Claims Specialist Non-Life at Munich Re

Your Job:

• You will report into the Head of Claims.
• Manage and perform a legal review of major and complex claims.
• Managing claims (assessing indemnity and quantum within defined limits of authority/ultimate estimation of major losses and ongoing review of reserves for individual losses and loss complexes) with a focus on added value, for example by negotiating coverage, liability and allocation issues, initiating subrogation and collaborating with other Munich Re international organisations. Where required, deciding what type of claims or risks calls for special expertise (carrying out loss inspections, advising on risk prevention, etc.).
• Servicing, advising and monitoring our cedents with regards to claims matters; including if required conducting claims reviews and due diligence, and visits to client offices, also in cooperation with other Munich Re international organisations.
• Use new technologies and alternative solutions for claims-related portfolio analysis as well as supporting the development and distribution of Claims Digital Services.
• Provide support for client management and underwriting (claims feedback and lessons learned, advising on wording issues etc.).
• Foster expertise and synergies through cooperation within the claims units.
• Active contribution to working groups and in-/external workshops and events on current claims topics, including Knowledge transfer through training, presentations and seminars.
• Understand and comply with Claims guidelines and processes including but not limited to large losses, outliers and loss complexes.
• Be familiar with and understanding the reserving practices of clients; being able to assess the quality of reserves established and/or to ask critical questions about these.
• Develop and maintain sound relationships with clients.
• Provide excellent service and solutions that satisfy the needs of customers and stakeholders.
• State his/her position clearly and presenting it to individual persons and group.

Your Profile:

• Tertiary qualification: Legal would be an advantage.
• Insurance qualification (ACII,AIISA,ACILA etc) or studies towards an insurance qualification.
• Minimum 5 years’ experience in reinsurance claims environment. Alternatively 10 years claims handling/ management/loss adjusting and/or underwriting of property/engineering business. Knowledge of reinsurance would be an added advantage.

The closing date for this opening is 29 June 2023.