Casualty Underwriter at AIG

Dublin, County Dublin, Ireland

AIG Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Property CasualtyIndustries

Requirements

  • Previous underwriting/broker experience
  • Ideally knowledge of writing Captive risks or large SIR accounts
  • Progress in Insurance exams an advantage
  • Proven ability to build and maintain strong professional relationships
  • Very strong verbal and written communication skills
  • Highly motivated and results oriented
  • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions
  • Willingness to be flexible, learn on the job, and maintain a can-do attitude
  • Comfort with analytical tools and technology
  • Proficient in Word and Excel

Responsibilities

  • Communicate risk appetite and Casualty Value Proposition to brokers
  • Collaborate with Distribution and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers
  • Rapidly evaluate, prioritize and select submissions to be underwritten
  • Recognize and create cross selling opportunities for other AIG General Insurance products
  • Work with brokers to understand deal structures, terms, and AIG Services that best meets clients’ needs
  • Negotiate pricing, terms & conditions, and deal structure with brokers and clients
  • Participate in special underwriting projects as needed
  • Develop strong, long term relationships with brokers and clients to profitably grow a book of business
  • Maintain risk selection in adherence with product guidelines and achieve rate, renewal retention and new business goals
  • Provide mentoring and training to less experienced underwriters
  • Provide superior customer service to brokers and clients
  • Completion of technical raters and good file management

Skills

Casualty Underwriting
Risk Assessment
Broker Negotiation
Pricing Negotiation
Cross Selling
Risk Selection
File Management
Technical Rating
Customer Service
Mentoring

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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