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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 management liability and financial institution professional indemnity policies. Supports Beazley's vision of being the highest performing sustainable specialty insurer through proactively managing claims, at an individual and portfolio level where required.
Job Responsibility:
Proactively manage a diverse portfolio of management liability, employment practice, professional indemnity and crime claims
Handle claims from first notice of loss through resolution
Evaluate policy coverage in line with underwriting intent
Manage portfolio of medium to high severity claims
Review individual claims within the portfolio on a regular basis
Establish appropriate and timely case reserves
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
Maintain an awareness of the overall strategic objectives and business plans
Understand marketing and underwriting strategies for the business area
Join client meetings to share Beazley's claims philosophy
Provide input to underwriters of potential or existing insured's claims experience
Identify issues and trends
Identify wordings issues and suggest policy wording improvements
Leverage networking opportunities
Work with Claims team members and underwriters to maximize business opportunities
Help produce presentations and marketing literature
Operate within approved claims authority
Maintain a thorough knowledge of and ensure compliance with relevant regulation
Adhere to Beazley's procedures for the selection and retention of 3rd party professionals
Manage escalation of items from delegated partners
Conduct file reviews or audits
Provide feedback regarding claim actions undertaken by the Third-Party Administrator
Propose strategies for future claims handling
Work proactively to develop and maintain strong relations with key brokers and insureds
Promote the Beazley brand of excellence and professionalism
Adhere to Beazley's Conflicts of Interest policy
Advise of any potential conflicts of interest
Requirements:
Three or more years' experience handling commercial liability insurance claims, preferably under management liability and financial institution policies
Adjuster license(s) may be required as part of your job responsibilities
Legal training or claims experience, including assessing liability and negotiating settlements
Functional expertise includes: claims management procedures, knowledge of both US and international insurance markets (general and specialised areas), familiarity with US and global legal and regulatory frameworks, as well as alternative dispute resolution methods