At a Glance
- Tasks: Manage and resolve claims in Professional Indemnity and other financial lines.
- Company: Join Starr, a rapidly growing global insurance and investment organisation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for career advancement.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Knowledge of claims processes and a passion for learning.
The predicted salary is between 40000 - 50000 € per year.
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever‑changing marketplace. Join us and become part of our talented and passionate workforce.
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
- 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.
- 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).
Claims Adjuster - Financial Lines employer: Starr
Starr is an exceptional employer that fosters a dynamic and inclusive work culture, providing employees with ample opportunities for professional growth and development in the insurance sector. With a global presence and a commitment to innovation, associates can expect to engage in meaningful work while collaborating with talented professionals across diverse teams. The company's focus on employee well-being and support for continuous learning makes it an attractive place for those seeking a rewarding career in claims management.
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 insurance industry, especially those who work with claims. Attend events, join online forums, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Professional Indemnity and other relevant classes. Be ready to discuss your experience with claims handling and negotiation strategies. We want to see your passion for the role, so show us how you can contribute to our high standards!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. At StudySmarter, we encourage you to check out our website for openings at Starr. Tailor your approach to highlight how your skills match their needs!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in making a lasting impression. It shows your enthusiasm for the position and keeps you fresh in their minds as they make their decision.
We think you need these skills to ace Claims Adjuster - Financial Lines
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Claims Adjuster role. Highlight your experience with Professional Indemnity and any relevant claims handling skills. We want to see how your background aligns with what we do at Starr!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about claims adjusting and how you can contribute to our team. Be sure to mention any specific experiences that relate to the responsibilities listed in the job description.
Showcase Your Technical Knowledge:We love candidates who are keen to learn! If you have knowledge of claims systems or are pursuing ACII, make sure to mention it. This shows us that you're serious about your professional development and ready to tackle complex claims.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about Starr and our culture!
How to prepare for a job interview at Starr
✨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 specific claims scenarios and strategies will show that you're not just familiar with the terms but can also apply them in real situations.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations or settlements you've been involved in. Highlight how you approached discussions on coverage and quantum, and be ready to explain your thought process. This will demonstrate your ability to handle complex claims effectively.
✨Familiarise Yourself with Claims Systems
If you have experience with claims systems like ECF or Docosoft, make sure to mention it. If not, do a bit of research to understand how these systems work. Showing that you're tech-savvy and can adapt to new tools will give you an edge.
✨Emphasise Collaboration
Talk about your experience working with brokers, clients, and loss adjusters. Share specific instances where collaboration led to successful outcomes. This will highlight your ability to work within a team and contribute to delivering high standards of service.
