Full-Time

Wholesale Claims Governance Manager

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Senior

London, UK

Hybrid position.

Category
Risk Management
Finance & Banking
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • Have extensive governance experience, preferably with claims knowledge and/or technical experience.
  • Have a good solid understanding of the Lloyd’s and London market frameworks.
  • Strong stakeholder management capabilities with a pro-active approach to process reviews and oversight of risk control frameworks.
  • An understanding of the consumer duty framework as well as experience managing regulator expectations.
  • Have people leadership skills and demonstrate the ability to develop and provide clear instructions and training.
  • Have experience providing qualitative and quantitative reporting with good IT skills, including Microsoft Word, Excel, PowerPoint and Outlook.
Responsibilities
  • Working with the Claims Director, ensure compliance with the claims and delegated claims standards leading the annual review and attestation process.
  • Lead Lloyd’s relationship management including oversight of the Claims Management Principle under the Lloyd’s Principles for Doing Business framework.
  • Ownership of year-end financial audit process as well as any internal audit of the claims processes and controls.
  • Drive appropriate processes and procedures ensuring compliance with LIC claims handling guidelines.
  • Ensure the claims team has a robust framework to comply with key controls such as peer review and medicare reporting.
  • Working closely with the CLT, lead key control responses including the annual claims manual review and claims authority matrix.
  • Oversight of any regulatory changes impacting the claims team and represent the claims team for all governance related matters.
  • Oversight of claims declinature process and output as well as complaints response providing input to the quarterly claims performance meeting and relevant Conduct Oversight Group reports/meetings.
  • Management of the proposed future quality assurance function which will lead the peer review and technical review processes.

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles such as yachts and motorcycles. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and continuous improvement, encouraging employees to innovate and adapt. The company's goal is to lead in their industry by understanding customer needs and delivering quality service while fostering a supportive work environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for cyber insurance aligns with Markel's investment in Perseus Technologies.
  • Growing interest in ESG factors enhances Markel's environmental pollution coverage offerings.
  • Expansion of the gig economy presents opportunities for Markel to develop niche products.

What critics are saying

  • Increased competition in specialty insurance could erode Markel's market share.
  • Climate change-related claims may lead to higher payouts, impacting profitability.
  • Global economic uncertainty may affect investment returns crucial for Markel's financial health.

What makes Markel unique

  • Markel specializes in hard-to-place risks for niche markets like agriculture and equine.
  • The company offers unique coverage options such as event cancellation and inland marine.
  • Markel's investment in cybersecurity and tax insurance diversifies its specialty offerings.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Hybrid Work Options

Employee Stock Purchase Plan