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Hi Sharks
Please let me know following
What salary to expect for 16 YOE ,for Chief Manager 2 (Information Tech) post at ICICI
What is % of CTC is performance bonus for CM2 post?
If I joined in Jan , will I get a bonus in Mar?
Usually how much % do they give for a generic rating? ICICI Bank HDFC Bank Limited Kotak Mahindra Bank Bank of America Bank of America JPMorgan Chase
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Additional Posts in Insurance Litigation
Hi everyone, interview for entry level Allstate claims position. Should I take it being 3 business days since my final interview and no offer. The interviewer said to give it a week and that she was gna give my info to hiring manager to review, but I thought she was the hiring manager since this was the 2 interview outside internal recruiter interview. i sent a thank you email the day after. But i don’t know i thought it was a good interview. Allstate
Feelings in general on Reminger and comp?
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Carrier side represents the insurer. In a nutshell they represent the company in its declination of claims and against bad faith claims.
Policyholder side represents the policyholder. They represent individuals or corporate clients in attempts to have claims for coverage paid out and potentially bringing bad faith claims against the insurer.
Reinsurance can be a variety of things but generally in litigation it's insurers disputing claims. Insurance companies often reinsure large risks so that if they have to pay a claim they can recoup some or all of it from their own insurer. So they In essence become a policyholder themselves. Disputes to coverage arise in this context also.
It's more fun to rep policyholders cuz you have a little more leeway in how you can guide the matter. Insurers have guidelines you have to follow to a tee to get paid. Working for an insurer you also have to answer to a claims handler which sucks. They are often non practicing lawyers who think they know more than the attorney. It's a lot of red tape.
Plus representing the policyholder you get to go up against some of the biggest insurance companies in the world. It's an interesting dynamic. I represented policyholders for a decade and generally really enjoyed despite generally disliking litigation.