Reinsurance Jobs in South Dakota
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.
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Title Synonyms
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Salary for Reinsurance Jobs in South Dakota
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in South Dakota 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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