Tuesday, 3 June 2008

First Full Day of Work in the Office! and a Trip to Lloyds!!!

Well its Tuesday Afternoon here on a typical London day, rainy...



Tom and I live in London E1 on the outskirt of London Zone 1 (CITY) $$$. So our Tube line is under repairs for awhile so we have a bus that is 1.5 quid to the office or if need be a cab for 5.



Monday was spent with HR doing generic employee introduction work. Reviewing company policy and medical history and safety code as well as what our health benefits were while we stayed. Lunch was with Matt Searby, our mentor, Hoog, and a new intern. We had amazing curry all compliments to Matt. We discusses how Lloyds market operates and what jobs we would be undertaking when working on his team particular - BMS Intermediaries. After lunch we went to the classroom and learned about Insurance Principles and FSA rules and regulation and were tested on our knowledge.



Tuesday Tom and I were split into our individual job shadows. I started in Technical Claims and after 20 minutes of training I was login in Claims adjustments into accounts from my computer desk! After a stack of those I followed a Claims Broker to the Lloyds building to deal with a Claims underwriter at a syndicate called FARADAY. I got issued a two-week temp Lloyds pass and with that I checked through the security point and was in the Lloyds syndicate floor full of brokers walking around to talk to one of the 6o+ underwriter offices open for business. It was intimidating, its an industry that revolves around relationships. There is serious business all over but its the relationships built between brokers and underwriters that really can help in the broking process for a claim or risk product.

The claims broker I shadowed had a 4 minute conversation with the Lloyds underwriter about his family after they did business. It was a rather interesting first trip and well as that was happening guess who roled up accross the room with another BMS broker, Young Hoog! Good times. I'm sneaking in my camera to take pics next trip so you all can see how amazing it is on the Lloyds floor (no public allowed).

Back at the office, I helped Andy Scales, my Claims Director wrap up some more claims data entries and Tom and I made the walk home to the flat only to eat dinner check our mail and pass out until the next morning for work...

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