Reinsurance Jobs in Minnesota
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.
We will 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...
contracts or 3+ years of primary property & casualty insurance required Excellent written communication skills, including demonstrated/advanced competence in all facets of reading, writing and communicating...
Prepare facultative Certificates of Reinsurance, amendments, and group reinsurance contracts for assigned business timely and accurately....
US Reinsurance Associate Director (Facultative Property)
- Bloomington, MN
- 30+ days ago
- Bloomington, MN
- 30+ days ago
What We're Looking For Minimum of 5 years' confirmed experience in broking, underwriting, or a technical/analytical role within commercial property and casualty insurance (e.g., actuarial, catastrophe...
Experience in multiple lines of business is a plus, including but not limited to: property; long-tail casualty such as workers compensation, commercial general liability, professional liability, etc...
Demographic Data for Minnesota
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Reinsurance Online Courses and Training Opportunities
Title Synonyms
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Salary for Reinsurance Jobs in Minnesota
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Minnesota offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Business Processes
- Business Analysis
- Implementation
- Claims Handling
- Waterfall
- User Acceptance Testing
- Data Migration
- Requirements Gathering
- Remote Support
- Personal Lines
- Property and Casualty Insurance
- General Liability
- Claims Management
- Professional Liability
- Annuities
- Internal Control
- Underwriting
- Generally Accepted Accounting Principles
- Claims
- Financial Statements
- Health and Wellness
- Account Reconciliation
- Reconciliations
- Juris Doctor
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Relationship Management
- Decision Making
- Finance
- Analytical Skills
- Auditing
- Accounting
- Negotiation
- Presentation
- Mentoring
- Events
- Data Analysis
- Employee Development
- Interpersonal Skills
- Documentation
- Flexibility
- Reporting
- Collaboration
- Microsoft PowerPoint
- Bachelor's Degree
- English
- Microsoft Office
- Problem Solving
- Sales
- Microsoft Excel
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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