Claims Adjuster - Property at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Experience in handling Property Claims
Experience in Political Violence & Terror (highly desirable) or willingness to learn
Experience in Treaty (advantageous)
Detailed understanding of the London Market regulatory environment and implications for Talbot and clients
Full working knowledge of market systems and DocoSoft
Litigation, mediation, dispute resolution, and deposition skills
Use of internal underwriting and claims systems and relevant software packages
Relationship building internally and externally
Ability to identify trends and understand how these may affect Claims and the Syndicate
Foreign languages (advantageous)

Responsibilities

Acting within an agreed claims handling authority and upholding departmental objectives
Receiving and acting upon first notifications and updates, determining coverage
Taking a fair and proportionate approach towards policyholders
Agreeing valid claims
Establishing and maintaining accurate reserves
Carrying out negotiations with brokers, face to face when required
Handling claims electronically, predominately via market systems and DocoSoft
Managing third party experts
Representing the syndicate at market meetings
Attending client meetings
Notifying and reporting claims notifications to underwriters and senior management where necessary
Handling litigated cases in relevant jurisdictions
Completing statics, SDRs, diary, and other ancillary tasks to a high standard

Skills

Claims Adjudication

Claims Handling

Coverage Determination

Reserves Management

Claims Negotiation

DocoSoft

Property Insurance

Reinsurance

Lloyd’s Market Systems

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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