Claims Delegated Authority Analyst in Manchester

About us At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals. Please see our website for more information.

Claims Delegated Authority Analyst

To take a proactive approach to the management of delegated claims and look to uphold a quality claims service. To take account of applicable regulatory requirements.

• Onboarding of new and existing claims DA relationships
• Creation of claims DA agreements
• Oversight of claims DA performance
• Responsible for claims DA reporting
• Responsible for claims DA system upkeep
• Assisting claims DA manager with any project work
• Liaison with the necessary key stakeholders for claim audits and reviewing reports
• Assisting claims DA manager with maintaining oversight of claims DA loss funds
• Assisting claims DA manager with the upkeep of Lloyd's and Munich DA practices
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

• 2 years of insurance experience.
• Good knowledge and understanding of: Underlying Principles of Insurance; Legal Principles; FSA and rules and regulations; Lloyds regulations;
• Good knowledge of claims delegated authorities.
• Good knowledge of Lloyd's Standard Claims Reporting template (version 5.2).
• Good knowledge of market strategies.
• All firm specific procedures that relate to own role;
• Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm.
• Willingness to continue to develop knowledge of policies, underwriting and related issues through formal and informal learning, both internally and externally to the firm.
• Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

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