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.
on STAT and GAAP basis for reinsurance transactions....
Aon is currently recruiting a Cyber Intelligence Consultant - Reinsurance Solutions to join our team....
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...
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
- 29 days ago
- IL
- 29 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?...
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
- 60+ days ago
- Chicago, IL
- 60+ days ago
Prior surety reinsurance experience or Trade Credit, political risk underwriting....
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...
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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
- Claims Handling
- Waterfall
- User Acceptance Testing
- Data Migration
- Remote Support
- General Liability
- Property and Casualty Insurance
- Claims Management
- Professional Liability
- Annuities
- Employee Benefits
- Underwriting
- Internal Control
- Claims
- Generally Accepted Accounting Principles
- Financial Statements
- Account Reconciliation
- Juris Doctor
- Financial Planning and Analysis
- Reconciliations
- Fraud Investigation
- Client Services
- Financial Reporting
- Reimbursement
- Customer Satisfaction
- Risk Management
- Decision Making
- Finance
- Analytical Skills
- Accounting
- Auditing
- Negotiation
- Driving
- Presentation
- Interpersonal Skills
- Flexibility
- Data Analysis
- Events
- Collaboration
- Reporting
- Documentation
- Coaching
- Bachelor's Degree
- Microsoft PowerPoint
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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