Class Underwriter - Marine Energy/Liability at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, Marine, EnergyIndustries

Requirements

Experience of Lloyd’s market as a Marine Energy/Liability Underwriter
Detailed knowledge of marine energy and/or liability products
Chartered Insurance Institute – Advanced Diploma or educated to degree level preferred
Able to operate independently with little direction or guidance. Self-reliance, use of initiative – a “self-starter”
Able to prioritise
Strong team working approach
Verbal, written and professional presence and ability to communicate at all levels with excellent negotiation skills
Strong interpersonal skills, including strong documentation skills, excellent communication skills and the ability to summarise
Ability to understand problems and issues quickly
Positive “can do” approach
Calm, rational and methodical approach

Responsibilities

Underwrite risks in accordance with Talbot’s underwriting philosophy and within own authority limits
Assist the delivering strategy and business plans
Assist in managing the overall portfolio
Provide professional, prompt service to brokers and clients
Comply with the terms of personal underwriting authority
Assist the team in ensuring that Underwriting Guidelines are reviewed and updated at least annually
Ensure that premium entries in Subscribe are reviewed and accurately maintained in accordance with applicable procedures
Act in accordance with all regulatory standards and principles at all times
Provide information and assistance as needed to ensure that other syndicate staff can carry out their responsibilities
Make every reasonable effort to increase own knowledge, skills and expertise

Skills

Key technologies and capabilities for this role

Marine UnderwritingEnergy UnderwritingLiability UnderwritingRisk AssessmentPortfolio ManagementLloyd's MarketUnderwriting AuthorityBroker ManagementRegulatory ComplianceSubscribe System

Questions & Answers

Common questions about this position

What experience is required for the Class Underwriter - Marine Energy/Liability role?

Candidates need experience of Lloyd’s market as a Marine Energy/Liability Underwriter and detailed knowledge of marine energy and/or liability products. Chartered Insurance Institute – Advanced Diploma or education to degree level is preferred.

Is this a remote position or does it require office work?

AIG values in-person collaboration as a vital part of its culture, so team members are asked to work in-person. The specific location or remote policy is not fully detailed.

What is the salary or compensation for this role?

This information is not specified in the job description.

What does AIG and Talbot's company culture emphasize?

AIG values in-person collaboration as a vital part of its culture. Talbot features an expert team of highly skilled underwriters focused on delivering tailored insurance solutions with a strong team working approach.

What makes a strong candidate for this underwriter position?

A strong candidate is a self-starter able to operate independently, prioritize tasks, with strong interpersonal, communication, and negotiation skills, plus a positive 'can do' approach and calm, methodical mindset.

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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