Reinsurance Jobs in Illinois
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.
The Reinsurance Services Team supports most aspects of the reinsurance life cycle....
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...
Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals....
Skills and experience that will lead to success 5+ years of work experience in Reinsurance and/or P&C insurance industry. Excellent knowledge and understanding of reinsurance....
Specialty Operations Finance Voluntary Reinsurance Administration Consultant - Remote
- IL
- 12 days ago
- IL
- 12 days ago
Skills Finance, Financial Analysis, Generally Accepted Accounting Principles (GAAP), Process Improvements, Reinsurance, Reinsurance Administration Compensation Compensation offered for this role is...
Remote WorkHead of US Healthcare Reinsurance How does this role contribute to our collective success?...
Aon is currently recruiting a Chief Cyber Intelligence Officer - Reinsurance Solutions to join our team....
Underwriter II, Reinsurance - R6327_45031376178_0-4346
- Chicago, IL
- 26 days ago
- Chicago, IL
- 26 days ago
at EVEREST REINSURANCE CO in Chicago, Illinois, United States Job Description Title: Underwriter II, Reinsurance Company: Everest Reinsurance Company Job Category: Underwriting Job Description: Job...
Title: Underwriter II, Reinsurance Company: Everest Reinsurance Company Job Category: Underwriting Job Description: Job Description Everest Reinsurance Company, a member of the Everest Re Group, LTD...
Underwriter Reinsurance-Credit & Surety North America
- Chicago, IL
- 45+ days ago
- Chicago, IL
- 45+ days ago
Prior surety reinsurance experience or Trade Credit, political risk underwriting....
Pursues recovery of the balances of reinsurance claims/accounts by influencing reinsurer, explaining coverage and liabilities and gaining support for position. 6....
Manages team of ceded reinsurance claims handlers, ensuring appropriate claims handling in accordance with applicable contract requirements, as well as industry and company customs and practice....
Remote WorkJob 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...
About the role As a Reinsurance Supervisor, you'll lead a team of employees focused on the administration of reinsurance premiums and claims....
Demographic Data for Illinois
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Reinsurance Online Courses and Training Opportunities
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Salary for Reinsurance Jobs in Illinois
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Illinois offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Business Analysis
- Cash Flow Management
- Claims Handling
- Waterfall
- Test Cases
- Data Migration
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Claims Management
- Annuities
- Claims Processing
- Employee Benefits
- Underwriting
- Balance Sheets
- Claims
- Generally Accepted Accounting Principles
- Health and Wellness
- Financial Statements
- Account Reconciliation
- Juris Doctor
- Reconciliations
- Fraud Investigation
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Relationship Management
- Finance
- Decision Making
- SQL
- Analytical Skills
- Accounting
- Driving
- Negotiation
- Auditing
- Verbal Communication
- Presentation
- Events
- Collaboration
- Flexibility
- Documentation
- Interpersonal Skills
- Employee Development
- Reporting
- Microsoft PowerPoint
- Sales
- Microsoft Office
- Problem Solving
- Project Management
- Microsoft Excel
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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