Reinsurance Jobs in Pennsylvania
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.
AVP of Ceded Claims in Reinsurance Services, this position is responsible for the collection of ceded recoverable as assigned....
Reinsurance Specialist , Reinsurance Specialist II
- Philadelphia, PA
- 8 days ago
- Philadelphia, PA
- 8 days ago
Reporting to an AVP of Ceded Claims in Reinsurance Services, this position is responsible for the collection of ceded recoverable as assigned....
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...
AVP or Vice President - Reinsurance Actuary
- Philadelphia, PA
- 29 days ago
- Philadelphia, PA
- 29 days ago
Line of business focus: Personal lines Property (Cat and Non-Cat), Casualty, and Medical Malpractice....
Expand industry knowledge through the pursuit of formal designations such as CPCU, ARe, etc. Review accounting premium records against market statements for accuracy....
With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse...
Demographic Data for Pennsylvania
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Salary for Reinsurance Jobs in Pennsylvania
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Pennsylvania offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Agile
- Business Processes
- Microsoft Visio
- Change Management
- Architectural Design
- Project Management Professional
- Implementation
- Product Launch
- Claims Handling
- Simple Object Access Protocol
- Waterfall
- User Acceptance Testing
- Data Migration
- Remote Support
- System Integration
- RESTful
- Business Requirements
- Property and Casualty Insurance
- Claims Management
- Annuities
- Claims Processing
- Underwriting
- Insurance Claims
- Claims
- Generally Accepted Accounting Principles
- Account Reconciliation
- Reconciliations
- General Ledger
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Billing
- Finance
- Decision Making
- Analytical Skills
- Auditing
- Negotiation
- Consulting
- Policy Administration
- Accounting
- Events
- Strategic Planning
- Documentation
- Driving
- Mentoring
- Employee Development
- Flexibility
- Reporting
- Collaboration
- Interpersonal Skills
- Bachelor's Degree
- Project Management
- Problem Solving
- Microsoft Office
- Microsoft Excel
- Research Skills
- Staff Supervision
- Organization
- Leadership
- Communication Skills
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