Large Loss & Complex Claims Adjuster

  • Full Time
  • Anywhere

The Company/Background

This is a young Insurance company with an innovative vision; to provide drivers with cheaper car insurance, in exchange for sharing the risk of a claim. The company in Ireland is seeking to build a path and move forward and with 90% of their business originating in the UK are seeking to hire and onboard a strong individual, someone skilled in the Large Loss Claims area and bringing a level of expertise that will filter out to their colleagues.

The Role

The office in Dublin has a Large Loss team of three people and the CEO’s ambition is to increase this to four and reduce their claims from 40 down to 30 per head. He would prefer to have claims settled with no longer any liability attaching even if the ultimate settlement figure doesn’t differ all that much from  the reserved amount. You’ll join a team of seasoned and newish members but can expect to take ownership of a portfolio of claims and be expected to process an amount of these so that they’re no longer on the books. The portfolio of claims can range in size from £1M up to £50M but typically could have a potential liability of £25M in reserve attached. A successful first year would see you take that reserve and get this down to approximately €19M and closed off the books. You’ll deal with disputed liability claims with third party insurers, investigating the claims and following up on all legal matters (irrespective of jurisdiction) in attempting to prove liability. You’ll typically be handling claims with reserves between £5 and £20M and be expected to settle these in as short a period as possible. You’ll attempt to find a pathway through these claims, looking at indemnity/liability sit, examining processes of avoidance/cancellation and will focus and engage with these claims to arrive at outcomes that have a different third party cutting the cheques. Your role will be to prevent escalation and to arrive at good outcomes but also go beyond this to identify outcomes that will see your peers cutting the cheque.

The Person

You have a track record in and experience of engaging with more complex claims, ideally within the Motor Insurance space. Possessing an innate curiosity, you are able to arrive at different outcomes and conclusions by looking at claims in a “non-standard” manner, clearly demonstrating how you may have arrived at such outcomes in the past. You have an interest in engaging with the lower probability solutions and possess the energy to push these angles on the chunkier claims files. You are prepared to conduct some investigations, work hard and wear some leather in getting to the loci of accidents and gaining insight on the reconstructions. The ability to look at the total value of a claims portfolio and reduce the size by 4-5% in a year would be impressive and fit in with a team that’s constantly looking to whittle down the portfolios.

The Opportunity

Utilising your intelligence, coupled with an ability to find valuable processes for reserving large and complex claims as being key, you’ll have the opportunity to hone the technical chess that is Large Loss claims and to push probability in different directions.

Our client are unique in the sense that they have a significant amount of large and complex motor claims and they’ll harness your skills and knowledge in a way that will reward you intellectually and financially.

The Package

Completely open depending on the experience of the individual.

The Next Steps

Candidates interested in applying for this opening are asked to email their CV’s to [email protected]

Further information may be obtained by calling Gerard on 01-9065116

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