Head of Technical Due Diligence [Insurance Claims]

at  Compre Group

CANDIDATE REQUIREMENTS

• Right to work in this location
• High quality all-round claims experience in a number of insurance classes with an emphasis on casualty/liability.
• Exceptional data analytical skills including an ability to analyse varying datasets quickly and effectively
• Strong report writing skills
• Independent thinking and willingness to develop experience to new exposures
• Commercial acumen and an ability to identify areas of risk and value in insurance liabilities
• Strong communication skills with the ability to influence key stakeholders at all levels
• Highly developed commercial and financial skills
• Strong leadership skills that are focused on maximising value – ideally you will have experience managing and/or building a new team
• Proactive, comfortable working in an agile environment with stakeholders in multiple locations.
• Contributing positively to our culture and values.

• Act as lead stakeholder for the technical evaluation of the re/insurance portfolios in DD
• Assessing claims management processes, case reserve setting practices, settlement practices and overall management of the claim lifecycle
• Assessment of inuring reinsurance protection covering portfolios under consideration
• Managing suppliers as part of the claim value chain to help assess ALAE provisions
• Engagement with and support of actuarial reserving, including use of specific IBNRs
• Processes on emerging trends, thematic events and the use of claims watchlist or other sensitivity data
• Liaising with the relevant teams to develop pertinent and robust sampling selections and performing (or managing an external TPA to perform) a claim file review and audit to assess reasonable ultimate claim cost ranges and working with Compre M&A and M&A Actuarial to establish a best estimate case reserve
• Working closely with the Data Analytics team to develop portfolio diagnostics and dashboards that support efficient due diligence processes.
• Contributing to the identification of risks in new deals, evaluating risk mitigation strategies from a claims perspective and developing a DD plan to serve both purposes
• Supporting an assessment of value creation strategies and work with the Portfolio, Claims and Reserving teams to articulate that strategy into a targeted claims management plan
• Preparing detailed technical DD reports to support M&A, Executive and Board members in transaction decision making
• Identifying and developing a network of experts available to assist us with DD assessments or value creation
• Inputting to the annual value creation plan process for own portfolios
• Drafting the 100-day value creation plan for any new portfolio
• Preparing and delivering a handover and plan for new portfolios to the technical claims teams
• Undertaking commutations where assigned