At a Glance
- Tasks: Conduct quality assurance audits and analyse claims data to enhance performance.
- Company: Join Hiscox, a dynamic international specialist insurer with a unique culture.
- Benefits: Enjoy hybrid working, competitive salary, and a commitment to diversity.
- Other info: Collaborate with diverse teams and enjoy excellent career growth opportunities.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Experience in claims quality assurance and strong analytical skills required.
The predicted salary is between 40000 - 50000 £ per year.
Position: Claims Quality Assurance Analyst
Reporting to: Group Head of Claims Quality Assurance & Governance
Type: Permanent, Full Time
Location: London (Hybrid)
The Team
The Quality Assurance & Governance team is comprised of professionals with deep operational and technical expertise. This team is instrumental in driving claims quality assurance and governance across Hiscox, acting as a central reference for best practices and continuous improvement initiatives. Team members regularly engage with stakeholders throughout the company, promoting standardized processes, calibration, and ongoing development in claims handling. Adaptability is essential, as the team responds to the evolving needs of diverse stakeholders. As part of the Claims Quality Assurance Centre of Excellence, team members gain valuable exposure to a variety of insurance products and have opportunities to collaborate with business leaders across the organization.
Key responsibilities
- Conducting comprehensive reviews of claims files to ensure compliance with regulatory and internal quality frameworks.
- Assessing adherence to Hiscox Claims Best Practices, identifying trends, and recommending corrective actions to enhance claims performance.
- Supporting the preparation of detailed management information (MI) and analytic reports, communicating key findings to relevant stakeholders, and supporting the development and implementation of training and remediation plans.
- Conducting Quality Assurance Audit, both internal & TPA, where appropriate, reviewing claims, measuring results against Hiscox’s best practice standards and regulatory requirements.
- Undertaking regular re-review of assessor reviews to ensure calibration in scoring and assessment.
- Data Analysis and Reporting – Supporting preparation of qualitative management information and analytical reports that highlight claims findings, emerging trends, and areas requiring attention.
- Synthesising data, presenting actionable recommendations, and ensuring clear communication with stakeholders to facilitate informed decision-making.
- Stakeholder Engagement - Collaborating with business units and management teams to provide constructive feedback, deliver training sessions, where appropriate, and propose remedial action plans, ensuring that best practices are embedded throughout the claims process.
- Maintaining a sound understanding of relevant classes of business, products and services within the London Market.
- Maintaining a sound understanding of relevant policies, processes and systems utilised by the London Market claims function.
- Maintaining an understanding of the legal and regulatory environment within which London Market operates.
Specification
- Claims Quality Assurance review handling is a must.
- Knowledge or experience of working in the Lloyds London Market.
- Experience of working across multiple internal and external teams including third party suppliers.
- Strong people and relationship building skills, notably influencing and negotiating.
- Excellent communication skills, both oral and written.
- Ability to analyse complex issues but also be pragmatic, commercial and solution orientated.
- Ability to use own initiative and confidence in making decisions, as well as ability to work within a team.
- Good commercial awareness.
About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things. We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance. This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
Claims Quality Assurance Analyst employer: Hiscox SA
Hiscox is an exceptional employer that fosters a dynamic and inclusive work culture, particularly for the Claims Quality Assurance Analyst role based in London. With a strong emphasis on employee growth, team collaboration, and innovative thinking, Hiscox offers a hybrid working model that promotes a healthy work-life balance while providing opportunities to engage with diverse stakeholders and enhance your professional skills in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Quality Assurance Analyst
✨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 Hiscox SA). 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 Hiscox SA. 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 Claims Quality Assurance Analyst
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 Hiscox SA.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hiscox SA. 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 Hiscox SA
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hiscox SA 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 Hiscox SA, 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 Hiscox SA'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.