At a Glance
- Tasks: Manage and adjust complex claims in Renewable Energy and other specialty areas.
- 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 energy and complex risk insurance.
- Qualifications: Significant claims handling experience 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.
Senior Claims Adjuster: Energy & Complex Risk 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 in the vibrant London Market, you will benefit from unparalleled professional development opportunities, a supportive team culture, and the chance to work on complex and impactful claims within the Renewable Energy sector. Join us to be part of a forward-thinking organisation that values diligence, curiosity, and continuous improvement, ensuring that you can thrive both personally and professionally.
Contact Details:
Munich Re Specialty - Global Markets, UK Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Claims Adjuster: Energy & Complex Risk
✨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 Senior Claims Adjuster role.
✨Tip Number 2
Prepare for those interviews by researching the company inside out. Understand their claims process and recent projects in Renewable Energy. We want to see you shine and show how you can contribute to our culture of positivity and continuous improvement!
✨Tip Number 3
Practice your pitch! Be ready to discuss your claims handling experience and how you’ve tackled complex issues in the past. We love hearing about your proactive approach and how you’ve built strong relationships with stakeholders.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we’re always looking for candidates who are eager to join our supportive environment and make a difference.
We think you need these skills to ace Senior Claims Adjuster: Energy & Complex Risk
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Claims Adjuster role. Highlight your relevant experience in claims handling, especially in areas like Renewable Energy and complex risks. 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 this role and how you can contribute to our culture of positivity and inclusion. Let us know what makes you the perfect fit for our team!
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Use specific examples to demonstrate how you've successfully managed claims or improved processes in your previous roles. We love seeing results!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
✨Know Your Claims Inside Out
Make sure you brush up on your knowledge of claims handling, especially in the areas of Renewable Energy and complex risks. Be prepared to discuss specific cases you've managed and how you approached them, as this will show your expertise and proactive mindset.
✨Showcase Your Collaborative Spirit
Since this role involves working with various stakeholders, be ready to share examples of how you've built strong business relationships in the past. Highlight your ability to work collaboratively and how it has led to successful outcomes in your previous roles.
✨Demonstrate Continuous Improvement Mindset
Talk about any initiatives you've led or participated in that aimed at improving processes or outcomes. This could be anything from streamlining claims processes to mentoring colleagues. Showing that you're committed to continuous improvement aligns perfectly with the culture they promote.
✨Understand the Regulatory Landscape
Familiarise yourself with the relevant regulations and guidelines that govern the insurance industry, particularly those related to claims. Being able to discuss how you ensure compliance in your work will demonstrate your thorough understanding of the role and its responsibilities.
