Casualty Risk Consultant at AIG

Chicago, Illinois, United States

AIG Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Property CasualtyIndustries

Requirements

  • Minimum of a Bachelor’s degree
  • Minimum of 3 years of experience in at least one of the following areas: insurance loss control; manufacturing or energy industry; or environmental, health & safety (EHS) management
  • Strong verbal, written, and analytic skills
  • Highly motivated and able to work well independently
  • Ability to make decisions with and without established guidelines and provide technical support to underwriters and clients
  • Ability to manage outside contractors/vendors

Responsibilities

  • Work closely with AIG Underwriters to evaluate operations, controls, and safety culture of accounts with worker’s compensation, commercial auto liability, and general liability exposures
  • Provide detailed written reports to help underwriting make informed decisions regarding risk transfer
  • Work directly with insureds on worker safety programs, premises exposures, and product liability
  • Conduct casualty loss prevention surveys remotely and on-site at industrial and commercial facilities
  • Identify operational hazards and assess the adequacy of controls
  • Analyze downstream risks of products to users/customers
  • Identify and assess off-site exposures for various assets within a portfolio
  • Identify exposures/risks within supply chain
  • Conduct plan reviews
  • Evaluate claims data and work with analytics team to develop insights and potential action plans
  • Document survey results and provide opinion of risk/recommendations to both underwriting and clients
  • Provide documentation for underwriting files meeting state regulatory and AIG auditing guidelines
  • Partner with Underwriting and Risk Consulting personnel in Environmental, Excess Casualty, and other lines of business

Skills

Risk Assessment
Loss Control
Underwriting Support
Casualty Insurance
Workers Compensation
Auto Liability
Fleet Liability
Premises Liability
Products Liability
Risk Mitigation
Emerging Risks
Research Analysis

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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