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.
Job SummaryThe Reinsurance Administrator is responsible for accurate and timely filing of excess risk medical claims....
Associate II - Reinsurance Contract Services- US Locations
- Chicago, IL
- 2 days ago
- Chicago, IL
- 2 days ago
We can count on you to: Manage the complete lifecycle of a reinsurance contract for your assigned accounts, including drafting the contract language to reflect the intent of the reinsurance negotiations...
Prior surety reinsurance experience or Trade Credit, political risk underwriting....
at Accident Fund Insurance Company of America in Chicago, Illinois, United States Job Description The Analyst is responsible for assisting and offering assistance in organizing and facilitating...
AVP, Reinsurance Underwriting - R5977_45031376178_0-4346
- Chicago, IL
- 13 days ago
- Chicago, IL
- 13 days ago
at EVEREST REINSURANCE CO in Chicago, Illinois, United States Job Description Title: AVP, Reinsurance Underwriting Company: Everest Reinsurance Company Job Category: Underwriting Job Description: About...
Pursues recovery of the balances of reinsurance claims/accounts by influencing reinsurer, explaining coverage and liabilities and gaining support for position. 6....
**About the Role:**As a key legal advisor, you will provide strategic counsel on complexinsurance matters, including:- **Reinsurance agreements** - treaty and facultative contracts, XOL and QS reinsurance...
VP, Head of Retrocession Reinsurance Technical Accounting & Administration, Americas
- Chicago, IL
- 19 days ago
- Chicago, IL
- 19 days ago
They effectively lead the P&C retrocession reinsurance accounting & administration teams, ensuring that day-to-day operations run smoothly....
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 WorkInsurance Regulatory/Reinsurance Counsel - In House - LORIRI-CNP-4658
- Chicago, IL
- 30+ days ago
- Chicago, IL
- 30+ days ago
About the Role: As a key legal advisor, you will provide strategic counsel on complex insurance matters, including: Reinsurance agreements - treaty and facultative contracts, XOL and QS reinsurance...
CPCU, ARe designations preferred; Demonstrated knowledge of General Liability, Automobile Liability, Umbrella/Excess Liability coverage and risk analysis Knowledge of common facultative and treaty reinsurance...
TAI Software automates reinsurance administration for life, annuity and longevity business and TAI Services helps identify and solve areas of reinsurance risk....
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...
About the role As a Reinsurance Supervisor, you'll lead a team of employees focused on the administration of reinsurance premiums and claims....
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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
- Reconciliation
- Claims Handling
- Waterfall
- Test Cases
- Data Migration
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Annuities
- Claims Processing
- Arbitration
- Underwriting
- Litigation
- Claims
- Financial Statements
- Generally Accepted Accounting Principles
- Juris Doctor
- Mediation
- General Ledger
- Client Services
- Resolution
- Financial Reporting
- Financial Analysis
- Estimating
- Reimbursement
- Risk Management
- Relationship Management
- Finance
- Collections
- Analytical Skills
- SQL
- Accounting
- Decision Making
- Written Communication
- Policy Administration
- Negotiation
- Auditing
- Presentation
- Flexibility
- Mentoring
- Documentation
- Collaboration
- Data Analysis
- Employee Development
- Interpersonal Skills
- Bachelor's Degree
- Reporting
- Microsoft PowerPoint
- Problem Solving
- Project Management
- Microsoft Office
- Microsoft Excel
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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