Claims Handler with PI Expertise
1 day ago
Nashrock Insurance Recruitment invites applications for the position of Claims Handler with expertise in Professional Indemnity (PI) insurance. As a key member of our team, you will play a crucial role in handling incoming claims and supporting our Claims Managers in managing and reviewing claim files.
Job RequirementsThis role requires strong analytical and problem-solving skills, with the ability to evaluate competence levels and maintain accurate records. You will work closely with brokers, third-party experts, and colleagues to maintain ongoing relationships and operate to the highest standards of regulatory compliance.
Key Responsibilities:
- Maintaining data within the Claims Management System (CMS)
- Organizing and running reports from the CMS
- Managing claim files, including retrieving brokers' claim files, document management, scanning, and document retention
- Agreeing and settling claim bordereaux
- Settling valid covered claims upon selected accounts, subject to terms of individual authority
- Analyzing and reviewing individual claims on programs where managed syndicate leads and follows as required, subject to terms of individual authority
- Preparing various management reports for internal and external purposes as required
Qualifications and Experience:
- Professional Indemnity (PI) insurance knowledge
- UK business acumen
- Understanding of underwriting and reinsurance principles relevant to the role
- Familiarity with the insurance market, industry, and stakeholders
- Knowledge of the main issues affecting the insurance market
- Awareness of the standards and rules of regulatory bodies and internal procedures
- Understanding of the types of business transacted by the syndicate
- Proficiency in IT software (Word, Excel, etc.) used within the business
- Strong relationship building skills
- Negotiation skills development
- Decision-making skills development
- Financial awareness development
- Strong numeracy skills
- Analytical thinking
- Excellent communication skills
We offer a competitive salary range of $62,500-$82,500 per annum, depending on experience. If you are a skilled and experienced Claims Handler looking for a new challenge, we encourage you to apply.
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