A&H Underwriting Manager at AIG

Bangkok, Bangkok, Thailand

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Relevant Degree in Business, Insurance, actuarial science, accounting, finance or related fields
Solid proficiency of underwriting and insurance industry theories and practices
Professional qualifications such as ACII or ANZIIF preferred but not mandatory
Experience in the insurance industry as an underwriter or production underwriter, preferably in A&H
Effective technical and analytical skills
Problem-solving skills, with a logical approach to work
Excellent proficiency in verbal and written English
Organized individual with acute attention to details and ability to delegate
Strong interpersonal and negotiation skills at multiple levels
Experience working within a profit center environment with a mid-size to [large] organization

Responsibilities

Support Business and Distribution teams by delegating instructions from Regional A&H Underwriting, providing guidance on risk appetite for product development discussions, and liaising with Regional Underwriters on new product submissions
Develop, implement and manage underwriting programs and processes, including technical pricing using raters or ground pricing, Loss Control, Quality and Audit Controls, Underwriting Plan/Monitoring Control, Policy Delivery Management, Catastrophe Management (support Global PML CAT modelling/control), Portfolio Monitoring and Control, and familiarity with local OIC filing guidelines
Underwriting Management: Underwrite New Business and approve cases within assigned authority according to the underwriting standard and within set TAT/SLA targets; oversee and direct submissions to Regional and/or Home Office for review beyond delegated underwriting authority; obtain approval by Regional Management or Global Underwriting when required; ensure all business is underwritten within established Internal Audit Guidelines; establish, implement and communicate country underwriting policies and procedures, response timetables and quality standards
Manage the end-to-end policy delivery process, ensuring product set-up is done to accurately reflect premiums and reinsurance arrangements; ensure scheduled and ad-hoc reporting requirements are met
Facilitate portfolio management of various product lines: review and report results of all A&H product lines portfolios to ensure profitability and viability of products; work closely with Claims Department to analyze claims data and recommend actions to manage losses according to underwriting intent, ensuring loss ratios are within target levels and expectations; provide input to business teams to support business-case-writing when required
Manage, train, mentor and guide underwriters to be technically proficient in underwriting and product development; initiate and lead in reviewing underwriting proficiency and efficiency of technical and production underwriters
Liaise with other functional groups to ensure appropriate and timely flow of technical information into and out of the Underwriting Unit (e.g., Finance and Claims)
Lead and coordinate internal and external underwriting audit reviews
Manage ad-hoc projects assigned

Skills

Key technologies and capabilities for this role

UnderwritingRisk AppetiteTechnical PricingLoss ControlQuality Audit ControlsPortfolio MonitoringCatastrophe ManagementPolicy DeliveryOIC FilingAccident & Health Insurance

Questions & Answers

Common questions about this position

What is the employment type for this Underwriting Manager role?

The position is full-time employment.

Is this Underwriting Manager position remote or office-based?

This information is not specified in the job description.

What key skills are required for the A&H Underwriting Manager role?

Key skills include technical pricing, loss control, underwriting new business within authority limits, portfolio monitoring, and training/mentoring underwriters.

What is the company culture like at AIG for this role?

AIG emphasizes reimagining risk management, transforming the operating model, empowering colleagues to grow as insurance professionals, and unlocking full potential in team members.

What makes a strong candidate for the A&H Underwriting Manager position?

Strong candidates have specialist expertise in Accident & Health underwriting, experience managing underwriting programs, proficiency in portfolio management, claims analysis, and mentoring underwriters.

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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