Casualty Product Line Leader at AIG

Scottsdale, Arizona, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Broad based insurance industry experience with specialization in Casualty product
Minimum of 10+ years of insurance operational management experience
Knowledge of market segmentation, portfolio management, acquisition and distribution
Process and system skills
Advanced knowledge of reinsurance
Strategic orientation, managing vision and purpose, developing organizational capability
Strong influencing and communications skills and ability to work across multiple areas of company and industries
Change and team leadership, as well as external thought leadership

Responsibilities

Review and approve large submissions that fall beyond the authority of Western World underwriters
Prepare, coordinate and execute product line specific training for underwriters and support staff
Proactively identify new market opportunities and product offerings as well as support cross-sell opportunities for casualty product line
Monitor key metrics to ensure product profitability and manage the casualty portfolio to meet overall business objectives
Engage with Western World wholesalers to understand their needs and gather feedback for product innovation
Develop and implement underwriting strategies and risk selection criteria for the casualty line of business
Assist in developing underwriting guidelines, appetite flyers and referral tools specific to casualty risks
Work closely with cross-functional teams, including Underwriting, Actuarial, Claims, Product Development, IT and Legal, to develop and launch new products
Support Underwriting staff with technical guidance on casualty coverage forms, endorsements, and exclusions
Speak for the casualty product line in internal meetings and external broker events and industry events
Communicate product positioning, benefits and competitive advantages and assist in developing marketing materials

Skills

Casualty Underwriting

Risk Selection

Underwriting Guidelines

Product Development

Portfolio Management

Underwriter Training

Market Analysis

Cross-Functional Collaboration

Insurance Coverage Forms

Risk Appetite

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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