Reinsurance Jobs in California
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.
Monitor and coordinate reinsurance activity with product management, underwriting, claims management, capital management, valuation and legal teams....
Monitor and coordinate reinsurance activity with product management, underwriting, claims management, capital management, valuation and legal teams....
Job Type Full-time Description SUMMARY: The Reinsurance Coordinator is responsible for monitoring and preparing stop loss data and reports for use by carriers and internal management....
Minimum of three (3) years' claims handling experience required. Ability to work independently and work in a team environment. Ability to prioritize and meet deadlines on multiple projects....
Demographic Data for California
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Title Synonyms
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Salary for Reinsurance Jobs in California
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in California offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Business Analysis
- Implementation
- Claims Handling
- Waterfall
- User Acceptance Testing
- Data Migration
- Requirements Gathering
- Remote Support
- General Liability
- Property and Casualty Insurance
- Claims Management
- Professional Liability
- Annuities
- Underwriting
- Internal Control
- Insurance Claims
- Claims
- Generally Accepted Accounting Principles
- Financial Statements
- Account Reconciliation
- Reconciliations
- Financial Planning and Analysis
- Fraud Investigation
- Client Services
- Financial Reporting
- Reimbursement
- Microsoft Power BI
- Customer Satisfaction
- Risk Management
- Relationship Management
- Decision Making
- Finance
- Analytical Skills
- Accounting
- Auditing
- Negotiation
- Driving
- Presentation
- Employee Development
- Events
- Interpersonal Skills
- Flexibility
- Data Analysis
- Collaboration
- Reporting
- Documentation
- Bachelor's Degree
- Microsoft PowerPoint
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Time Management
- Research Skills
- Organization
- Scheduling
- Leadership
- Communication Skills
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