Reinsurance Jobs in Downers Grove, 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.
Principal - Business Line Risk Reinsurance
- Chicago, IL (20 miles from Downers Grove, IL)
- 1 day ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 1 day ago
The Work Itself Ally Dealership Insurance reinsurance renewals - broker coordination, submission, presentation, analytics, contract review Reinsurance framework and policies; reinsurer and reinsurance...
Remote WorkAVP, Reinsurance Treaty & Legacy
- Chicago, IL (20 miles from Downers Grove, IL)
- 1 day ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 1 day ago
Directs claims handling and philosophy for assumed legacy reinsurance business, seek opportunities for finality where possible....
Senior Reinsurance Claims Specialist-Public Entity
- Chicago, IL (20 miles from Downers Grove, IL)
- 6 days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 6 days ago
and casualty insurance products and services in North America....
- Chicago, IL (20 miles from Downers Grove, IL)
- 27 days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 27 days ago
We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business...
Head of US Healthcare Reinsurance
- Chicago, IL (20 miles from Downers Grove, IL)
- 60+ days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 60+ days ago
Head of US Healthcare Reinsurance How does this role contribute to our collective success?...
Underwriter Reinsurance-Credit & Surety North America
- Chicago, IL (20 miles from Downers Grove, IL)
- 90+ days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 90+ days ago
Prior surety reinsurance experience or Trade Credit, political risk underwriting....
Reinsurance Actuarial Senior Analyst
- Chicago, IL (20 miles from Downers Grove, IL)
- 90+ days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 90+ days ago
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 Downers Grove, IL
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Reinsurance Online Courses and Training Opportunities
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Salary for Reinsurance Jobs in Downers Grove, IL
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Downers Grove, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Business Processes
- Business Analysis
- Claims Handling
- Waterfall
- Test Cases
- User Acceptance Testing
- Data Migration
- Requirements Gathering
- Remote Support
- Gap Analysis
- Business Requirements
- General Liability
- Property and Casualty Insurance
- Claims Management
- Professional Liability
- Annuities
- Underwriting
- Internal Control
- Generally Accepted Accounting Principles
- Claims
- Account Reconciliation
- Health and Wellness
- Reconciliations
- Juris Doctor
- General Ledger
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Relationship Management
- Decision Making
- Finance
- Analytical Skills
- Auditing
- Negotiation
- Accounting
- Driving
- Presentation
- Mentoring
- Events
- Data Analysis
- Employee Development
- Documentation
- Flexibility
- Coaching
- Reporting
- Collaboration
- Interpersonal Skills
- Bachelor's Degree
- Microsoft PowerPoint
- Problem Solving
- Microsoft Office
- Microsoft Excel
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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