Claims Adjuster - Accident & Health in London

Claims Adjuster - Accident & Health in London

London Full-Time 35000 - 45000 £ / year (est.) No working from home possible
Starr Insurance

At a Glance

  • Tasks: Evaluate and manage Accident & Health claims while ensuring compliance with company standards.
  • Company: Join a leading global insurance organisation with a rich history and innovative approach.
  • Benefits: Inclusive workplace, first-class training, and opportunities for career growth.
  • Other info: Diverse and supportive environment focused on merit and talent development.
  • Why this job: Make a real impact in the insurance industry while developing your skills.
  • Qualifications: 3-5 years of relevant claims experience and knowledge of the insurance sector.

The predicted salary is between 35000 - 45000 £ per year.

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Role Purpose

  • To assess and evaluate the recoverability of all Accident & Health and Travel claims on policies underwritten by the Company whilst operating in line with the claims procedure guidelines and general compliance/regulatory and Company procedures.
  • Handle claims in line with Starr and Lloyd’s Minimum Standards and your letter of authority.
  • Process Electronic Claim Files (ECF) and Settle Direct claims via DOCOsoft and in line with Starr and Lloyd’s Minimum Standards.
  • Effective management of Claims outcomes, including reporting to and sign off by the Claims Manager and or Senior Claims Adjuster, where appropriate.
  • Produce timely and accurate large loss forms for Senior Management’s review.
  • Attend client meetings with Underwriters and/or Claims Managers (UK or internationally) in order to provide specific claims handling expertise or relationship management for the account.
  • Ensure Coverholder / Delegated Claims Administrators (DCA’s) submissions are processed on time and are compliant with the Service Level Agreement and adhering to Starr standards through review and approval of claims in excess of delegated authority.
  • Ensure the DOCOsoft workflow, including diaries, are proactively managed and claims recorded accurately.
  • Ensure all relevant documentation is attached to each transaction and use comprehensive notes, outlining the current status and next steps, in order to enhance claims outcomes and reduce static claims.
  • Reviewing loss fund adequacy and pursue recovery of loss funds on prior years where appropriate.
  • Assist CST where required to ensure that claims errors/warnings for Syndicate Claims Messages (SCMs) and Underwriter Settlement Messages (USMs) are cleared by each month end.
  • Assist CST where required to ensure that claims errors/warnings for LIMCLM are cleared by each month end.
  • Monitor and manage ECF/Lirma incompletes.
  • Produce ad-hoc claims reports and statistical support to Claims Managers and Underwriters as required.

Experience Required

  • 3-5 years relevant claims experience.
  • Knowledge of specific line of business.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

Claims Adjuster - Accident & Health in London employer: Starr Insurance

Starr Insurance Companies is an exceptional employer, offering a dynamic work environment that fosters professional growth and inclusivity. With a commitment to employee development, we provide first-class training opportunities and encourage our team members to excel in their roles as Claims Adjusters. Located in a global hub for insurance, our employees benefit from a diverse and collaborative culture, ensuring meaningful and rewarding careers in the ever-evolving insurance landscape.

Starr Insurance

Contact Details:

Starr Insurance Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Claims Adjuster - Accident & Health in London

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

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Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Starr Insurance). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Starr Insurance. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Claims Adjuster - Accident & Health in London

Claims Assessment
Regulatory Compliance
Electronic Claim Files (ECF)
DOCOsoft
Claims Management
Client Relationship Management
Service Level Agreement Compliance

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 Starr Insurance.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Starr Insurance. 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 Starr Insurance

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Starr Insurance to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Starr Insurance, 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 Starr Insurance'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.