1 Aug 2022

What Roles Are There For Me In The London Insurance Market?

Technology

The London Insurance Market. The place responsible for insuring the rare, complicated or unique, contains around 47,000 individuals all working to ensure that each individual insurance claim runs smoothly. Because of the complexity of some insurance claims, there are a number of different jobs in the market which we will look at below!

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The Leadenhall Building is a very important building within the London Insurance Market that is also insured on the London Insurance Market. So, what steps are involved?

  • A Broker would be the first point of contact for a client looking to insure the building. Brokers have an in-depth knowledge of buildings such as the Leadenhall, as well as knowledge of Mathematics, immersive technology and communication. The Broker works with the client and finds a lot of information about the building.
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  • After the Broker, the client would go to the Underwriter, who will work for an insurance company. They will give the decision of whether to take on the Leadenhall building as a client. In this scenario, the Underwriter will need to have skills in areas such as engineering, computing skills, AI and smart contracts as well as good people skills.
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  •  Finally, the client might need to consult a Claims Adjuster, whose job is to change the insurance of the building if something has gone wrong and the client needs to claim. They would need to be knowledgeable about maths and technology and also have attention to detail and be very aware of what a contract looks like and what rules are in place.

Overall, those working in the insurance market will need to have good people skills, a love to travel, and a love for meeting with lots of people regularly. Jobs in the London Insurance Market can be interesting and rewarding. To find out more, take a look at the DXC Digital Minds website here >>

Technology
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