Prepares reinsurance applications and contracts and ascertains reinsurance liability, working for either prime insurer or reinsurer, and performs other complex clerical and administrative support activities involving insurance and reinsurance contracts. Ascertains the amount of risk on each item that needs... [+] More

Prepares reinsurance applications and contracts and ascertains reinsurance liability, working for either prime insurer or reinsurer, and performs other complex clerical and administrative support activities involving insurance and reinsurance contracts. Ascertains the amount of risk on each item that needs to be reinsured by other insurers or ascertains the amount of risk on each item the company is willing to reinsure from prime insurer. Picks reinsurers who may accept part of ceded liability. Accepts reinsurers and their liability for cash values and dividends.

Prepares applications. Determines the amount of each premium due. Prepares abstract for contracts. Receives reinsurance application from prime insurer. Determines amount of insurance already held on risk from company records and calculates reinsurance that company can accept, based on limit of liability. Prepares notice of acceptance or rejection, based on limit of liability and action of underwriter. Verifies computations made by prime insurer. [-] Less

Manages the administrative aspects of the reinsurance business, advises management on current developments, and recommends improvements and enhancements. Implements enhancements to workflows and systems in order to create efficiencies and improve productivity. Improves and manages the timing, efficiency, and clarity... [+] More

Manages the administrative aspects of the reinsurance business, advises management on current developments, and recommends improvements and enhancements. Implements enhancements to workflows and systems in order to create efficiencies and improve productivity. Improves and manages the timing, efficiency, and clarity for monthly, quarterly, and annual accounting and reporting for all financial aspects of life assumed reinsurance.

Manages relationships with reinsurers in order to ensure that information is received in a timely and accurate manner. Develops, implements, and manages improved profitability analysis of the business for use by management. Ensures the integrity and accuracy of data received from reinsurers. Manages the data flow, formatting, and upload of files from reinsurers. Oversees internal quality control and desk audit procedures. Participate in audits of reinsurers to ensure that all aspects of administration, including calculation of premium and claim shares, conform to reinsurance agreement specifications. [-] Less

Directs insurance... [+] More

Directs insurance personnel and department activities, and develops and implements insurance coverage for individuals, businesses, and organizations, utilizing knowledge of tax and insurance strategies, securities, insurance, pension plans, and real estate.

Comprehends organization's assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. Analyzes organization's financial status, develops financial plan based on analysis of data. Manages those, including brokers, who prepare and submit documents to implement coverages selected. [-] Less

Manages and coordinates activities of branch office of insurance company, agency or insurance brokerage firm. Hires and trains workers in performing activities, such as selling insurance, processing insurance claims, or underwriting.

Reviews activity reports to ensure that personnel have achieved sales... [+] More

Manages and coordinates activities of branch office of insurance company, agency or insurance brokerage firm. Hires and trains workers in performing activities, such as selling insurance, processing insurance claims, or underwriting.

Reviews activity reports to ensure that personnel have achieved sales quotas, processed claims promptly, or credited collections to policyholders' accounts. Confers with company officials to plan and develop methods and procedures to increase sales, lower costs, and obtain greater efficiency. Interprets, implements, and enforces company policies. Prepares and submits activity reports. May reconcile earned commissions with commission advances on sales personnel. [-] Less

Manages and administers implementation of insurance needs for individuals, businesses, and organizations, utilizing knowledge of tax and insurance strategies, securities, insurance, pension plans, and real estate. Manages those, including brokers, who prepare and submit documents to implement coverages selected. Oversees... [+] More

Manages and administers implementation of insurance needs for individuals, businesses, and organizations, utilizing knowledge of tax and insurance strategies, securities, insurance, pension plans, and real estate. Manages those, including brokers, who prepare and submit documents to implement coverages selected. Oversees administration of claims and adjustments.

