(AIG Sonpo) Manager Reinsurance Operation at AIG

Minato-ku, Tokyo, Japan

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Bachelor degree or equivalent experience
Sufficient experience in overall reinsurance (Inwards and/or Outwards) including administrational operations, reinsurance accounting, structuring and/or placement
Solid verbal and written communication skills in both English and Japanese
A good team player
Adaptability to multi-cultural and diversified working environment
Ability and willingness to communicate and work with stakeholders, both internal and external
Ability and willingness to communicate with overseas stakeholders

Responsibilities

Work as a hub to assist Japan Controller teams, Underwriting Teams, Claims Team, Risk Management Team, NY Internal Reinsurance Team for day-to-day inquiries/requests related to reinsurance operations
Prepare and place reinsurance as well as maintain the current treaties for both internal and external. This requires close work with product underwriters and Head office Internal Reinsurance Team and external brokers etc
Assist/advise the claims team for any reinsurance loss recovery related issues
Reinsurance wordings will need to be checked working closely with Reinsurance Legal in NY
Handle old run-off business including commutations
Drive and support various reinsurance and finance initiatives

Skills

Reinsurance Operations

Reinsurance Accounting

Treaty Placement

Reinsurance Wordings

Claims Recovery

Run-off Management

Risk Management

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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