At a Glance
- Tasks: Deliver high-quality claims advocacy and manage client relationships effectively.
- Company: Dynamic insurance firm focused on innovative solutions and client success.
- Benefits: 25 days annual leave, private healthcare, hybrid working, and more perks.
- Other info: Enjoy a supportive environment with excellent career development prospects.
- Why this job: Join a team that values your growth and offers impactful career opportunities.
- Qualifications: Experience in UK commercial insurance claims and strong communication skills.
The predicted salary is between 40000 - 50000 £ per year.
The Loss Management Executive is responsible for delivering a high-quality claims advocacy service across a portfolio of clients. This role acts as the primary point of contact for general and strategic claims matters, ensuring efficient account management through excellent client service and the delivery of innovative technical, service, and commercial solutions. The role plays a key part in client retention, revenue generation, and new business acquisition by providing a differentiated and value-added claims offering.
The Role
- Client Relationship Management
- Develop a strong understanding of each client’s business, insurance arrangements, and risk exposures.
- Identify client claims needs and deliver tailored, innovative solutions that enhance service quality.
- Design and coordinate claims service solutions, collaborating with insurers, claims handlers, TPAs, loss adjusters, legal advisers, and other specialist providers.
- Analyse and report on claims performance, including executive summaries, scenario analysis, and claims triangulation, and present findings to clients at senior level.
- Lead meetings relating to complex or contentious claims, ensuring effective coordination of all relevant stakeholders.
- Business Development
- Support the delivery of business growth targets through proactive engagement in the claims element of the sales process.
- Contribute to the retention, development, and profitability of existing client relationships.
- Actively support renewals and tenders by providing innovative claims solutions and ensuring effective ongoing claims programme management.
- Identify mid-term revenue opportunities arising from claims activity, such as major losses or claims defensibility initiatives.
- Operational and Service Delivery
- Agree service specifications with Account Directors to ensure client needs are met while maintaining account profitability.
- Deliver end‑to‑end claims service in line with agreed policies, procedures, and service standards.
- Support revenue budgeting, forecasting, and monitoring with relevant stakeholders.
- Prepare and manage claims-related documentation, including claims handling agreements, service levels, delegated authorities, and run‑off or exit arrangements.
- Manage the performance and quality of service delivered by claims teams, account teams, and key external suppliers.
- Act as a technical referral point where appropriately qualified, under the guidance of senior technical colleagues.
- Claims Strategy and Market Engagement
- Develop and implement claims strategies aligned to the client’s insurance history, claims profile, and risk financing approach.
- Provide claims analysis and statistics to support renewals, tenders, and market presentations.
- Attend internal client review meetings and provide comprehensive claims insights to support retention and broking strategies.
- Build strong working relationships with Client Relationship Directors, Account Directors, and Account Executives to ensure effective market access.
- General Responsibilities
- Support the organization’s operational governance and risk management processes.
- Maintain all relevant qualifications and Continuing Professional Development (CPD).
- Keep knowledge current regarding industry sectors, claims trends, and insurance market developments, sharing expertise with colleagues.
- Undertake any other duties appropriate to the role and level of responsibility.
Qualifications
What you’ll bring
- Significant, hands‑on experience in UK commercial insurance claims, with a strong emphasis on major and complex losses.
- Deep technical knowledge of insurance products, policy wordings, and insurance market practices.
- Proven experience in Property Damage claims within complex loss environments.
- Excellent interpersonal and communication skills, with the ability to influence and build credibility with senior internal and external stakeholders.
- A strong client advocacy approach, with a track record of delivering consistently high levels of service.
- Experience operating within structured claims processes, systems, and governance frameworks.
- Professional insurance qualifications such as ACII, CII, or CILA are preferred, or equivalent relevant industry experience.
What we offer
Enjoy a benefits package designed to help you thrive, both professionally and personally. You’ll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle‑to‑work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
Equal Opportunity Employer
We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants.
Loss Management Executive in Reading employer: Willis Towers Watson
Contact Detail:
Willis Towers Watson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loss Management Executive in Reading
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its claims processes. Understand their client base and think about how your experience can add value. Tailor your responses to show you’re not just a fit for the role, but also for their culture.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family to get comfortable with common questions. Focus on articulating your experience in managing complex claims and how you’ve successfully built client relationships in the past.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. So, go ahead and submit your application today!
We think you need these skills to ace Loss Management Executive in Reading
Some tips for your application 🫡
Know Your Stuff: Before you start writing, make sure you understand the role of a Loss Management Executive inside out. Familiarise yourself with claims advocacy, client relationship management, and the insurance market. This will help you tailor your application to show that you’re the perfect fit for us.
Showcase Your Experience: Highlight your hands-on experience in UK commercial insurance claims, especially with major and complex losses. Use specific examples to demonstrate how you've successfully managed client relationships and delivered high-quality service. We want to see what makes you stand out!
Be Personable: Your application should reflect your excellent interpersonal skills. Write in a friendly yet professional tone, and don’t shy away from showing your personality. Remember, we’re looking for someone who can build credibility with clients and stakeholders alike.
Apply Through Our Website: Once you’ve polished your application, make sure to submit it through our website. It’s the best way to ensure it gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Willis Towers Watson
✨Know Your Clients Inside Out
Before the interview, take time to research the company’s clients and their specific needs. Understanding their business, insurance arrangements, and risk exposures will help you demonstrate your ability to deliver tailored solutions during the interview.
✨Showcase Your Claims Expertise
Be prepared to discuss your hands-on experience with UK commercial insurance claims, especially major and complex losses. Bring examples of how you've successfully managed claims processes and delivered high-quality service to clients, as this will highlight your technical knowledge and client advocacy approach.
✨Demonstrate Strong Communication Skills
Since the role involves influencing senior stakeholders, practice articulating your thoughts clearly and confidently. Use examples from your past experiences where you effectively communicated complex claims matters to clients or colleagues, showcasing your interpersonal skills.
✨Prepare for Business Development Discussions
Think about how you can contribute to business growth targets. Be ready to discuss innovative claims solutions you've implemented in the past and how they led to client retention or new business acquisition. This will show your proactive engagement in the sales process and your understanding of the market.