Reinsurance Jobs in Batavia, IL
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.
Ceded Reinsurance Underwriting Manager
- Zurich Insurance Company Ltd.
- Schaumburg, IL (18 miles from Batavia, IL)
- 30+ days ago
- Schaumburg, IL (18 miles from Batavia, IL)
- 30+ days ago
p style=margin:0.0in;line-height:normalspan style=Zurich is currently hiring a Ceded Reinsurance Underwriting Manager in the US....
HybridClaims and Reinsurance Coordinator, Medical Malpra
- Illinois Health and Hospital Association
- Naperville, IL (11 miles from Batavia, IL)
- 5 days ago
- Naperville, IL (11 miles from Batavia, IL)
- 5 days ago
at Illinois Health and Hospital Association in Naperville, Illinois, United States Job Description Main Function: Responsible for the coordination and reporting of medical professional and general liability...
In Person- Zurich Insurance Company Ltd.
- Schaumburg, IL (18 miles from Batavia, IL)
- 21 days ago
- Schaumburg, IL (18 miles from Batavia, IL)
- 21 days ago
Zurich North America is currently hiring a Reinsurance Claims Analyst to join the Reinsurance Finance & Recoveries Team....
Hybrid Full TimeReinsurance Claims Analyst (RI0000000056)
- Zurich Insurance
- Schaumburg, IL (18 miles from Batavia, IL)
- 26 days ago
- Schaumburg, IL (18 miles from Batavia, IL)
- 26 days ago
Zurich North America is currently hiring a Reinsurance Claims Analyst to join the Reinsurance Finance & Recoveries Team....
Hybrid Full TimeReinsurance Claims Expert (Expert or Analyst)
- Zurich Insurance
- Schaumburg, IL (18 miles from Batavia, IL)
- 45+ days ago
- Schaumburg, IL (18 miles from Batavia, IL)
- 45+ days ago
with Claims, Claims Legal, Brokers, and Underwriting, particularly for large losses and litigation matters Coordinating with Claims Legal on privileged communications and tracking litigation and DJ...
Hybrid Full TimeDemographic Data for Batavia, IL
Moving to Batavia, IL? Find some basic demographic data about Batavia, IL below.
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Salary for Reinsurance Jobs in Batavia, IL
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Batavia, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Intellectual Property Law
- Motion Practice
- Drafting
- General Accounting
- Client Management
- Mergers & Acquisitions
- Research and Writing
- Business litigation
- Commercial Litigation
- Drafting Pleadings
- System Implementation
- Patent Prosecution
- International Financial Reporting Standards
- Capital Markets
- Complex Litigation
- Technical Accounting
- Class Action Litigation
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Annuities
- Underwriting
- Litigation
- Claims
- Financial Statements
- Variance Analysis
- Internal Control
- Generally Accepted Accounting Principles
- Financial Planning and Analysis
- Reconciliations
- Legal Research & Writing
- Financial Reporting
- Reimbursement
- Microsoft Power BI
- Risk Management
- Finance
- Decision Making
- Negotiation
- Accounting
- Auditing
- Business Development
- Consulting
- Presentation
- Process Improvement
- Driving
- Documentation
- Coaching
- Employee Development
- Reporting
- Collaboration
- Flexibility
- Sales
- Microsoft Excel
- Research Skills
- Microsoft Office
- Problem Solving
- Scheduling
- Leadership
- Communication Skills
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