American International Group - IN, IN
posted 6 days ago
About the position
This Underwriter role will be an ideal next step in your career if you already have some relevant experience in insurance - or this could be your entry into underwriting if you have transferable skills. AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague - empowering our people to grow as insurance professionals and add more value to our customers and AIG. The role will work closely with Specialty Sales, Claims and Operations, Finance, Legal, Risk and Compliance to help achieve strategic initiatives, which will assure the long-term growth of profits for Accident and Health.
Responsibilities
- Underwriting Specialty Markets accident quotes within an assigned territory team
- Case underwriting of Specialty Markets accident coverage for both renewals and new business (manual rating and experience rating)
- Analyze, select, and price risks, and have the ability to articulate underwriting analyses and identify corrective actions, if any, to sales team and broker contacts
- Achieve new business premium targets, premium retention targets and loss ratio targets for assigned territory
- Strategize with other members of assigned territory team to identify target market segments and to develop broker distribution relationships
- Servicing of assigned accounts and brokers, in conjunction with other Underwriting and Sales team members within assigned territory
- Work closely with other functional areas: Claims; Actuarial; Operations; Finance; Legal and Compliance
- Prepare (where applicable) review and approval of case referrals
- Liaise with internal stakeholders to ensure awareness of underwriting activities that require support and service
- Deliver timely and accurate quotes/binders
- Assist in achieving overall GPW goal in collaboration with Distribution
- Work closely and share responsibility for overall revenue goal through new business and retention targets
- Quarterly self-audit process to assure 100% and timely compliance and take necessary actions on audit recommendations and findings
- Adherence to all internal and external compliance standards, including implementation of new standards
- Training to ensure compliance to underwriting authority and sales practice
Requirements
- Proven Accident and Health products and technical underwriting skills
- Strong customer service ethic, with a sound understanding of the business processes
- Excellent communication and influencing skills - both written and oral
- Excellent planning and negotiation skills
- Self-motivated and able to set strategic direction
- Able to work in a team to lead and contribute so that AIG meets its strategic goals
- Knowledge of country regulatory and compliance requirements
Benefits
- Comprehensive benefits package focused on health, wellbeing, and financial security
- Professional development opportunities
- Flexible work arrangements
- Diversity and inclusion learning
- Cultural awareness activities
- Employee Resource Groups (ERGs)
