Interesting Job Opportunity: Litigation Head - Recovery Third-Party Claim

Job Description

Recovery third-party claim litigation job involves investigating, negotiating, and if necessary, litigating claims against third parties to recover damages paid by the insurance company, often in motor accidents or other liability situations. What It Entails Here's a breakdown of the role and related aspects: Third-Party Claims These are claims made against the insurance policy of one party (the insured) by a third party who has suffered damages or injuries due to the insured's actions or negligence. Recovery The goal is to recover the costs the insurance company has paid to the claimant (the person who suffered the loss) from the party at fault. Litigation If negotiations fail, the job may involve initiating legal proceedings to pursue the recovery of the damages. Investigation Thoroughly investigating the incident, gathering evidence, and assessing liability are crucial steps. Negotiation Attempting to reach a settlement with the at-fault party or their insurer is often the first step. Legal Knowledge A strong understanding of legal principles, insurance law, and litigation procedures is essential. Job Titles And Responsibilities Third-Party Claims Specialist/Handler: Focuses on the investigation, negotiation, and settlement of third-party claims. Litigation Specialist/Manager Handles the legal aspects of pursuing recovery, including preparing cases for court and representing the insurance company. MACT Motor Claim Legal Manager Specifically focuses on cases related to Motor Accidents Claims Tribunal (MACT). Skills And Qualifications Legal Knowledge: Strong understanding of insurance law, tort law, and litigation procedures. Negotiation Skills: Ability to effectively negotiate with opposing parties and insurers. Investigation Skills: Ability to gather and analyze evidence to determine liability. Communication Skills: Excellent written and verbal communication skills for interacting with clients, insurers, and legal professionals. Analytical Skills: Ability to assess cases, identify strengths and weaknesses, and develop effective strategies. Experience: Experience in claims handling, litigation, or related areas is often required. (ref:iimjobs.com) Show more Show less