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.
Ceded Reinsurance Claims Operations Specialist - R6630_45031376178_0-4346
- Chicago, IL
- 3 days ago
- Chicago, IL
- 3 days ago
Work Experience & Qualifications: 5-7 years of reinsurance, reinsurance claims or reinsurance operations experience....
Work Experience & Qualifications: 5-7 years of reinsurance, reinsurance claims or reinsurance operations experience....
Head of US Healthcare Reinsurance Business Development Lead The US Healthcare Reinsurance Business Development Lead is a strategic leadership role focused on driving revenue growth, expanding market...
management....
Develop business architecture deliverables, including process models, capability maps, value streams, and requirements tailored to Duck Creek Reinsurance....
Remote Worksettlement of reinsurance claims Manage resolution of any reinsurance claims dispute Track open ceded recoverable balances to ensure timely collection and follow-up Coordinate counterparty reinsurance...
Job Description Senior, Ceded Reinsurance - Claims The Senior full-time position sits within the Ceded Reinsurance Department, leading Argo's end-to-end reinsurance strategy from execution of placement...
Bachelor Apprenticeship Program - Reinsurance - Schaumburg, IL (Janauary 2026)
- Schaumburg, IL
- 19 days ago
- Schaumburg, IL
- 19 days ago
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....
Directs claims handling and philosophy for assumed legacy reinsurance business, seek opportunities for finality where possible....
and casualty insurance products and services in North America....
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 How does this role contribute to our collective success?...
Underwriter Reinsurance-Credit & Surety North America
- Chicago, IL
- 90+ days ago
- Chicago, IL
- 90+ days ago
Prior surety reinsurance experience or Trade Credit, political risk underwriting....
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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
- Agile
- Business Processes
- Claims Handling
- Simple Object Access Protocol
- Waterfall
- User Acceptance Testing
- Data Migration
- Remote Support
- System Integration
- Software Implementation
- Property and Casualty Insurance
- Claims Management
- Annuities
- Claims Processing
- Arbitration
- Underwriting
- Litigation
- Insurance Claims
- Claims
- Generally Accepted Accounting Principles
- Account Reconciliation
- Reconciliations
- Juris Doctor
- General Ledger
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Billing
- Relationship Management
- Decision Making
- Finance
- Analytical Skills
- Auditing
- Negotiation
- Consulting
- Policy Administration
- Written Communication
- Events
- Strategic Planning
- Accounting
- Employee Development
- Documentation
- Presentation
- Driving
- Mentoring
- Flexibility
- Data Analysis
- Reporting
- Collaboration
- Interpersonal Skills
- Microsoft PowerPoint
- Project Management
- Problem Solving
- Microsoft Office
- Microsoft Excel
- Research Skills
- Staff Supervision
- Organization
- Leadership
- Communication Skills
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