Claims Consultant - Management Specialty Lines at Nationwide

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Part TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Juris Doctorate (JD) preferred
Prior claims file handling experience, including Cyber, EPL, D&O liability, E&O, or professional negligence preferred
College degree preferred
Ability to acquire required Federal and/or state licenses/registrations within the designated time period
Appropriate claims handling experience in specific line of business (e.g., management liability and specialty lines such as errors and omissions, directors and officers, employment practices liability)

Responsibilities

Investigates and evaluates coverage, liability and damages to set an appropriate claim strategy, settlement and file reserves within approved claims authority
Provides timely and appropriate evaluation of claims to identify and manage reserves in compliance with company standards
Delivers outstanding customer service and satisfaction through effective interactions with insured, agents and legal counsel
Provides feedback on claim trends and development; provides input to underwriters on review of potential and existing insured’s claim experience
Assists in developing, coaching, training and mentoring of individual team members
Maintains current knowledge of applicable lines of insurance, insurance regulations, court decisions which may impact the claims function, current guidelines and policy changes and modifications (may require attending seminars and training sessions)
Contributes to a collaborative environment by consistently demonstrating teamwork, high motivation, positive behavior and effort to achieve goals and objectives
Acts as a subject matter authority in a particular line of business or risk
May perform other responsibilities as assigned

Skills

Claims Investigation

Claims Evaluation

Claims Negotiation

Insurance Coverage Analysis

Legal Analysis

Cyber Claims

D&O Liability

EPL

E&O

Professional Negligence

Management Liability

Nationwide

Provides insurance and financial services

About Nationwide

Nationwide provides insurance and financial services to individuals and businesses across the United States. Their product offerings include auto, home, life, and commercial insurance, as well as retirement and investment solutions. The company operates by underwriting insurance policies and managing investment portfolios, earning revenue through premiums, investment income, and fees for financial services. What sets Nationwide apart from its competitors is its focus on leveraging technology to improve claims processing and policy management, along with its commitment to customer service. Additionally, Nationwide partners with organizations to offer financial education resources, particularly for retirees, aiming to ensure financial security and protect the futures of its clients.

Columbus, OhioHeadquarters

1925Year Founded

$769.7MTotal Funding

N/ACompany Stage

Consulting, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Risks

Competition from insurtech startups like Nexar may challenge Nationwide's market share.

AI-driven platforms like Planck could disrupt traditional insurance models.

Partnerships with AI firms may require significant tech investment and integration efforts.

Differentiation

Nationwide invests in tech-driven platforms like YellowBird and Betterview to enhance services.

Partnership with CLARA Analytics shows Nationwide's focus on AI for operational efficiency.

Collaboration with Funding Circle highlights Nationwide's support for small business growth.

Upsides

Nationwide's $56M loan to Whitestone REIT diversifies its investment portfolio.

Investments in AI and tech platforms could streamline operations and reduce costs.

Supporting small businesses may expand Nationwide's customer base and strengthen relationships.

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