At a Glance
- Tasks: Handle Casualty Reinsurance claims from start to finish, ensuring top-notch service.
- Company: Join a leading global reinsurer known for its commitment to excellence.
- Benefits: Enjoy a collaborative culture and opportunities for professional growth.
- Why this job: Be part of a dynamic team focused on innovation and superior client service.
- Qualifications: Some experience in reinsurance claims preferred; degree or CII qualification is a plus.
- Other info: Willingness to travel and engage with clients is essential.
The predicted salary is between 36000 - 60000 £ per year.
Edenbrook are currently working with a leading global reinsurer who are looking for someone who can handle the claims within authority for Casualty Reinsurance classes. The successful candidate will provide consistent delivery of a trusted, first-class claims experience to clients, brokers and internal stakeholders in adherence with all the company’s policies, procedures, controls and the companies claims philosophy.
Responsibilities & Accountabilities
- To handle claims arising from responsible line of business (and arising from other classes where appropriate as per business requirements), from FNOL to settlement, with due consideration of subrogation/contribution where appropriate, to ensure consistent delivery of superior level of claims service and proactive claims resolution.
- To proactively monitor claims to ensure Cedant reserves and Ultimate’s are captured (where applicable) and valid claims are settled promptly with a tight control of costs where applicable throughout lifecycle
- To ensure all claims handling responsibilities adhere to the company’s procedures, controls and Lloyd’s/FCA/PRA/J-SOX regulatory requirements and individual performance results in green Claims KPIs
- To participate in and promote a respectful culture of open communication, collaboration, dynamic claims adjustment and continuous improvement – sharing knowledge with team and colleagues – to foster consistent superior service delivery and optimal working environment for all. • To learn to analyse claims data and provide specialist knowledge to clients and business to inform better business decisions and help clients prevent and mitigate losses.
- To work together with responsible underwriters to create and or support a compelling proposition to attract and retain desired business and provide support, as required, to our client partners
- To build and strengthen relationships with peers, brokers and service providers in the market.
- To proactively achieve required claims team strategic objectives and participate in business modernization initiatives to transform current claims proposition towards our vision for a TRUSTed, market-leading claims service proposition
- To understand, where relevant, all requirements around delegated claims procedures and oversight and treat all service providers and experts as extension of our team.
- To act as ambassador of our company, raising our profile in the market and proactively strengthening our claims reputation
Knowledge & Skills Required:
- Some experience in handling Reinsurance claims (preferable) with willingness to build relationships with relevant experts, brokers and co-insurers
- Degree/CII or similar professional qualification (desirable) or willingness to work towards
- Basic understanding of key principles and practices of London Market
- London Market Claims System (preferable) & Microsoft Office Knowledge e.g. ECF, Excel
- Willingness to travel and attend client events
Casualty Reinsurance Claims Specialist employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Casualty Reinsurance Claims Specialist
✨Tip Number 1
Familiarize yourself with the key principles and practices of the London Market. Understanding how this market operates will give you a significant advantage when discussing claims with clients and brokers.
✨Tip Number 2
Network actively within the reinsurance community. Attend industry events and engage with professionals on platforms like LinkedIn to build relationships that could lead to referrals or insights about the role.
✨Tip Number 3
Stay updated on regulatory requirements such as Lloyd’s, FCA, and PRA. Being knowledgeable about these regulations will demonstrate your commitment to compliance and enhance your credibility in the role.
✨Tip Number 4
Showcase your analytical skills by preparing to discuss how you would analyze claims data to inform business decisions. This will highlight your proactive approach and ability to contribute to the company's objectives.
We think you need these skills to ace Casualty Reinsurance Claims Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Casualty Reinsurance Claims Specialist position. Tailor your application to highlight relevant experience and skills that align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasize any previous experience handling reinsurance claims or similar roles. Provide specific examples of how you've successfully managed claims from FNOL to settlement, showcasing your ability to deliver superior service.
Showcase Your Skills: Mention your knowledge of the London Market and any relevant systems like ECF. If you have a degree or professional qualification, be sure to include this information prominently in your application.
Personalize Your Cover Letter: Craft a personalized cover letter that reflects your understanding of the company's values and culture. Discuss how you can contribute to their vision for a TRUSTed, market-leading claims service proposition and your willingness to foster collaboration and continuous improvement.
How to prepare for a job interview at Edenbrook
✨Understand the Claims Process
Make sure you have a solid grasp of the entire claims process, from First Notice of Loss (FNOL) to settlement. Be prepared to discuss how you would handle claims and ensure compliance with company policies and regulatory requirements.
✨Showcase Your Analytical Skills
Highlight your ability to analyze claims data and provide insights that can help clients mitigate losses. Prepare examples of how you've used data analysis in past roles to inform business decisions.
✨Emphasize Relationship Building
Demonstrate your willingness and ability to build strong relationships with brokers, clients, and internal stakeholders. Share specific instances where you've successfully collaborated with others to achieve common goals.
✨Be Ready for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making abilities in claims handling. Practice articulating your thought process and the steps you would take in various situations.