Claims Technician based in the City
12 month contract
Salary to £40,000 per annum
About the Company:
An independent global reinsurance company that offers its clients an optimal level of security and value-added solutions.
About the Role:
The Claims Technician is a member of a small service team providing support to various departments of the Group. Management of treaty and facultative/direct losses reported to London through Xchanging and direct from brokers.
·Manage all claims aspects arising from assigned markets and/or lines of business in collaboration with Claims Specialists in accordance with established guidelines and procedures.
·Within a personal authority, handle, assess and respond promptly and appropriately to all individual loss presentations on the assigned business reviewing all aspects of coverage, legal liability, quantum and reserving.
·Monitoring and reporting to claims, underwriting, actuarial (pricing and reserving) details of claims movements likely to impact performance and/or development of the business
Main lines of business as follows:
·Treaty - Motor / PI / Property / Casualty
·Fac - Liability / Property / Construction / Marine, Offshore & Onshore Energy / Aviation / BI / UK Personal Injury / PL / EL
·Good technical knowledge of legal principles, policy wordings and insurance market practice relevant to the handling and reserving of claims
·Non-Marine experience ideally in Reinsurance
·Ideally have exposure to adjusting Motor Injury Claims
·High degree of data entry accuracy
·Knowledge of the London market practices, codes of conduct and industry bodies
·Good IT skills including Word, Excel and London Market Systems (ECF2)