What are Insurance Law Jobs Like?
The insurance law jobs include insurance lawyers, insurance solicitors, risk lawyers, commercial and regulatory lawyers, recoveries lawyers, claims handlers, and legal counsel. Insurance solicitors are required to have 1-3 years of PQE in defending insurance claims to be eligible for applying to the positions. The insurance associates are required to have a strong academic background with training in insurance regulatory work. The application criterion for commercial and regulatory lawyers is around 2-6 years of relevant experience regarding insurance focussed commercial matters. Corporate insurance lawyers ought to have more than two years of experience in advising insurance and investment banking clients. Personal injury paralegals need to have good customer care skills.
Insurance Law Jobs’ Responsibilities
Insurance solicitors handle cases like coverage, alleged fraud, and first-party claims on behalf of major insurers. The claims can vary from theft to criminal activity and property damage. Commercial and regulatory insurance lawyers provide insurance regulatory support to the corporate insurance transactions team. Corporate insurance lawyers advise on the scrutinisation of insurance risks, insurance derivatives, outsourcing of insurance services, and insurance distribution agreements. The insurance lawyer job description also includes dealing with policy-holder and reinsurance disputes, warranty claims, and asset recovery/fraud. Legal counsel advise, manage, report, and negotiate the legal aspects of insurance transactions. Insurance paralegals work with the litigation handlers and provide updates on progress to the clients.
Skills Required to Build Insurance Law Careers
Effective communication skills both verbal and written are essential for insurance legal jobs as interacting with the clients and drafting/modifying documents are part of the lawyers, solicitors, and paralegals’ routine work. An eye for detail and updated knowledge of the different insurance policy regulations are also mandatory for the positions. Problem-solving skills will help with handling the claim and dispute cases. Individuals with good numeracy and organisation skills will better fit in the insurance law roles. Searching for a vacancy in your preferred practice area is simple and easy with Simply Law Jobs, sign in now to get job alerts relevant to your qualifications and experience!
