Claims Adjuster

A claims adjuster is responsible for settlement of policyholders' claims. The adjuster will investigate the claim, determine if coverage exists, and decide how much should be paid. As a result, adjusters are insurance companies' first line of defense against fraudulent claims. They must have extensive knowledge of company policies and current insurance laws.

Risk Manager

A risk manager is responsible for identifying risks and determining the most effective ways to deal with the risks in order to preserve the firm's assets against accidental losses. Losses could result from events such as product or professional services liability, property damage, or employee dishonesty.

Underwriter

While agents or brokers may provide the initial screening of risks, it is the underwriter that makes the final decision on whether or not to insure a risk. In other words, underwriters are responsible for determining if risks meet the criteria set by the insurance company and what rate classification the risk can be placed in. Underwriters work closely with agents and brokers in an effort to make sure that the insurance company has all of the needed information.

Actuarial analysts

They use advanced statistics and modelling to understand data and assist actuaries. They produce reports on findings and identify liabilities and risks. They also identify trends and methods for designing and pricing insurance policies while verifying data sources and identifying new sources of data.

Insurance product managers

They research and collect data related to both customers and the business itself. They then analyze this data and use it to create new products or realign old ones to meet the current and future needs of their employers' customers.