At a Glance
- Tasks: Manage and resolve casualty claims while ensuring excellent customer service.
- Company: Join Liberty Specialty Markets, a leading global insurer with a vibrant culture.
- Benefits: Enjoy a supportive work environment, career development, and a healthy work-life balance.
- Other info: Opportunities for mentoring and professional growth in a dynamic setting.
- Why this job: Make a real impact in the insurance industry while working with a diverse team.
- Qualifications: Experience in casualty claims and strong communication skills are essential.
The predicted salary is between 48000 - 72000 £ per year.
Role Details
Role Title: Senior Claims Specialist - Casualty
Division: Third Party Claims
Team: Casualty Claims
Location: London
Type: Permanent
About the Role
- We are seeking an experienced and hard-working Senior Casualty Claims Specialist with a strong work ethic, to support our clients through delivery of a first-class claims and customer experience.
- Help achieve our vision of being a leading provider of innovative commercial claims solutions.
- Handling and resolving claims efficiently and fairly in accordance with the Claims Charter/Code of Conduct and Claims Process Guidelines.
- Working closely with the Casualty Claims Managers, the Head of Casualty Claims and Head of Third Party Claims to deliver company goals whilst promoting LSM\\\'s core values.
- The role will require strong technical knowledge, a flexible approach and sound claims handling judgement across all Casualty and associated lines of business to ensure outstanding customer service.
About the Department & Team
- LSM\\\'s Claims department handle claims through all stages from initial notification to conclusion including analysis of new notifications, policy coverage, liability and quantum, establishing and monitoring appropriate reserves and making claims payments as required.
- The Casualty Claims team handles claims across multiple classes of business including UK and Ireland, US High Excess and Environmental Impairment Liability.
Key Responsibilities
- Proactively handle of a cross section of Casualty claims from first advice to closure, investigate policy coverage, liability, quantum, set and review the reserve and strategy throughout the life of the claim.
- At all times follow the authority requirements, claims reserving philosophy and claims standards with appropriate referral.
- Working with internal and external stakeholders throughout the life of the claim, including but not limited to the policyholder, broker, co-insurers, actuaries and underwriters.
- Working constructively with and handling approved Panel lawyers, adjusters and TPA, including management oversight, provision of technical direction and financial authority as required
- Ensure good file maintenance and record keeping at all times.
- Promote the LSM Claims Charter and Code of Conduct delivering excellence in client service.
- Works with Claims Manager and Head of Casualty Claims supporting internal audit and reporting requirements.
- Contributing to the business\\\' thought leadership, developing new ideas, and research to support LSM\\\'s underwriting, and claims strategies.
- Enhancing the exposure and profile of the Claims team through the Claims+ offering, attendance at market meetings, and working with our Claims Business Development team to explore business development opportunities as required.
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM\\\'s commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively always demonstrate compliance with these requirements and behaviours. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Skills and Experience
- Established experience in the London Market in Casualty classes
- Requires advanced knowledge of claims handling concepts, practices, procedures and techniques, including, but not limited to coverage issues, product lines, marketing, IT and product competition within the marketplace.
- Knowledge of all relevant regulatory and legal requirements as required
- The ability to effectively interact with brokers, clients and internal stakeholders is essential.
- Strong verbal, written communication, presentation and organization skills.
- Strong negotiation, analytical and decision-making skills with experience in large loss reporting.
- Flexible with an understanding of claims in a changing environment to support the efficient operation of the claims team
- Able to identify, monitor and report on market loss trends.
- Experience in mentoring less experienced members of staff.
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why \"Put People First\" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
- A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
For more information, please follow the Liberty Specialty Markets Careers pages.
Senior Claims Specialist - Casualty in City of London employer: Liberty Specialty Markets
Liberty Specialty Markets is an exceptional employer, offering a vibrant and inclusive work environment in the heart of London. With a strong commitment to employee development and a culture that prioritises work-life balance, we empower our team members to thrive both personally and professionally. Join us to be part of a forward-thinking organisation that values diversity and innovation while providing meaningful opportunities for growth in the dynamic field of casualty claims.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Claims Specialist - Casualty in City of London
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We think you need these skills to ace Senior Claims Specialist - Casualty in City of London
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 Liberty Specialty Markets.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Liberty Specialty Markets. 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 Liberty Specialty Markets
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Liberty Specialty Markets to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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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 Liberty Specialty Markets, 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 Liberty Specialty Markets'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.