Reinsurance Jobs in West Springfield, MA
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.
Chief Underwriter - Group Reinsurance Plus
- Hartford, CT (23 miles from West Springfield, MA)
- 2 days ago
- Hartford, CT (23 miles from West Springfield, MA)
- 2 days ago
Well Be a Good Match if You Have: Quote, renew and provide consultative services for group benefit policyholders reinsured with Group Reinsurance Plus....
Analyst, Ceded Reinsurance Claim
- Hartford, CT (23 miles from West Springfield, MA)
- 6 days ago
- Hartford, CT (23 miles from West Springfield, MA)
- 6 days ago
Intent to begin coursework toward professional designation (ARe, CPCU) within 18 months of hire preferred. What is a Must Have?...
- Hartford, CT (23 miles from West Springfield, MA)
- 30+ days ago
- Hartford, CT (23 miles from West Springfield, MA)
- 30+ days ago
Communicating with our external reinsurance partners by providing updates for ongoing reinsurance initiatives, responding to complex questions, and responding to Reinsurer Audit requests....
Demographic Data for West Springfield, MA
Moving to West Springfield, MA? Find some basic demographic data about West Springfield, MA below.
Reinsurance Online Courses and Training Opportunities
Title Synonyms
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Salary for Reinsurance Jobs in West Springfield, MA
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in West Springfield, MA 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
- User Acceptance Testing
- Data Migration
- Remote Support
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Claims Management
- Property Insurance
- Annuities
- Claims Processing
- Underwriting
- Balance Sheets
- Claims
- Generally Accepted Accounting Principles
- Health and Wellness
- Financial Statements
- Account Reconciliation
- Juris Doctor
- Reconciliations
- Fraud Investigation
- General Ledger
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Relationship Management
- Finance
- Decision Making
- Analytical Skills
- Accounting
- Driving
- Negotiation
- Auditing
- Verbal Communication
- Presentation
- Data Analysis
- Flexibility
- Events
- Collaboration
- 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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