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.
**About the Role:**As a key legal advisor, you will provide strategic counsel on complexinsurance matters, including:- **Reinsurance agreements** - treaty and facultative contracts, XOL and QS reinsurance...
- Chicago, IL
- 2 days ago
- Chicago, IL
- 2 days ago
claims and high-exposure coverage and reinsurance matters....
VP, Head of Retrocession Reinsurance Technical Accounting & Administration, Americas
- Chicago, IL
- 4 days ago
- Chicago, IL
- 4 days ago
They effectively lead the P&C retrocession reinsurance accounting & administration teams, ensuring that day-to-day operations run smoothly....
What is Reinsurance? Basically, reinsurance is insurance for insurance companies; it's a sophisticated, growing and exciting area to launch and develop a career....
Manages team of ceded reinsurance claims handlers, ensuring appropriate claims handling in accordance with applicable contract requirements, as well as industry and company customs and practice....
Remote WorkInsurance Regulatory/Reinsurance Counsel - In House - LORIRI-CNP-4658
- Chicago, IL
- 23 days ago
- Chicago, IL
- 23 days ago
About the Role: As a key legal advisor, you will provide strategic counsel on complex insurance matters, including: Reinsurance agreements - treaty and facultative contracts, XOL and QS reinsurance...
CPCU, ARe designations preferred; Demonstrated knowledge of General Liability, Automobile Liability, Umbrella/Excess Liability coverage and risk analysis Knowledge of common facultative and treaty 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....
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...
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
- 45+ days ago
- Chicago, IL
- 45+ days ago
contracts within the reinsurance platform....
The Reinsurance Digital Product Manager manages product vision, product discovery, roadmaps, and backlog to maximize enterprise value....
Reporting Relationship AVP or above Skills, Knowledge & Abilities Extensive knowledge of reinsurance principles, practices and procedures for premium and claim handling....
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...
Demographic Data for Illinois
Moving to Illinois? Find some basic demographic data about Illinois below.
Reinsurance Online Courses and Training Opportunities
Title Synonyms
Users interested in this job title also searched for the following job titles
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
- Data Migration
- Sarbanes-Oxley Compliance
- Drafting Pleadings
- Technical Accounting
- General Liability
- Property and Casualty Insurance
- Personal Lines
- Professional Liability
- Claims Management
- Annuities
- Claims Processing
- Underwriting
- Claims
- Litigation
- Balance Sheets
- Generally Accepted Accounting Principles
- Financial Statements
- Account Reconciliation
- Juris Doctor
- Mediation
- Legal Research & Writing
- General Ledger
- Financial Reporting
- Financial Analysis
- Reimbursement
- Risk Management
- Finance
- Business Development
- SQL
- Accounting
- Decision Making
- Negotiation
- Written Communication
- Policy Administration
- Auditing
- Presentation
- Flexibility
- Documentation
- Reporting
- Employee Development
- Collaboration
- Microsoft PowerPoint
- Problem Solving
- Project Management
- Microsoft Office
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Research Skills
- Scheduling
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills