Insurance

Summary

The Insurance job family consists of positions that are responsible for administering and managing insurance programs and/or claims. This includes positions that analyze insurance proposals, develop and administer insurance programs, and adjust and settle insurance claims.

Summary

The Actuarial - Life job family is responsible for the development and maintenance of actuarial models for life insurance products. This includes pricing, product design, reserve analysis, and forecasting. They also provide support to other departments within the company, such as sales, marketing, and underwriting.

Typical activities

  • Conducts actuarial studies and provides actuarial advice on a broad range of life insurance products.
  • Maintains an up-to-date knowledge of developments in the life insurance industry, including new products, regulatory changes and market trends.
  • Communicates complex actuarial concepts to non-actuarial staff and stakeholders, in a clear and concise manner.

Synonyms and related job titles

Actuary, Demographer, Mathematician

Summary

The Actuarial - Non-Life job family is responsible for the development and maintenance of actuarial models for pricing and reserving non-life insurance business. Job holders produce actuarial reports and analysis to support business decisions, and provide expert advice on technical actuarial matters. They also liaise with internal and external stakeholders on actuarial matters.

Typical activities

  • Conducts actuarial analyses to support business decisions in non-life insurance.
  • Supports the development and implementation of pricing models for new and existing products.
  • Conducts profitability studies to assess the potential impact of new products and pricing changes.
  • Monitors and reports on key indicators of business performance.

Synonyms and related job titles

Actuary, Mathematician, Risk Management

Summary

The job family Claims - Life consists of positions that are responsible for performing a variety of duties related to the processing of life insurance claims. This may include reviewing and verifying claim documents, investigating and gathering information to determine eligibility, and providing customer service to policyholders and beneficiaries.

Typical activities

  • Investigates and adjudicates claims in accordance with policy terms and conditions.
  • Determines the extent of coverage and benefits payable.
  • Authorizes and arranges for the payment of claims.

Synonyms and related job titles

Claims Assessor, Adjuster

Summary

The Claims - Non- Life job family is responsible for the accurate and timely processing of claims for customers with non- life insurance policies. This includes investigating and evaluating claims, negotiating settlements, and making payments.

Job holders are adept at customer service, as they frequently interact with policyholders who are experiencing a stressful event. 

Typical activities

  • Handles the non-life claims for the organisation.
  • Is responsible for all aspects of claims from start to finish.
  • Makes the relevant policy recommendations.
  • Liaises with external professionals when necessary.

Synonyms and related job titles

Appraiser, Claims Assessor, Claims Inspector, Loss Assessor, Insurance Assessor, Valuer, Adjuster

Summary

The Insurance Product Development job family is responsible for the creation, enhancement and marketing of insurance products for the company. Job holders work with actuarial, underwriting, legal, compliance and other departments to develop new products and improve existing ones. They also conduct market research, develop pricing models and create marketing materials.

Typical activities

  • Conducts market research to identify customer needs and trends. 
  • Develops product concepts and designs to address identified market needs. 
  • Manages the product development process from concept to launch, including coordinating with cross-functional teams.

Synonyms or related job titles

Insurance Product Development Specialist, Insurance Product Development Analyst

Summary

The Underwriting - Life job family is responsible for the underwriting and pricing of life insurance products. This includes evaluating risk, determining coverage limits and premiums, and issuing policies. Job holders also handle claims and policy changes.

Typical activities

  • Reviews and evaluates applicant information to determine eligibility for life insurance coverage.
  • Determines the appropriate premium rate for life insurance coverage.
  • Prepares and issues life insurance policies.
  • Maintains records and files related to life insurance underwriting.

Synonyms and related job titles

Underwriter, Life Insurance Underwriter

Summary

The Underwriting - Non-Life job family is responsible for the underwriting of non-life insurance policies, including property and casualty insurance. Job holders use their knowledge of the insurance industry and the risks involved in different types of coverage to determine whether or not to provide insurance coverage, and if so, at what terms and conditions.

Typical activities

  • Underwrites new and renewal business within company guidelines.
  • Makes decisions on risk acceptance, risk classification, and pricing.
  • Reviews and assesses policyholder information and makes recommendations on coverage.
  • Prepares underwriting reports and recommendations for management.

Synonyms and related job titles

Underwriter, Non-Life Underwriter

Summary

The Underwriting - Reinsurance job family consists of positions that are responsible for analyzing, classifying, and pricing risks for reinsurance contracts. This includes working with actuarial data and models to evaluate risks, developing reinsurance programs, and negotiating contracts.

Typical activities

  • Manages reinsurance policies to spread risk.
  • Evaluates new business for reinsurance.
  • Analyzes policy terms and conditions to determine reinsurance needs.
  • Determines reinsurance limits and terms.

Synonyms and related job titles

Underwriter, Reinsurance Underwriter

Please match in this collective family all specialized Insurance jobs that cannot be assigned to one of the above-mentioned families. Competencies from the parent family will be shown. A selection of parent family-specific Benchmark Job Matches is available and can be selected manually. The availability of benchmark job matches depends on the survey vendor chosen.