Claim Specialist – Short Tail

Description

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About Everest:

It’s an exciting time for Everest Group, Ltd. (“Everest”) As we continue on our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets.

Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people. 

Everest is a growth company offering Property, Casualty and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.

About the role:

Everest Insurance is looking for an experienced short tail insurance claims specialist to join our Claims Team in Singapore. The Short Tail claims portfolio includes property, energy, construction, marine, aviation and accident and health.

Reporting to a Head of Short Tail Claims, investigates, evaluates and resolves attritional and complex high-value property claims across APAC, providing oversight and management to external vendors including loss adjusters, lawyers, other external experts, TPAs etc, with a wide degree of latitude for independent judgment. Contributes across the organisation by providing input, advice and review to underwriters and actuaries, participates in onboarding and stewardship meetings with customers and influences operations.

Everest underwrite various classes of short tail / first party line of business and the successful candidate will have the opportunity to adjust and develop their technical skills in the specific class of business.

Key Responsibilities include but not limited to:

Highly developed analytical and claims adjusting skills

Experience handling a wide variety of short-tail / first party related claims

Review and analyse coverage and prepare appropriate coverage position letters, and work collaboratively with underwriters to support policy construction and drafting, reporting claim trends, data analysis, and risk assessments

Ability to review, analyse, investigate and evaluate property damage exposures, estimates, including physical damage, business interruption, subrogation and recovery

Management and direction of outside lawyers, including reviewing and approving legal and/or expense budgets and bills

Ability to manage, direct and audit independent vendors (loss adjusters, TPAs, assistance companies)

Preparation of case summary reports related to matters of significant reserve activity, and effective communication to key stakeholders

Timely and appropriate setting of claim reserves

Development and execution of claim strategies as well as resolution strategies

Negotiation and resolution of claims, including the attendance at trials, mediations and settlement discussions

Participate in claim reviews, quarterly claims reserving meetings, claim audits and peer reviews, and stewardship meetings

Identify issues and trends in the portfolio; take appropriate and/or corrective action where necessary; communicate insights and trends to underwriters, insureds, and brokers

Effective communication and collaboration with internal stakeholders (Claims Leadership, Underwriters, Finance, Actuaries, Ceded Reinsurance), and externally with insureds, co-insurers, brokers, TPAs, reinsurers and vendors

Attend client meetings and industry functions to support retention and development of client business and broker relationships

Performing similar work-related duties as assigned

Identify and monitor short tail claims trends and issues, providing insightful and actionable feedback to underwriters, local management, and the Heads of Claims, Pacific and APAC.

Qualifications, Education & Experience:

The ideal candidate will have 7+ years of Commercial Property, Energy, Power and Construction claims experience and 5+ years on most other short-tail / first party claims

Ability to evaluate coverage issues involving a wide variety of loss scenarios

Strong analytical and organizational skills

Excellent verbal and written communication skills

Strong negotiation and investigation skills

Ability to think strategically

Self-directed and organized

Ability to influence others and resolve complex, disputed claims

In-depth knowledge of the litigation, arbitration, and trial process

Ability to identify and use relevant data and metrics to best manage claims

Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency

Ability and willingness to present to senior management and to others in other group settings

Knowledge of the insurance industry, claims process and legal and regulatory environment

ACII qualified, degree educated professional is preferrable

Experience with a global insurance company working across multiple underwriting platforms, jurisdictions and markets

Some travel may be required

Knowledge, Skills & Competencies:

The candidate must champion the Everest Insurance Culture:

Collaboration: Open and transparent communication with customers and colleagues

Diversity, Equity, and Inclusion: Through a welcoming and open environment that values all individuals

Thoughtful Assumption of Risk: Supporting the Everest goal of carefully writing profitable business by ensuring data quality, prompt and accurate feedback to Underwriters, and operational control throughout the enterprise

Execution: Delivering outstanding support to the organisation through strong day-to-day business operations, effective project management, and careful oversight of vendors

Humility: Caring and respectful approach to service colleagues, customers, and the community

Leadership: By example, every day

The Everest Core Values are the foundation upon which we (a) conduct our work, and (b) conduct ourselves both internally with our colleagues, and externally with clients/customers. The Company's success and that of our employees begins with these values. All employees are expected to support and exhibit these values in their interactions with others and through their day-to-day responsibilities.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Clickto learn more about our culture.

Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion. 

Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together. 

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. 

Type:

Regular

Time Type:

Full time

Primary Location:

Singapore Insurance

Additional Locations:

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