At a Glance
- Tasks: Handle complex claims and develop strategies in a dynamic insurance environment.
- Company: Join Starr, a global leader in commercial insurance with over a century of expertise.
- Benefits: First-class training, career growth opportunities, and an inclusive workplace culture.
- Other info: Collaborate with experienced colleagues and gain exposure to international claims.
- Why this job: Make impactful decisions and build lasting client relationships while growing your career.
- Qualifications: Knowledge of Professional Indemnity and strong communication skills are essential.
The predicted salary is between 35000 - 45000 £ per year.
Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
Role Purpose
This is an excellent opportunity for someone who is looking to develop their career in Financial Lines with an ability to work alongside experienced colleagues, gaining exposure to high-value and international claims while building their technical expertise and stakeholder management skills.
Key Responsibilities
- Handle claims arising from Professional Indemnity class along with some exposure to Directors and Officers, Financial Institutions and Cyber.
- Support the development and execution of claim strategies, including investigation, reserving and resolution.
- Handle a portfolio of claims within delegated authority, with appropriate oversight.
- Liaise with brokers, clients, loss adjusters and other external partners throughout the claims lifecycle.
- Support negotiations and settlements, including involvement in discussions on coverage and quantum.
- Maintain accurate and timely claims records, including use of claims systems and documentation.
- Assist with large loss reporting and internal updates.
- Contribute to delivering a high standard of claims service to clients and stakeholders.
- Collaborate with underwriting and other internal teams as required.
- Continuously develop technical knowledge and understanding of relevant classes of business.
Qualifications, skills and experience
Essential
- Knowledge of Professional Indemnity class of business.
- Ability to handle a portfolio of claims within delegated authority, with appropriate oversight.
- Liaison with brokers, clients, loss adjusters and other external partners throughout the claims lifecycle.
- Support negotiations and settlements, including involvement in discussions on coverage and quantum.
- Maintain accurate and timely claims records, including use of claims systems and documentation.
- Assist with large loss reporting and internal updates.
- Contribute to delivering a high standard of claims service to clients and stakeholders.
- Collaborate with underwriting and other internal teams as required.
- Continuously develop technical knowledge and understanding of relevant classes of business.
Desirable
- Exposure to complex claims across relevant lines of business.
- Knowledge of Directors and Officers, Financial Institutions and Cyber.
- Familiarity with claims systems (e.g. ECF, Docosoft).
- Progress towards, or interest in pursuing, ACII (or equivalent professional qualification).
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 - Financial Lines employer: Starr Underwriting
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Claims Adjuster - Financial Lines
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Starr. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Brush up on Professional Indemnity and other relevant classes. Show us you’re not just a candidate, but someone who’s genuinely interested in making an impact.
✨Tip Number 3
Practice your negotiation skills! Since you'll be involved in discussions on coverage and quantum, being able to articulate your thoughts clearly will set you apart. Role-play with a friend or use online resources to sharpen those skills.
✨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, it shows you’re serious about joining our team at Starr.
We think you need these skills to ace Claims Adjuster - Financial Lines
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Claims Adjuster role. Highlight any relevant experience in handling Professional Indemnity claims or similar areas, as this will catch our eye!
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 your background makes you a great fit for Starr. Don’t forget to mention your interest in developing your career in Financial Lines.
Showcase Your Communication Skills: Since liaising with brokers, clients, and other partners is key, make sure your application demonstrates your strong communication skills. Use clear and concise language to show us you can handle negotiations and settlements effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Starr!
How to prepare for a job interview at Starr Underwriting
✨Know Your Claims Inside Out
Make sure you brush up on your knowledge of Professional Indemnity and other relevant classes like Directors and Officers, Financial Institutions, and Cyber. Being able to discuss these topics confidently will show that you're serious about the role and understand the complexities involved.
✨Showcase Your Negotiation Skills
Prepare examples from your past experiences where you've successfully negotiated or resolved claims. Starr values impactful decision-making, so demonstrating your ability to handle negotiations and settlements will set you apart from other candidates.
✨Familiarise Yourself with Claims Systems
If you have experience with claims systems like ECF or Docosoft, be ready to talk about it. If not, do a bit of research to understand how these systems work. This will show your willingness to learn and adapt, which is crucial in a fast-paced environment like Starr.
✨Emphasise Team Collaboration
Starr thrives on collaboration, so think of instances where you've worked effectively with others, whether it's liaising with brokers or collaborating with internal teams. Highlighting your teamwork skills will demonstrate that you can contribute to the high standard of service they aim to deliver.