At a Glance
- Tasks: Handle complex reinsurance claims and support innovative business initiatives.
- Company: Join Hiscox, a leader in reinsurance and insurance-linked securities.
- Benefits: Enjoy hybrid working, career development, and a supportive culture.
- Other info: Embrace a diverse workplace with opportunities for growth and learning.
- Why this job: Make an impact in a dynamic team while developing your expertise.
- Qualifications: Experience in reinsurance claims and strong analytical skills required.
The predicted salary is between 70000 - 90000 £ per year.
About Hiscox Re & ILS
Hiscox Re & ILS is the reinsurance and insurance-linked securities business of the Hiscox Group, providing innovative reinsurance and third-party capital solutions.
The Opportunity
Join a high-performing reinsurance claims team responsible for handling complex treaty claims, supporting business initiatives, catastrophe reviews, reserving activities and market relationships.
Technical Skills
- Reinsurance claims handling and administration
- Inward treaty reinsurance claims handling
- Property, Casualty and Specialty Treaty claims knowledge
- Complex claims management and resolution
- Coverage analysis and policy interpretation
- Coverage eligibility assessment
- Reserving and financial exposure assessment
- Claims reserving and risk flag management
- Large loss and catastrophe claims management
- Catastrophe loss review and analysis
- Claims investigation and evaluation
- Claims payment and settlement calculations
- Authority-based claims decision making and referral management
- Portfolio and claims trend analysis
- Reporting, documentation and data interpretation
- Operational workflow management
- Proficiency in Microsoft Office (Excel, Word, PowerPoint)
Analytical & Commercial Skills
- Strong analytical thinking
- Sound commercial judgement
- Financial acumen
- Problem-solving capability
- Risk assessment and decision-making
- Exposure evaluation and loss impact assessment
- Data-driven decision making
- Portfolio performance analysis
- Commercial negotiation and settlement assessment
- Strategic thinking and business awareness
- Attention to detail
- Ability to interpret complex information and make recommendations
Relationship & Communication Skills
- Excellent written communication
- Strong verbal communication
- Stakeholder management
- Broker, client and cedant relationship management
- Cross-functional collaboration with Underwriting, Actuarial, Finance and Operations
- Market relationship development
- Ability to influence and collaborate effectively
- Technical guidance and knowledge sharing
- Presentation and reporting skills
- Ability to communicate complex claims matters clearly
- Customer-focused approach
Personal Attributes
- Proactive and self-motivated
- Strong organisational skills
- Ability to prioritise competing demands
- Team player with a collaborative mindset
- Adaptable and resilient
- Strong ownership and accountability
- Continuous improvement mindset
- Continuous learning mindset
- Ability to work independently and collaboratively
- Curiosity and willingness to develop expertise
- Commitment to exceptional service
- High levels of professionalism and integrity
Preferred Qualifications & Additional Expertise
- ACII, CPCU, ARe, AIC or equivalent professional qualification
- University degree or equivalent experience
- Knowledge of Letters of Credit (LOCs) and collateral management
- Experience with Tableau, Power BI or similar analytics tools
- Experience supporting claims projects and business initiatives
- Process improvement and operational transformation experience
- Exposure to catastrophe modelling and large-loss reviews
- Experience within Lloyd’s and international reinsurance markets
Why Join Hiscox?
Hiscox is recognised for underwriting excellence, innovation and empowering talented people to make decisions and build market-leading expertise.
Hybrid Working
This role offers a hybrid working environment balancing office collaboration and remote working.
Career Development
Professional qualifications, mentoring, technical training, leadership development and global market exposure are supported.
Diversity, Equity & Inclusion
Hiscox is committed to an inclusive workplace where diverse perspectives are welcomed and valued.
Reinsurance Claims Underwriter employer: Hiscox SA
Hiscox SA is an excellent employer, offering a dynamic hybrid work environment in London that fosters collaboration and innovation. With a strong commitment to employee growth, we provide comprehensive training and development opportunities, ensuring our team members thrive in their careers. Our inclusive culture not only values diversity but also encourages meaningful contributions, making it a rewarding place to work in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Claims Underwriter
✨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 Reinsurance Claims Underwriter
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.
