At a Glance
- Tasks: Manage and adjust complex claims in renewable energy and other sectors.
- Company: Join Munich Re Specialty, a leader in Primary Specialty Insurance.
- Benefits: Competitive salary, professional development, and a supportive work culture.
- Other info: Opportunity for mentorship and career growth in a dynamic environment.
- Why this job: Make a real impact in the evolving field of renewable energy claims.
- Qualifications: Experience in claims handling and relevant professional qualifications required.
The predicted salary is between 60000 - 80000 £ per year.
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.
This is an important role in our growing Specialty, Property & Casualty London Market portfolio handling claims in a diverse and complex claims portfolio arising from Renewable Energy, Casualty (US and International), Liability (Marine and Energy), Space, Political Risks & Credit, and Political Violence & Terrorism. This role will be primarily responsible for Green Solutions/ Renewable Energy claims, supporting other lines of business within the portfolio as needed.
The Senior Claims Adjuster will be part of a leading market team which promotes a culture of diligence, curiosity, positivity and inclusion within the organisation. They will be expected to take a proactive approach to the management of claims and to provide a quality claims service, which pays valid claims promptly and sets reserves in line with our reserving philosophy whilst taking account of applicable regulatory requirements. This individual will take the lead on continuous improvements in the reserving and settlement process of losses in collaboration with other key stakeholders.
Responsibilities- Manage and adjust proactively inwards claims within your portfolio with respect to investigation, assessment, reserving, expense/vendor management, and settlement in accordance with Claims guidelines and best practices.
- Formulate strategy on high exposure, litigated, coverage, and complex claims to ensure optimal claim outcome and timely escalation.
- Ensure the accuracy of financials for claims within your responsibility, including suitable and timely reserves.
- Identify, report on and present key claim issues, large or complex claims, claim trends and product improvement recommendations to internal and external stakeholders.
- Ensure relevant records are made and kept in accordance with Claims guidelines and best practices.
- Work collaboratively and help develop strong business relationships with a wide array of internal and external partners to strengthen the business through market meetings, thought leadership and best-in-class service.
- Manage and provide assistance with delegation and/or International Distribution Companies as needed.
- Model and promote a culture of positivity, inclusion, and continuous improvement to maximum employee engagement.
- Mentor and develop colleagues ensuring opportunities to continually progress and reach their full potential.
- Assist in the handling of complaints and any other regulatory matter as per Munich Re guidelines.
- Proactively participate in initiatives, projects and other tasks related to the role and business when required.
- 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.
- Significant relevant professional experience.
- Relevant professional qualification(s).
- Proven claims handling experience within the applicable business classes.
- Sound business knowledge and understanding of the following:
- Underlying principles of insurance practice.
- Generic legal principles.
- FCA rules and regulations.
- Lloyd’s regulations.
- Demonstrate clear understanding of all company specific procedures that relate to own role.
- Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the organisation.
- Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation.
- Identify, where relevant, any potential risks facing the business and the controls that are in place to mitigate them.
- Report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.
- Good knowledge and understanding of claims within authority level.
Claims Adjuster, Energy & Complex Risk Claims 1 employer: Munich Re Specialty - Global Markets, UK
At Munich Re Specialty – Global Markets, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to excel in their roles. As a Senior Claims Adjuster, you will benefit from our commitment to professional development, with ample opportunities for mentorship and growth within the rapidly evolving field of Specialty Insurance. Our London office not only offers a vibrant city atmosphere but also promotes a culture of positivity and collaboration, ensuring that every team member feels valued and engaged in their work.
Contact Details:
Munich Re Specialty - Global Markets, UK Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Claims Adjuster, Energy & Complex Risk Claims 1
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for those interviews! Research the company and the role inside out. We want to see you shine, so practice common interview questions and think about how your experience aligns with the claims adjuster role.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm and keeps you fresh in their minds. We love seeing candidates who are proactive!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for passionate individuals to join our team!
We think you need these skills to ace Claims Adjuster, Energy & Complex Risk Claims 1
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Claims Adjuster role. Highlight your relevant experience in handling complex claims, especially in areas like Renewable Energy and Liability. We want to see how your skills align with our mission at Munich Re Specialty!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our culture of positivity and inclusion. Let us know what makes you tick and why you’re the perfect fit for our team.
Showcase Your Problem-Solving Skills:In your application, don’t forget to showcase your problem-solving abilities. We love candidates who can think on their feet and come up with innovative solutions for complex claims. Share examples that demonstrate your proactive approach!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll get to explore more about our company while you’re at it!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
✨Know Your Claims Inside Out
Before the interview, make sure you brush up on your knowledge of claims handling, especially in areas like Renewable Energy and Political Risks. Familiarise yourself with the specific challenges and trends in these sectors, as this will show your potential employer that you're not just interested in the role, but also understand the complexities involved.
✨Showcase Your Proactive Approach
During the interview, highlight examples from your past experience where you've taken a proactive approach to managing claims. Discuss how you formulated strategies for high exposure or complex claims, and be ready to explain how you ensured timely resolutions while adhering to best practices.
✨Demonstrate Collaboration Skills
This role requires strong collaboration with various stakeholders. Be prepared to share instances where you've successfully built relationships with internal and external partners. Emphasise your ability to work within a team and how you’ve contributed to a positive and inclusive work culture.
✨Prepare for Regulatory Questions
Given the importance of compliance in this role, expect questions about FCA rules, Lloyd’s regulations, and company-specific procedures. Brush up on these topics and be ready to discuss how you’ve navigated regulatory matters in your previous roles, ensuring that you can demonstrate your understanding of the legal landscape.
