✨Tip Number 2
Network with professionals in the reinsurance sector, especially those who work in claims handling. Engaging with industry experts can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Brush up on your negotiation skills. Since the role involves negotiating with counterparties, showcasing your ability to handle negotiations effectively can set you apart from other candidates.
✨Tip Number 4
Stay updated on current trends in the insurance and reinsurance markets. Being knowledgeable about recent developments can help you discuss relevant topics during interviews and show your enthusiasm for the field.
We think you need these skills to ace Claims Handler [Assumed Reinsurance]
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant claims handling experience and any specific knowledge of reinsurance processes. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention how your skills align with the responsibilities listed, particularly in negotiation and complaint resolution.
Showcase Your Communication Skills: Since effective verbal and written communication is crucial for this role, ensure your application is clear, concise, and free of errors. Consider including examples of how you've successfully communicated with stakeholders in the past.
Highlight Technical Proficiency: Emphasise your computer skills, especially with MS Excel and Word. If you have experience with other relevant systems, mention those too, as they can set you apart from other candidates.
How to prepare for a job interview at Compre Group
✨Understand the Reinsurance Landscape
Familiarise yourself with the basics of reinsurance and the specific role of a Claims Handler in this sector. Knowing key terms and processes will help you demonstrate your understanding during the interview.
✨Showcase Your Negotiation Skills
Prepare examples from your past experiences where you've successfully negotiated claims or resolved disputes. Highlighting your ability to achieve favourable outcomes will resonate well with the interviewers.
✨Demonstrate Technical Knowledge
Brush up on your technical knowledge related to claims handling, especially in property claims. Be ready to discuss how you would approach various scenarios that may arise in the role.
✨Emphasise Communication and Relationship Building
Be prepared to talk about how you build relationships with stakeholders, both internal and external. Effective communication is key in this role, so share examples of how you've successfully collaborated with others in the past.
