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- Onboarding of new and existing claims DA
- Creation of claims DA agreements
- Oversight of claims DA performance
- Responsible for claims DA reporting
- Responsible for claims DA system upkeep
- Assisting claims DA manager with any project work
- Liaison with the necessary key stakeholders for claim audits and reviewing reports
- Assisting claims DA manager with maintaining oversight of claims DA loss funds
- Assisting claims DA manager with the upkeep of Lloyd's and Munich DA practices
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC) , ExCo and Board for Conduct Risk.
- You are required to comply with the PRA and FCA conduct rules:
- Good knowledge and understanding of:
- Underlying Principles of Insurance;
- Legal Principles;
- FSA and rules and regulations;
- Lloyds regulations;
- Good knowledge of claims delegated authorities
- Good knowledge of Lloyd's Standard Claims Reporting template (version 5.2)
- Good knowledge of market strategies
- All firm specific procedures that relate to own role;
- Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm.
- Willingness to continue to develop knowledge of policies, underwriting and related issues through formal and informal learning, both internally and externally to the firm.
- Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all sig`1nificant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.
- 2 years of insurance experience (desirable)
Claims Delegated Authority Analyst - London, United Kingdom - Munich Re Specialty Group
Description
The Role
What we are looking for
You to take a proactive approach to the management of delegated claims and look to uphold a quality claims service. To take account of applicable regulatory requirements.
Key Skills & Experience
Qualifications
Your career with us
At MRSG, you'll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more