Senior Claims Adjuster

Senior Claims Adjuster - Political Risk and Credit Bond – UK &Lloyd’s

London, UK

At AXA XL we solve today’s complex risks to drive tomorrow’s innovation. We see our careers with AXA XL as a chance to unleash our potential globally. Cultivate expertise. Collaborate constantly. Analyze deeper. Dream bigger.

At AXA XL our Claims team sets us apart. Our experienced Claims professionals use their specialised expertise to handle even the most complex claims seamlessly. How do you make a good thing better? You focus on excellence and creating a culture of continuous improvement. You create an environment that fosters collaboration, customer service and colleague development. And you build a team of passionate and innovative claims experts who see success as a reason to roll up their sleeves and drive for improvement.

This is a rewarding and interesting permanent role, where you will manage our UK & Lloyd’s Political Risk claims across multiple jurisdictions.

You will be responsible for the Political Risk Claims portfolio emanating from business written from the UK ensuring technical and quality service levels are met. You will be responsible for driving files to resolution to achieve the best possible outcomes for AXA XL and its clients by resolving and settling claims proactively. Ensure appropriate management and oversight of internal and external relationships with early identification of issues and proactive resolution.

You will have the responsibility of the Political Risk Claims portfolio emanating from business written from the UK and ensure technical and quality service levels are met. You will take control for driving files to resolution focusing on achieving the best possible outcomes for AXA XL and clients by resolving and proactively settling claims. You will also provide appropriate management and oversee internal and external relationships, early identifying any issues and proactively finding solutions.

There is a heavy focus of working with underwriting counterparts and actuaries and external stakeholders, brokers and clients. You will also need to collaborate with Claims Leadership, Claims Practice, Claims Legal as required.You will also support other classes of business as required.

Your focus will be on working in close partnership with underwriting counterparts, actuaries, external stakeholders, brokers and clients and collaborating with Claims Leadership, Practice and Legal and supporting the Crisis Management team when needed.

This role will be based in our London office, however we are excited to be implementing our Smart Working initiative in the coming months offering a hybrid way of working, combining both remote and office working.

DISCOVERyour opportunity

What will your essential responsibilities include?

You will be responsible for coverage analysis, investigation, evaluation, reserving and resolution of a book of Political Risk claims in accordance with established guidelines, service standards, and regulations to meet AXA XL technical and quality service levels.

·Manage a portfolio of claims, including trend identification and reporting, oversight of large losses and problem-solving key issues as well as providing individual claim oversight using a consultative approach, and directly handle highly complex/ large loss files, as appropriate.

·Manage a strategic relationship with brokers, clients, actuaries, Practice and underwriters relative to the portfolio, including presenting at new business/renewal pitches and client training seminars.

·Supporting underwriting teams and partners in connection with claim trends, marketing and business development and retention activities.

·Review, evaluate and manage external vendor relationships by portfolio.

·Maintain necessary reporting and controls ( FIC, quality reviews) to ensure robust governance is in place.

·Drive culture of continuous improvement and learning.

·Work with management, Claims Legal and handler to identify and select appropriate counsel. Pro-actively manage litigation strategy on largest / complex claims and ensure local adherence to litigation management principles.

·Project manage key initiatives within product line and wider function and execute within agreed timescales.

·Active participation and accountability for the Quality Review Process for area of responsibility, continually looking for ways to improve.Work with key stakeholders on process review and improvement.

·Provide superior customer service to policyholders and brokers and ensure the same high customer service standards are upheld by all colleagues.Continually identify areas where client experience can be improved.

·There may be a requirement to undertake ad hoc international travel.

You will report to the Head of Specialty, Marine, Energy & Aerospace. 

SHARE your talent

We’re looking for someone who has these abilities and skills:

·Significant Political Risk claims experience

·Sound knowledge of geopolitical and economic issues

·Working knowledge of Lloyd’s minimum standards, Lloyd’s regulations and the subscription market (desired but not essential)

·Knowledge of legal entities and global claims handling in different jurisdictions

·Experience implementing new market initiatives and managing change

·Adaptability to learn other product lines

·Managing internal and external relationships proactively and effectively leading the market.

·Ability to manage resources including team workload allocation and pro-active management of vendor relationships in order to deliver on Product strategy.

·Ability to convey information in a clear, concise way to colleagues, senior management and peers.

·Acts as a leader and ambassador for AXA XL claims through presenting confidently and effectively at broker and client events and team meetings and supports underwriting teams and partners in connection with claim trends, marketing, and business development/retention activities.

·Skilled at working independently with minimal supervision from manager whilst ensuring work is done in the most effective way and SLAs are met.

·Ability to look for ways to improve day to day work. Identify areas where improvement requires and implement Continuous Improvement (“CI”) measures with team, acting as a CI champion and ambassador.

·Capable of overseeing large losses and reporting of trends

·Confident using data to inform decision making on portfolio, including reviewing claims dashboard to manage portfolio, reporting trends and analyzing problem areas including using data to manage experts.

·Ability to implement change in order to achieve departmental strategy, including communicating change effectively and providing support to the team through the change curve.

·Ability to lead projects within own department as well as participation and contribution to projects supporting global claims strategy.

FIND your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

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