Comprehends organization's assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. Analyzes organization's financial status and develops financial plan based on analysis of data. [-] Less

Manages, plans, organizes, and coordinates the sales activities of an insurance company, agency, or insurance brokerage firm. Establishes sales goals and plans to assure that each agent contributes to the overall organization objectives. Ensures that all systems, procedures, and insurance... [+] More

Manages, plans, organizes, and coordinates the sales activities of an insurance company, agency, or insurance brokerage firm. Establishes sales goals and plans to assure that each agent contributes to the overall organization objectives. Ensures that all systems, procedures, and insurance company regulations are communicated to and complied with by all personnel in the production department.

Develops and maintains a comprehensive sales training program to assure meeting the agency standards of performance. Conducts periodic reviews for organization employees to assure attainment of goals and proper compensation arrangements. Reviews all activities relating to the public, customers, and organizations to avoid issues involving potential errors and omissions. Maintains an active and effective role in evaluating and choosing the right companies for the agency. Reviews activity reports to ensure that personnel have achieved sales quotas, processed claims promptly, or credited collections to policyholders' accounts. Confers with company officials to plan and develop methods and procedures to increase sales, lower costs, and obtain greater efficiency. Interprets, implements, and enforces company policies. Prepares and submits activity reports. Develops a sales budget to insure conformance to organization sales goals and objectives. Hires, trains, and supervises insurance sales staff. May reconcile earned commissions with commission advances on sales personnel. [-] Less

Supervises binding of insurance coverages for individuals, businesses, and organizations, utilizing knowledge of tax and insurance strategies, securities, insurance, pension plans, and real estate. Comprehends organization's assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. Manages those, including... [+] More

Supervises binding of insurance coverages for individuals, businesses, and organizations, utilizing knowledge of tax and insurance strategies, securities, insurance, pension plans, and real estate. Comprehends organization's assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. Manages those, including brokers, who prepare and submit documents to implement coverages selected.

Analyzes organization's financial status and develops financial plan based on analysis of data. [-] Less

Explains hospital and medical insurance services and benefits to contracting hospital personnel. Discusses contract provisions and hospital claims forms with medical and hospital personnel.

Instructs hospital clerical staff in resolving problems concerning billing and admitting procedures. Prepares reports outlining hospital and contract benefits for incorporation into brochures and pamphlets. May travel from city to city.

Examines individual applications for insurance to evaluate degree of risk involved and accepts applications, following company's underwriting policies. Checks such documents as application form, inspection report, insurance maps, and medical reports to determine degree of risk from such factors as... [+] More

Examines individual applications for insurance to evaluate degree of risk involved and accepts applications, following company's underwriting policies. Checks such documents as application form, inspection report, insurance maps, and medical reports to determine degree of risk from such factors as applicant's financial standing, age, occupation, accident experience, and value and condition of real property.

Audits company records to ascertain amount of insurance in force on single risk or group of closely related risks, and ascertains possibility of losses due to catastrophe or excessive insurance. Declines risks that are too excessive to obligate company. Dictates correspondence for field representatives, medical personnel, and other insurance or inspection companies to obtain further information, quote rates, or explain company's underwriting policies. When risk is excessive, authorizes reinsurance, or when risk is substandard, limits company's obligation by decreasing value of policy, specifying applicable endorsements, or applying rating to ensure safe and profitable distribution of risks, using rate books, tables, code books, and other reference material. Typically workers who underwrite one type of insurance do not underwrite others and are designated according to type of insurance underwritten. [-] Less

Assesses and watches insurance industry developments to update company products and procedures. Checks industry publications and monitors pending legislation and regulations to determine impact of new developments on company insurance products. Converses with designated company personnel to disseminate information necessitating... [+] More

Assesses and watches insurance industry developments to update company products and procedures. Checks industry publications and monitors pending legislation and regulations to determine impact of new developments on company insurance products. Converses with designated company personnel to disseminate information necessitating changes in language or provisions of insurance contracts, and assists in preparation of documents or directives needed to implement changes.

Corresponds or consults with agents, brokers, and other interested people to determine feasibility and marketability of new products to meet competition and increase sales. Develops procedures and materials for introduction and administration of new products, and submits package for review by company personnel and regulatory bodies. May recommend lobbying activities to management. May direct or coordinate activities of other workers. May specialize in analyzing developments in group insurance operations. [-] Less