At a Glance
- Tasks: Handle high-profile D&O claims and build relationships with stakeholders.
- Company: Join AIG, a leader in the insurance market with a commitment to fairness.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Opportunity to grow your career in a dynamic and supportive environment.
- Why this job: Make a real impact by managing complex claims and improving industry practices.
- Qualifications: Experience in Commercial D&O claims and strong communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
Make your mark in Claims. Join us as a Major Loss Commercial D&O Claims Adjuster, handling some of the largest and highest profile claims in the London market.
How you will create an impact:
- Focused on Commercial D&O within the Financial Lines Claims team, this role is an ideal opportunity for an experienced adjuster to take a prominent role in handling large and highly complex claims, typically as lead and/or on the primary and with an international dimension.
- The aim is to deal with genuine claims through a proactive, best practice approach, in line with AIG's quality standards – you will actively promote and demonstrate the principles of ‘Treating Customers Fairly’ in claims handling.
- You will also proactively identify and review suspect/fraudulent claims on a consistent basis – dealing with such claims in line with our clear guidelines.
- Your work will involve regular contact with internal stakeholders and brokers, experts, and external lawyers.
- We want you to build effective relationships with internal and external customers, while acting as a senior point of referral and advising management on significant exposures.
- You will have the opportunity to grow your experience by providing support to Team Managers and deputising in their absence.
- For example, you will assist with monitoring market/industry practices in claims handling.
- In addition, you can use the claims experience you gain to help improve our products in collaboration with colleagues in underwriting.
What you’ll need to succeed:
- Significant Commercial D&O claims experience, either in the insurance market or in private practice as a lawyer.
- The ability to lead a market, with a track record of handling high value claims, particularly on the primary.
- Detailed knowledge of legal/regulatory and litigation/procedural requirements/technical claims topics for Financial Lines.
- Experience of FI PI/D&O and W&I claims would be desirable but not essential.
- Experience in negotiation, mediation, and arbitration.
- Policy language skills enabling accurate and consistent policy wording interpretation.
- Lateral thinking and the ability to problem solve and develop new ideas to improve working practices.
- Strong communication, time management, administrative and report-writing skills.
Financial Lines Major Loss Adjuster (D&O) employer: Dormont Manufacturing Co
AIG is an exceptional employer, offering a dynamic work environment in the heart of London where you can make a significant impact in the field of Major Loss Commercial D&O Claims. With a strong commitment to employee development, AIG provides ample opportunities for growth and advancement, alongside a culture that prioritises collaboration and innovation. Employees benefit from a diverse and inclusive workplace, competitive compensation, and the chance to engage with high-profile claims, all while upholding the principles of treating customers fairly.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Lines Major Loss Adjuster (D&O)
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Dormont Manufacturing Co). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Dormont Manufacturing Co. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Financial Lines Major Loss Adjuster (D&O)
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Dormont Manufacturing Co.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Dormont Manufacturing Co. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Dormont Manufacturing Co
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Dormont Manufacturing Co to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Dormont Manufacturing Co, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Dormont Manufacturing Co's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
