Marine Claims Adjuster

Harrison Holgate
City of London, London
08 Jul 2017
07 Aug 2017
Contract Type
Full Time
A London Market insurance company seek a Marine Claims Adjuster on a 12 month maternity cover contract. Candidates will require previous Marine claims handling experience in order to be considered.

Key Responsibilities

Interprets policy coverages and determines if coverages apply to claims submitted, escalating issues as needed.
Sets activities, reserves and authorises payment within scope of authority, settling claims in most cost effective and timely manner. Ensures prompt issuance of disbursements while effectively managing loss costs and claim expenses.
Participates in performing investigations and evaluating claims through contact with insureds, claimants, witnesses and experts.
Identify and escalate serious claim developments to management efficiently and effectively.
Partners with legal counsel, account representatives, brokers, underwriters and insureds to develop a focused strategy for timely and cost effective resolution of claims.
Recognises need for negotiation, participates in planning strategy and negotiates within scope of authority.
Analyses claims activity and prepares reports for management review.
Responsible for input of data that accurately reflects claim circumstances and other information important to our business outcomes.
Keeps current on relevant issues, regulations and trends.

Skills, Knowledge & Experience

Knowledge of Marine Cargo/Liability claims and insurance industry theory and practices.
Developing technical expertise, product specific knowledge and negotiation skills.
Ability to negotiate and settle claims effectively.
Good analytical and problem solving skills. Demonstrates attention to detail.
The ability to exercise independent judgment and make sound business decisions effectively.
Appropriate knowledge of all relevant regulatory and legal requirements applicable to the position.