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- Tasks: Manage international reinsurance claims and negotiate for the best outcomes.
- Company: Join a fast-growing global reinsurance company with a collaborative culture.
- Benefits: Enjoy competitive salary, health perks, hybrid work, and professional development opportunities.
- Why this job: Gain unique skills in a dynamic environment while making a real impact.
- Qualifications: Basic insurance claims experience and strong negotiation skills are preferred.
- Other info: Be part of a supportive team focused on growth and innovation.
The predicted salary is between 36000 - 60000 £ per year.
Department: Claims
Employment Type: Permanent - Full Time
Location: UK (London)
Description
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 to 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
- Proactively handle allocated claims to a high standard
- 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
- Right to work in this location
- 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
Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience. As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients' needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients' needs with scalable and new technology, delivered by our growing agile Data and Technology team. 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.
Why join us?
At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd's, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK and the US. To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS and Engagement. We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre. Make an impact in a collaborative environment with some of the best talent in the industry, while enjoying:
- Competitive salary & annual bonus
- A health & wellbeing subsidy (£20 per month) (from Day 1)
- A generous pension (eligible after probationary period)
- Private healthcare from BUPA and a Healthcare Cash Plan from Medicash (from Day 1)
- Life assurance (from Day 1)
- Income protection (from Day 1)
- 25 days annual leave (from Day 1)
- Cycle to work scheme (from Day 1)
- Season ticket loan (interest free) (eligible after probationary period)
- Electric vehicle scheme (eligible after probationary period)
- EAP (Employee Assistance Programme) (from Day 1)
- Learning/study support and reimbursement for professional memberships
- Hybrid working
- Employee socials and recognition programme
Claims Handler Assumed Reinsurance in England employer: Compre Group
Contact Detail:
Compre Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Claims Handler Assumed Reinsurance in England
✨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 the company and its culture. Understand their values and how they align with yours. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your negotiation skills! Whether it's discussing salary or benefits, being confident and clear about what you want can make a huge difference. Remember, it’s all about finding a win-win situation.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about joining our amazing team.
We think you need these skills to ace Claims Handler Assumed Reinsurance in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Claims Handler role. Highlight any relevant experience in insurance claims handling and showcase your negotiation skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about joining our team at Compre and how you can contribute to our culture and values. Keep it engaging and personal!
Showcase Your Technical Skills: Since we're looking for someone with good computer skills, especially in MS Excel and Word, make sure to mention any relevant software experience. We love candidates who can hit the ground running!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our amazing team!
How to prepare for a job interview at Compre Group
✨Know Your Claims Inside Out
Before the interview, brush up on your knowledge of claims handling, especially in the reinsurance sector. Familiarise yourself with common property claims and the specific processes involved. This will help you demonstrate your technical understanding and show that you're ready to tackle the challenges of the role.
✨Master Negotiation Scenarios
Since negotiation is key in this role, prepare for potential scenarios you might face. Think about how you would handle negotiations with counterparties and practice articulating your strategies. Being able to discuss past experiences where you've successfully negotiated can really set you apart.
✨Showcase Your Communication Skills
Effective communication is crucial in claims handling. During the interview, be clear and concise in your responses. Use examples from your previous experience to illustrate how you've built relationships with stakeholders and resolved complaints. This will highlight your ability to communicate effectively in a professional setting.
✨Demonstrate Your Problem-Solving Abilities
Prepare to discuss how you've identified trends or changes in claims portfolios in the past. Think of specific instances where you've delivered savings or improved processes. Showing that you can think critically and act strategically will resonate well with the interviewers.
