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An independent claims handler who will manage and oversee the end-to-end claims process for a wide variety of matters under Binding authority and Open Market policies issued to insured's mainly in UK, Australia, US and Canada. Supports Beazley's vision of being the highest performing sustainable specialty insurer through proactively managing claims, at an individual and portfolio level where required. Needs to be familiar with Binding Authority infrastructure including DCA management and compliance oversight.
Job Responsibility:
Manage and oversee the end-to-end claims process for a wide variety of matters under Binding authority and Open Market policies issued to insured's mainly in UK, Australia, US and Canada
Proactively manage a diverse portfolio of Property claims
Handle claims from first notice of loss through resolution, assessing severity, complexity, and direct financial loss to determine the appropriate level of involvement
Evaluate policy coverage in line with underwriting intent, draft clear and well-reasoned coverage position letters
Manage portfolio of medium to high severity claims, including Category 2 and some Category 1 claims
Review of individual claims within the portfolio on a regular basis ensuring claims records are maintained in a timely manner
Establish appropriate and timely case reserves adhering at all times to Beazley's authority protocols
Develop, iterate, document, and execute claims strategies
Ensure the management of claims conforms to the agreed standardized processes
Communicate any material claims to Reinsurance and Finance
Working with Reinsurance to effect claims recoveries
Understand and implement Beazley's Conduct Risk Policy
Contribute to the continuous improvement culture within the overall claims function
Requirements:
Three of more years' experience handling commercial Property insurance claims
Degree preferred but not required
Adjuster license(s) may be required as part of your job responsibilities. If required, those licenses must be obtained within the first 90 days of your employment and in accordance with an individual licensing plan established by Beazley Compliance and your Manager
Analytical skills: Problem solving (broad-based, analytical, conceptual, creativity), analysis of financial statements, financial assessments of claims, data analysis and decision-making
Work management skills: Time and workload management, self-starter, planning, achievement orientation, productivity focused
Interpersonal skills: Ability to influence others, client and broker management skills, purposeful communication, flexibility, active listening
Handling claims / managing portfolios within the delegated space
managing losses in excess of delegated authority and ensuring DCAs adhere to contractual and market expectations
Managed claims in UK, Australia and potentially US / Canada also