Exchange Street Executive Search is one of the leading recruiters in the UK for loss adjusting jobs.
Loss adjusters are independent claims specialists who investigate complex or contentious claims on behalf of insurance companies and help policyholders restore their property to full working order. They investigate at the scene of an incident, establish the causes of the 'loss' and whether it is covered by the insurance policy. They then write reports for the insurer, assessing the validity of the claim and recommending appropriate payment.
It is common for loss adjusting jobs to require work outside normal office hours. Loss adjusting jobs involve some time spent working in offices or from home, but the majority of time in loss adjusting jobs is spent 'on-site'.
Loss adjusting jobs may require involvement in incidents such as fires, train crashes and earthquakes.
There are no set minimum entry requirements for loss adjusting jobs, although qualifications in one of the areas of accountancy; building; business studies; construction; economics; engineering; insurance studies; law; mathematics; risk management; statistics; surveying, may increase chances.
Entry to loss adjusting jobs for school or college leavers would probably start in claims handling for an insurance company.
Previous experience in fields such as insurance, engineering, accountancy or surveying may be very helpful for loss adjusting jobs.
After gaining Chartered Loss Adjusting status following successful completion of the Chartered Institute of Loss Adjusters (CILA) examinations, there are several possible routes to career development for loss adjusting jobs, including technical specialisation and management.
Within larger firms, there will be teams handling most types of claims as well as a management route to follow. Typically, the first step is to become leader of a team handling particular categories of claim, such as fraud or subsidence.
It is possible to choose loss adjusting jobs which specialise in a particular area such as accident investigation, property or fraud instead of prioritising management responsibilities.
Some smaller firms regularly have loss adjusting jobs available on a case-by-case basis, so there are opportunities for those with experience and a good track record to work freelance.
Loss adjusting jobs are traditionally available in independent firms, with the range of employers including brokers, insurance and reinsurance companies.
Major firms with loss adjusting jobs available include McLarens Young International, GAB Robins and Cunningham Lindsey.
These figures are only intended as a guide: (salary data collected Nov 08)