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The Global Insurance Services Practice is a team of over 200 experienced insurance professionals supported by a global network of over 5,000 colleagues. We have first-hand insurance industry knowledge, combined with operational, technical and executional capability.
Our aim is to grow an insurance focused management consulting and actuarial practice in EMEA by focusing on the current and emerging needs of our clients. These clients turn to us for help with a wide variety of complex problems, including: providing expert testimony in claim and reinsurance disputes, strategy, mergers and acquisitions, capital, financial and risk management. We advise household names and specialist insurers in both general insurance and life across the region.
The Litigation, Dispute Resolution & Claims Consulting area of the practice offers a wide range of services related to the mitigation and resolution of insurance coverage disputes, for general insurance areas. Types of claims analyzed include both commercial and personal lines such as: Property & Casualty, Construction, Professional Indemnity, D&O, General Liability, Accident &Health, Workers´Compensation, Medical Malpractice, Marine, Aviation, Cyber, Motor, Home, Pet, Travel.
We aim to give the successful candidate exposure across the sector and train the individuals to become insurance experts.
The primary work a graduate will be involved with includes, but is not limited to:
Litigation & Dispute Resolution
Defending international insurers against large complex claims. Generally, the claims are presented by multi national corporations. The analysis relates to the evaluation of the insurance coverage, quantification of the potential loss, and application of relevant legal precedences and development of appropriate defences and technical insurance arguments in conjunction with external or internal counsel.
Forensic Analysis
Review of large volumes of data to identify trends and anomalies to assist in the forecasting of liability. Forensic work also relates to the analysis of financial transactions to determine if premium and commissions were calculated and reinsurance ceded appropriately.
Mergers & Acquisitions Due Diligence
Analysing a potential sale or purchase of an insurer or liabilities from a corporate entity from a commercial, strategic, financial and/or accounting and operational standpoint.
Liability Estimation
Using statistical and quantification techniques to quantify potential liability an insurer or reinsurer may face to support litigation, settlements, reserving and business operations.
What You Will Do
As a graduate in the GIS team, you will work on multiple projects in a wide variety of fields, gaining a large set of skills applicable to many different industries. The role will be focused on insurance and reinsurance dispute mitigation and resolution in the general insurance area, working alongside insurance and reinsurance technical accounting experts, actuaries, risk & governance specialists, and business transformation experts.
Some of your day to day tasks may include
- Aid in the delivery of core litigation projects – exceeding client expectations by demonstrating strong problem-solving skills to address project needs
- Learning how to manage complex models and/or research
- Working effectively with a diverse work force of colleagues and client staff
- Performing analytical work both individually and in wider teams
- Developing the understanding of technical issues
- Performing data checks on work done by colleagues to ensure a quality final product
- Developing an understanding of insurance business strategy and the components that underpin high performance
- Assist team members in targeting future clients, producing marketing material and collating case study information and ensuring internal reporting metrics are efficiently collated and presented.
What We Offer You
As a graduate in the GIS team, you will work on multiple projects in a wide variety of fields, gaining a large set of skills applicable to many different sectors, classes and industries. You will receive full study support for undertaking professional qualifications and exams. You will be assigned a coach who will be a member of the senior staff in GIS and will guide you through your career progression and work with you to ensure you get the experience you seek at FTI.
Requirements
- We are looking for a motivated, inquisitive individual capable of thinking creatively, forensically, is detail focused and comfortable working as part of a team.
- Candidates must have achieved AAB at A-level or equivalent
- Achieved/On course to achieve at least a 2:1 degree with an interest in a mathematics, law, or finance
- A passion to work as a consultant at FTI Consulting
