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Job summary
A leading insurance company in London is seeking an individual to handle a diverse and complex claims portfolio. Responsibilities include managing claims, formulating strategies for high exposure cases, and ensuring accurate financials. The ideal candidate will have proven claims handling experience and sound knowledge of insurance practices, legal principles, and regulatory compliance.
Qualifications
- Proven claims handling experience within applicable business classes.
- Sound business knowledge of underlying principles of insurance practice.
- Understanding of FCA rules and regulations.
Responsibilities
- Manage and adjust claims within your portfolio.
- Formulate strategies for high exposure and complex claims.
- Ensure the accuracy of financials for claims.
Skills
This individual will be responsible for handling claims in a diverse and complex claims portfolio arising from (inter alia) their casualty, energy, marine liability, space, marine war, aviation (war and hull), political risks & credit, political violence & terrorism, product recall and XoL classes.
- Location: London
- Category: Claims
- Type: Permanent
Key Duties (Including but not limited to):
- Manage and adjust proactively inwards claims within your portfolio with respect to investigation, assessment, reserving, expense/ vendor management, and settlement in accordance with Claims guidelines and best practices.
- Formulate strategy on high exposure, litigated, coverage, and complex claims to ensure optimal claim outcome and timely escalation.
- Ensure the accuracy of financials for claims within your responsibility.
- Proven claims handling experience within the applicable business classes
- Sound business knowledge and understanding of: Underlying principles of insurance practice, Generic legal principles, FCA rules and regulations and Lloyd’s regulations
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.