Reinsurance Jobs in Orland Park, 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.
VP I, CRO & Reinsurance Risk Manager North America
- Everest Group Ltd.
- Chicago, IL (21 miles from Orland Park, IL)
- 4 days ago
- Chicago, IL (21 miles from Orland Park, IL)
- 4 days ago
Logan and all Reinsurance Underwriting teams across the firm (incoming and outgoing), collaborating closely with the other ERM leaders....
HybridClaims and Reinsurance Coordinator, Medical Malpra
- Illinois Health and Hospital Association
- Naperville, IL (18 miles from Orland Park, IL)
- 5 days ago
- Naperville, IL (18 miles from Orland Park, 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 PersonSenior Administrative Assistant, Global Reinsurance
- The Hartford
- Chicago, IL (21 miles from Orland Park, IL)
- 15 days ago
- Chicago, IL (21 miles from Orland Park, IL)
- 15 days ago
Deliver exceptional customer service and build strong working relationships across Global Reinsurance, CSPR, underwriting, operations, finance, actuarial, and broader enterprise teams....
Hybrid- Argo Group International Holdings Ltd.
- Chicago, IL (21 miles from Orland Park, IL)
- 16 days ago
- Chicago, IL (21 miles from Orland Park, IL)
- 16 days ago
Company Shared Services Argo and Farm Family are specialty property and casualty insurance brands whose underwriting companies are wholly-owned subsidaries of Clearbrook Holdings Inc....
In Person- SageSure Insurance Managers
- Chicago, IL (21 miles from Orland Park, IL)
- 23 days ago
- Chicago, IL (21 miles from Orland Park, IL)
- 23 days ago
Since its founding in 2009, SageSure has experienced exceptional growth while generating underwriting profits for carrier partners through hurricanes, wildfires, and hail....
In PersonSenior Analyst, Ceded Reinsurance
- SageSure Insurance Managers
- Chicago, IL (21 miles from Orland Park, IL)
- 23 days ago
- Chicago, IL (21 miles from Orland Park, IL)
- 23 days ago
, including underwriting and claims Track and report on reinsurer support across SageSure programs, including limits placed across the towers Perform ad hoc analysis and reporting as required We're...
In PersonSenior Reinsurance Claims Analyst
- CNA
- Chicago, IL (21 miles from Orland Park, IL)
- 45+ days ago
- Chicago, IL (21 miles from Orland Park, IL)
- 45+ days ago
They will exhibit prior experience with data management, financial reconciliations, insurance/reinsurance, and/or claims management....
Hybrid- CNA
- Chicago, IL (21 miles from Orland Park, IL)
- 60+ days ago
- Chicago, IL (21 miles from Orland Park, IL)
- 60+ days ago
This role leads a team responsible for reinsurance processing, external reinsurer audits, and captive reinsurance administration, while partnering closely with Reinsurance Operations, Underwriting,...
HybridAVP, Reserving & Loss Analytics (Reinsurance)
- Arch Insurance Group
- Chicago, IL (21 miles from Orland Park, IL)
- 90+ days ago
- Chicago, IL (21 miles from Orland Park, IL)
- 90+ days ago
Candidates will be evaluated on: A minimum of 10 years experience in progressively complex actuarial roles within the property and casualty insurance industry....
In PersonDemographic Data for Orland Park, IL
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Salary for Reinsurance Jobs in Orland Park, IL
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Orland Park, 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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