At a Glance
- Tasks: Onboard claims relationships, create agreements, and oversee performance in a dynamic insurance environment.
- Company: Join Munich Re Specialty, a leader in Primary Specialty Insurance with a supportive culture.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Encouraging environment for learning and career advancement; apply even if you don't meet every requirement!
- Why this job: Make a real impact in the insurance industry while developing your skills and knowledge.
- Qualifications: 2 years of insurance experience and a solid understanding of legal principles and regulations.
The predicted salary is between 60000 - 75000 £ per year.
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.
Responsibilities
- 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.
Knowledge and Skills
- 2 years of insurance experience.
- Good knowledge and understanding of underlying principles of insurance.
- Good knowledge and understanding of legal principles.
- Good knowledge and understanding of FSA and rules and regulations.
- Good knowledge and understanding of 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!
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Claims Delegated Authority Analyst in London employer: Munich Re Specialty - Global Markets, UK
At Munich Re Specialty – Global Markets, we pride ourselves on fostering a dynamic and inclusive work culture that empowers our employees to excel in their roles. As a Claims Delegated Authority Analyst, you will benefit from comprehensive training and development opportunities, ensuring your professional growth while contributing to our mission of delivering exceptional insurance solutions. Located in a vibrant city, our team enjoys a collaborative environment where innovation is encouraged, and every voice is valued, making it an ideal place for those seeking meaningful and rewarding employment.
Contact Details:
Munich Re Specialty - Global Markets, UK Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Claims Delegated Authority Analyst in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Claims Delegated Authority Analyst in 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 Munich Re Specialty - Global Markets, UK.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Munich Re Specialty - Global Markets, UK. 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 Munich Re Specialty - Global Markets, UK
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Munich Re Specialty - Global Markets, UK to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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✨Prepare for Behavioural Questions
As a full-timer at Munich Re Specialty - Global Markets, UK, 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 Munich Re Specialty - Global Markets, UK'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.
