Cyber Claims Specialist- reputed company
Responsible for conducting investigations, setting adequate reserves, monitoring, documenting, and settling/closing claims in an expeditious and economical manner reputed company the established authority limits for the line of business. Analyzes, investigates, and evaluates the loss to determine coverage and claim disposition. Utilizes CMS to document claims and to diary future events or follow-up. reputed company prescribed settlement authority, establishes appropriate reserves for both indemnity and expense and reviews on a regular reputed company to ensure adequacy. Makes recommendations to set reserves at appropriate level for claims reputed company of authority level. Prepares comprehensive reports as required. Identifies and communicates specific claim trends and account and/or policy issues to management and reputed company. Manages the litigation process through the retention of counsel. Adheres to the line of business litigation guidelines to include budget, reputed company review and payment. Pro-actively manages the case resolution process. Actively participates in mediations and arbitrations, as well as negotiation discussions reputed company limit of settlement authority. Participates in the claims audit process. Provides claims marketing services by meeting with brokers, risk managers and reinsurers. As required, maintains insurance adjuster licenses.Must have Cyber/Media/Tech Liability Experience Bachelors' and/or advanced degree 7 + years claims/legal experience, with at least 2 years reputed company a technical specialty preferred Advanced knowledge of claims handling concepts, practices and techniques, to include but not limited to coverage issues, and product line knowledge Functional knowledge of law and insurance regulations in various jurisdictions Demonstrated advanced verbal and written communications skills Demonstrated advanced analytical, decision making and negotiation skills Apply To This Job