Claims Specialist
4 weeks ago
At-Bay is a pioneering insurance company that combines cutting-edge technology with industry-leading expertise to help clients navigate complex risks. Our mission is to empower businesses to thrive in an ever-changing landscape.
The RoleWe are seeking a highly skilled Claims Counsel to join our team. As a key member of our claims team, you will be responsible for collaborating with internal stakeholders and external vendors to resolve cyber incidents. Your expertise will be instrumental in evaluating coverage for claims, drafting coverage letters, and building strong relationships across the company.
Your Impact- Collaborate with internal teams and external vendors to chart the best course for resolving cyber incidents
- Evaluate coverage for claims and draft coverage letters
- Build strong relationships across the company and act as a trusted advisor for underwriting and risk functions
- Foster feedback loops with underwriting and security teams to fuel product improvement
- Cultivate strong relationships with brokers and insureds, delivering exceptional service
- Evaluate and manage exposure for cyber incidents and third-party litigation
- Develop strategies for handling third-party litigation for cyber and technology claims
- Report on significant claims to management
- Evaluate and proactively set reserves
- Focus on continuous improvement for claims-related processes and UW/Security feedback loops
- Endless curiosity and a sense of humor
- Desire to have a deep impact on the company's risk management and underwriting technology
- Excellent communication skills and ability to speak credibly to clients and partners
- Experience partnering with external stakeholders
- 1-4 years' experience with insurance coverage and litigation, with a bonus for cyber and technology insurance experience
- Strong interpersonal skills and dedication to delivering exceptional service
- Claims adjusting background and/or insurance practice experience as an attorney or paralegal
- Legal degree required
Our estimated base pay range for this role is $120,000-$170,000 per year, determined by a variety of factors including market data, location, internal equitability, domain knowledge, experiences, and skills.
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