AVP, Claim - Casualty (Life Sciences) (Finance)
JOB DESCRIPTION
The Life Sciences Claims Team provides claim handling with regard to some of the largest medical products manufacturers and providers of instruments with worldwide distribution on the cutting edge of innovation, research and technology. Typical Life Sciences claims involve complex medical devices, prescription drugs, OTC formulations, nutrition products and clinical trials under Products/Completed Operations, General Liability (premises/operations) and E&O coverages. The AVP will report to the VP of Life Sciences Claims.
Responsibilities:
- Manage claims nationwide.
- Analyze and address coverage issues timely and accurately under multiple policy contracts.
- Ability to develop knowledge of insurance coverage and contracts.
- Promptly and properly investigate, document, and contact all knowledgeable parties.
- Maintain well documented and articulate file notes.
- Evaluate complex damages, liability exposures.
- Set accurate and timely reserves.
- Direct control of the litigation management process and expenses.
- Interact with business partners, insureds and directly with claimants and counsel.
- Negotiate cases to an acceptable resolution under limited supervision.
- Present cases and regularly share expertise with colleagues and senior management.
- Recognize potential fraud and third-party contribution issues and handle as appropriate.
- Adhere to all statutory regulations and Unfair Claim Practices Acts.
- Assist where needed in management functions.
QUALIFICATIONS
- 7+
ABOUT US
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
