Careers rarely develop the way we plan them. Our career path often takes many twists and turns, with particular events, choices and people influencing our direction.

We asked James Sheridan from Failte Ireland to give some advice for people considering this job:

 

James Sheridan

Restaurant Manager

Failte Ireland

Read more

  James Sheridan

The best thing about this industry is you can get a job in the local hotel or restaurant, part time, and see if you like it.

Sit down with the manager and have a list of questions prepared. Don't make too many plans, just go with the flow, be nice/positive to everybody and things will go alright

Close

Investigative?
Investigative 
The Investigative person will usually find a particular area of science to be of interest. They are inclined toward intellectual and analytical activities and enjoy observation and theory. They may prefer thought to action, and enjoy the challenge of solving problems with clever technology. They will often follow the latest developments in their chosen field, and prefer mentally stimulating environments.
Career Interviews
Sector Profiles
School Subjects (LC)
College Courses
Close
Study Skills
Other
Work Experience (School)
CV & Interview Preparation

Occupation Details

logo imagelogo image

Reinsurance Technician

Job Zone

Education
Most of these occupations require qualifications at NFQ Levels 7 or 8 (Ordinary / Honours Degrees) but some do not.

Related Experience
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an engineer must complete four years of college and work for several years in engineering to be considered qualified.

Job Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Job Zone Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, computer programmers, teachers, chemists, environmental engineers, criminal investigators, and financial analysts.

Return to List
Saves this course to your Career File if you are registered.

At a Glance... header image

Provides support in the undewriting of reinsurance risks, identifying new business opportunities and developing and maintaining client relationships.


The Work header image

Reinsurance companies are the insurance industry’s own insurers, enabling insurance companies to off-set their own exposures to large claims or a series of claims occurring at the same time.

The Reinsurance Technician provides support in the undewriting of reinsurance risks, identifying new business opportunities and developing and maintaining client relationships.  

Reinsurance technicians play a pivotal role in this process and will normally specialise in a particular area such as aviation or marine risks.

The range of risks is diverse, so insurance specialists will exist in every area from catastrophe risk, to aviation risk to entertainment.

In taking a risk onto its books the re-insurer has to make a judgement call as to the statistical likelihood of a claim being made and also future developments which may fundamentally change the nature of the risk. A reinsurance technician may be involved in this process or may be responsible for looking at and processing claims. There are several facets to the role:

Technical Analysis - Reinsurance technicians may assist underwriters and work with a variety of other professionals such as lawyers, statisticians and scientists, to develop views on the current and future risk probabilities. Their role is to assist in the evaluation of existing and new business including negotiating with insurers about terms, conditions and prices. Their role is to help underwriters and brokers to build bespoke insurance programmes to protect the re-insurer and meet the objectives of their clients based on price and other technical factors.

Legal Analysis - There are a variety of legal restrictions that may apply and these may vary across countries. Reinsurance technicians may be expected to work with lawyers in order to draft documentation and create policy wording as appropriate, or amend policies for renewals.

Actuarial and Pricing Analysis - Reinsurance Technicians work with actuarial professionals to monitor the pricing of re-insurance contracts, typically drafting initial pricing.

Processing - Reinsurance Technicians are expected to process claims and renewal policies, and to monitor policies to make sure that their technical provisions are being met. They may also be responsible for collecting debts on existing policies.

 


Personal Qualitiesheader image

Skills

  • Technical knowledge of the insurance industry.
  • Attention to detail - ability to ensure all conditions of a claim are met so that the claim can be processed and validated
  • Ability to work to tight deadlines.
  • Good organisational skills.
  • Numeracy and literary skills.
  • IT skills.
  • Excellent interpersonal, customer care and communication skills.
  • For specialist areas, very specific skills may be required

Knowledge of specialist programmes such as IRIS and LORS may be required for certail specialist roles.


