Reinsurance Jobs in Philadelphia, PA
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.
- Radnor, PA (14 miles from Philadelphia, PA)
- 23 days ago
- Radnor, PA (14 miles from Philadelphia, PA)
- 23 days ago
to Reinsurer Audit requests....
Senior Engagement Lead - Reinsurance Technical Consulting
- Philadelphia, PA
- 30+ days ago
- Philadelphia, PA
- 30+ days ago
Industry Advocacy: Stay abreast of industry developments, emerging trends, and regulatory changes impacting claims management and reinsurance, and represent the company in industry forums and events...
Associate General Counsel, Reinsurance Legal
- Philadelphia, PA
- 30+ days ago
- Philadelphia, PA
- 30+ days ago
Drafting and negotiating reinsurance and collateral documentation to implement captive reinsurance programs globally....
Demographic Data for Philadelphia, PA
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Reinsurance Online Courses and Training Opportunities
Title Synonyms
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Salary for Reinsurance Jobs in Philadelphia, PA
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Philadelphia, PA 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
- Data Migration
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Claims Management
- Annuities
- Claims Processing
- Underwriting
- Balance Sheets
- Internal Control
- Claims
- Generally Accepted Accounting Principles
- Health and Wellness
- Financial Statements
- Account Reconciliation
- Juris Doctor
- Reconciliations
- General Ledger
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Relationship Management
- Finance
- Decision Making
- SQL
- Analytical Skills
- Accounting
- Consulting
- Driving
- Negotiation
- Auditing
- Verbal Communication
- Presentation
- Events
- Collaboration
- Flexibility
- 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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