Financial Lines Claims Specialist
Financial Lines Claims Specialist
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Job Description
Chubb celebrates diversity by fostering an inclusive flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. We are open to discussing workplace flexibility in all our vacancies to ensure we can attract the best candidates and accommodate individual needs differences disabilities and working arrangements. Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self.
Chubb is a world leader in insurance. With operations in 54 countries and territories Chubb provides commercial and personal property and casualty insurance personal accident and supplemental health insurance reinsurance and life insurance to a diverse group of clients. As an underwriting company we assess assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings broad distribution capabilities exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich New York London Paris and other locations and employs approximately 40000 people worldwide. Additional information can be found at: .
Your Role
The purpose of this role is to produce a highquality work product through effective investigating reserving and adjusting of claims within your client base.
Your Responsibilities:
- Analyse first report of claim suit or underlying material to determine nature of loss coverage provided and scope of damage
- Conduct or direct needed investigation relative to all aspects of reported claims. Secure and/or file all supporting documentation and verify same for accuracy relationship and completeness
- Establish accurate and timely reserves
- Maintain active diary to achieve timely development of file and timely disposition
- Provide exceptional service standards in line with best practice guidelines
- Practise sound litigation controls over counsel
- Promptly and properly document all developments in claim file
- Meet with appropriate parties to litigation or claims as necessary to resolve issues
- Effectively communicate with the following: Claim Department Customer Services Loss Control Underwriting Departments brokers insureds counsel third parties and/or their legal representatives
- May direct claim representatives to participate in file development and subrogation
- Adhere to Insurance Contracts Act and all other relevant statutory rules and regulations
- Effectively control the use work product and expenses of outside vendors
- Exercise good judgement in reaching final disposition of claim by evaluating nature of loss liability injury/damage coverage provided and applicable limits
- Participate in branch marketing efforts
- Such other duties as may be delegated by the Claims manager
Qualifications
- A tertiary qualification (law degree desirable but not required)
- Investigation techniques
- Written and verbal communication skills relative to claims handling
- Insurance policies and the Insurance Contracts Act
- Legal requirements and regulations
- Damage and/or loss evaluation
- Negotiations
- Industry trends
- Litigation procedures
- Reserving skills
- Chubb Claims Philosophy
We offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career both locally and globally. We also offer a flexible working approach via our My One Thing initiative education assistance dress for your day every Friday promotion of health and wellbeing (including discounted health insurance daily breakfast and fresh fruit) and the option to enrol into the Chubb Limited discounted stock purchasing scheme.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