Entry Routesheader image

Last Updated:


Related Occupationsheader image

Contactsheader image

bullet

Organisation: Insurance Institute of Ireland
  Address: Insurance House, 39 Molesworth Street, Dublin 2
  Tel: (01) 677 2582
  Email: Click here
  Url Click here

bullet

Organisation: Insurance Ireland
  Address: Insurance House, 39 Molesworth Street, Dublin 2
  Tel: (01) 676 1820
  Email: Click here
  Url Click here

bullet

Organisation: LIA
  Address: LIA House, 183 Kimmage Road West, Dublin 12
  Tel: 01 - 709 9850
  Email: Click here
  Url Click here

 

Job Search


Career Guidance

This occupation is popular with people who have the following Career Interests...


...and for people who like working in the following Career Sectors:

Banking, Insurance & Financial Services

Search for Related Courses from Qualifax - the National Learners Database

Go..


Higher Ed & CAO Course suggestions
If you are interested in this occupation, then the following courses may also be of interest. Note that these course suggestions are not intended to indicate that they lead directly to this occupation, only that they are related in some way and may be worth exploring.
Courses found: 59
Accountancy - ACCA
Limerick City College
Accountancy and Management
Limerick City College
Accountant - Chartered Certified - ACCA
Cork City College
Accounting and Finance
Dundalk IT
Accounting and Finance
IT Tallaght
Accounting and Finance
IT Tallaght
Accounting and Finance
Griffith College. Dublin
Accounting and Finance
DIT
Accounting and Finance
Maynooth University
Accounting and Finance
ICD Business School
Accounting and Finance
Dublin Business School
Accounting and Finance
Independent Colleges
Accounting and Finance
Griffith College. Cork
Accounting and Financial Management (Castlebar)
GMIT - Galway-Mayo IT
Accounting Technician - Certified
Limerick City College
Actuarial and Financial Mathematical Sciences - Common Entry
DCU
Actuarial and Financial Studies
UCD (NUI)
Arts - Accounting
Maynooth University
Arts - Economics
University of Limerick
Arts - Economics
TCD
Arts - Economics
UCD (NUI)
Arts - Economics
NUI Galway
Arts - Economics
UCC (NUI)
Arts - Finance
Maynooth University
Business
Waterford IT
Business (Accounting and Finance)
Limerick IT
Business (Accounting and Finance)
Limerick IT
Business (City Centre)
IBAT College. Dublin
Business (Clonmel)
Limerick IT
Business and Technology
Dundalk IT
Business in Finance
GMIT - Galway-Mayo IT
Business in Finance and Economics
GMIT - Galway-Mayo IT
Business in Finance and Investment
IT Sligo
Business Studies
Griffith College. Limerick
Business Studies and French
TCD
Business Studies and German
TCD
Business Studies and Russian
TCD
Business Studies and Spanish
TCD
Business Studies with a Modern Language (French)
University of Limerick
Business Studies with a Modern Language (German)
University of Limerick
Business Studies with a Modern Language (Japanese)
University of Limerick
Business, Economic and Social Studies
TCD
Commerce
UCC (NUI)
Commerce
NUI Galway
Commerce (Global Experience)
NUI Galway
Commerce (International) with Chinese Studies
UCC (NUI)
Commerce (International) With French
NUI Galway
Commerce (International) With Hispanic Studies
UCC (NUI)
Commerce (International) With Italian
UCC (NUI)
Commerce (International) With Spanish
NUI Galway
Commerce - Accounting
NUI Galway
Commerce International
UCD (NUI)
Finance
UCC (NUI)
Finance / International Finance and Economics
Maynooth University
Finance and Investment
Waterford IT
Financial Mathematics and Economics
NUI Galway
Financial Services
Dublin Business School
Human Resource Management
DIT
Law with Accounting
Independent Colleges


Further Ed & PLC Course Suggestions
If you are interested in this occupation, then the following courses may also be of interest. Note that these course suggestions are not intended to indicate that they lead directly to this occupation, only that they are related in some way and may be worth exploring.

Courses found: 16