Reinsurance Jobs in Illinois
Reinsurance is a financial tool that insurance companies use to manage risk. Essentially, it involves insurance companies transferring portions of their risk portfolios to other parties to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. In other words, it is insurance for insurance companies. Reinsurance enables insurance companies to remain solvent by recovering part or all amounts paid to claimants. Further, reinsurance also provides insurance companies the capacity to underwrite policies that cover a larger volume of risks without excessively raising the costs of covering their solvency margins.
Individuals seeking roles in Reinsurance should have strong analytical, decision-making, and negotiation skills. Moreover, having a deep understanding of risk analysis, financial markets, and regulatory requirements are also essential. A certification as a Chartered Property Casualty Underwriter (CPCU) or Associate in Reinsurance (ARe) might be required. Some typical roles a person may have before becoming a Reinsurance Professional include Underwriter, Claims Adjuster, or Risk Analyst. These roles provide the necessary experience and understanding of risk assessment and financial implications critical for a career in reinsurance.
Skills and experience that will lead to success 5+ years of work experience in Reinsurance and/or P&C insurance industry. Excellent knowledge and understanding of reinsurance....
Reinsurance experience preferred. Proficiency in Reserving and Pricing....
Director - Reinsurance Analytics (Agriculture Analytics) Based in Bloomington, MN; Chicago, IL; or New York, NY, and reporting through Reinsurance Analytics, the role is for an individual with agriculture...
The individual will work in Aon's reinsurance mortgage analytics team to deliver value added reinsurance solutions to our clients....
We are looking for candidates with an understanding of insurance coverage issues under professional liability, general liability, and directors and officers insurance policies, as well as extensive...
Bachelor's degree CPCU or ARE designation or progression towards is preferred but not required Excellent knowledge and understanding of commercial property insurance (previous experience in reinsurance...
contracts within the reinsurance platform....
TAI Software automates reinsurance administration for life, annuity and longevity business and TAI Services helps identify and solve areas of reinsurance risk....
Vice President, Ceded Reinsurance Operations - R6107_45031376178_0-4346
- Chicago, IL
- 14 days ago
- Chicago, IL
- 14 days ago
contracts within the reinsurance platform....
The Reinsurance Digital Product Manager manages product vision, product discovery, roadmaps, and backlog to maximize enterprise value....
their reinsurance team....
Reporting Relationship AVP or above Skills, Knowledge & Abilities Extensive knowledge of reinsurance principles, practices and procedures for premium and claim handling....
(Such as CPCU, ARM, or similar certification) #LI-KC1 #LI-Hybrid I n certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role....
Job Title: Reinsurance Actuarial Senior Analyst Location: Chicago, IL Work Style: Hybrid As an Actuarial Analyst you will have responsibility for managing and completing projects across several P&C...
AVP, Reinsurance Underwriting - R5977_45031376178_0-4346
- Chicago, IL
- 30+ days ago
- Chicago, IL
- 30+ days ago
at EVEREST REINSURANCE CO in Chicago, Illinois, United States Job Description Title: AVP, Reinsurance Underwriting Company: Everest Reinsurance Company Job Category: Underwriting Job Description: About...
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Salary for Reinsurance Jobs in Illinois
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Illinois offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Motion Practice
- Drafting
- Client Management
- Claims Handling
- Waterfall
- Research and Writing
- Commercial Litigation
- Controllership
- Drafting Pleadings
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Property Insurance
- Insurance Underwriting
- Annuities
- Claims Processing
- Arbitration
- Underwriting
- Claims
- Balance Sheets
- Litigation
- Generally Accepted Accounting Principles
- Insurance Claims
- Juris Doctor
- Reconciliations
- Legal Research & Writing
- Client Services
- Financial Analysis
- Reimbursement
- Relationship Management
- Risk Management
- Finance
- Business Development
- Military Background
- Accounting
- Decision Making
- Negotiation
- Auditing
- Flexibility
- Documentation
- Collaboration
- Interpersonal Skills
- Reporting
- Employee Development
- Sales
- Microsoft Office
- Microsoft Excel
- Problem Solving
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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