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For Companies At a Glance
- Tasks: Manage claims from start to finish, ensuring smooth communication with markets and clients.
- Company: Join a top-tier Lloyds broker known for its expertise in delegated authority agreements.
- Benefits: Enjoy a competitive salary, hybrid work options, and an annual bonus.
- Why this job: Be part of a reputable firm with a strong culture and impactful work in the insurance sector.
- Qualifications: Solid experience in professional indemnity claims and knowledge of Lloyds market processes required.
- Other info: Permanent contract with a salary range of £45,000 to £65,000 p.a.
The predicted salary is between 45000 - 65000 £ per year.
Your new employer is an established, independent Lloyds broker based in the heart of the City of London. Over the past 15 years they have built an enviable reputation as a specialist in the development, placement and servicing of delegated authority agreements on behalf of clients in addition to underwriting on in-house facilities.
Role overview
Our client is seeking to hire an experienced London Market claims broker to assume management of North American, Australian, UK & European TP and in-house binder claims. Classes of insurance will be biased towards professional indemnity (traditional & non-traditional) professions but will also include med mal, general liability and some property/construction.
- You will manage claims form initial notification through to closure
- Ensure markets are advised of new claims and updated on existing cases
- Processing, monitoring and reconciling claims bordereaux.
- Supervision of TPA loss funds.
- Management of large and complex losses.
- Negotiating settlements with insurers
- Resolving queries with markets and clients.
- Maintain relationships with TPA’s, attorneys and adjusters.
What you need to show
- Solid experience of professional indemnity claims is essential.
- In-depth understanding of Lloyds and Company market claims processes and protocols
- Ability to utilise ECF and IMR
What is on offer
- Permanent contract
- Salary from £45,000 to £65,000 p.a.
- Excellent benefits and annual bonus
- Hybrid working options
Ref ~ 9939
Interested? Please apply today, and we will contact you by return.
MW Appointments has been recruiting in the insurance market since 1992, so you will benefit from partnering with a market leader with in-depth technical understanding, comprehensive market insight, and well-established relationships across the insurance sector.
Claims Broker employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Claims Broker
✨Tip Number 1
Make sure to highlight your experience with professional indemnity claims during any networking opportunities. Connect with professionals in the London Market and discuss your expertise, as personal recommendations can go a long way.
✨Tip Number 2
Familiarize yourself with the specific claims processes and protocols of Lloyds and Company markets. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 3
Engage with industry-related events or webinars focused on claims management. This will not only expand your network but also keep you updated on the latest trends and practices in the insurance sector.
✨Tip Number 4
Consider reaching out to current or former employees of the company to gain insights into their culture and expectations. This information can be invaluable during your interview process and help you tailor your approach.
We think you need these skills to ace Claims Broker
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Claims Broker position. Highlight key responsibilities and required skills, such as experience with professional indemnity claims and knowledge of Lloyds market processes.
Tailor Your CV: Customize your CV to reflect your relevant experience in managing claims, particularly in professional indemnity and other specified classes. Use specific examples that demonstrate your expertise in handling complex losses and negotiating settlements.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the requirements of the role. Emphasize your understanding of the London Market and your ability to maintain relationships with TPAs, attorneys, and adjusters.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no grammatical errors or typos, as attention to detail is crucial in the insurance industry.
How to prepare for a job interview at MW Appointments
✨Showcase Your Experience
Make sure to highlight your solid experience with professional indemnity claims. Be prepared to discuss specific cases you've managed and the outcomes, as this will demonstrate your expertise in the field.
✨Understand the Market
Familiarize yourself with Lloyds and Company market claims processes and protocols. Showing that you have a deep understanding of these processes will set you apart from other candidates.
✨Demonstrate Negotiation Skills
Since negotiating settlements with insurers is a key part of the role, be ready to provide examples of successful negotiations you've conducted in the past. This will illustrate your ability to handle complex situations effectively.
✨Build Rapport
Emphasize your ability to maintain relationships with TPAs, attorneys, and adjusters. Discuss how you’ve successfully built and maintained these relationships in previous roles, as this is crucial for the position.
