Complex Claims Adjuster, Auto at AIG

Singapore

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

Requirements

  • BCP and PGI certification
  • Basic insurance knowledge with basic grounding on Auto Claims
  • Policy language skills enabling accurate and consistent policy wording interpretation
  • Basic knowledge of legal/regulatory and litigation/procedural requirements for the Auto line of business (preferred)
  • Ability to work with claims stakeholders to effectively direct claims strategy
  • Good communication and customer servicing skills, both written & verbal
  • Time Management: ability to manage & prioritize workload
  • Good computer literacy skills
  • Ability to exercise initiative, adapt to a fast-paced environment and contribute effectively within a team setting

Responsibilities

  • Managing key claims handling enquiry; coverage determination, quantum analysis and legal liability assessment, where appropriate within authority limits and providing a consistently strong standard of customer service
  • Ensuring effective vendor and litigation management on Complex Claims within a personal allocation
  • Reporting key claims messages to their Team Manager and to internal stakeholders
  • Broader internal/external stakeholder communication where required as Auto Technical Claims Expert
  • Strive for continuous improvement on claim file handling with feedback and support through the Quality Assurance Review processes
  • Assist in continuous improvement across the region through support for the Quality Assurance/Regional Audit processes
  • Ensure adherence to best practice procedures for Auto Complex claims, consistent with global best practice
  • Demonstrate a high standard of technical claims competence and strong standard of competence in handling intermediate to advanced complex Own Damage, Recoveries & Third Party claims in Auto within authority limits
  • Timely, accurate and customer focused claim resolution, minimizing indemnity exposure and mitigating vendor and legal expense
  • Effective communication of key advanced Complex Claims and Auto Claims portfolio messages to internal stakeholders
  • Financial control through consistent reserve and other financial transaction discipline
  • Accurate and consistent policy interpretation
  • Attain objectives for assigned projects
  • Achieve benchmarks for claims processing and file closure
  • Handling of any other projects/tasks which may be assigned from time to time

Skills

Claims Handling
Coverage Determination
Quantum Analysis
Legal Liability Assessment
Vendor Management
Litigation Management
Stakeholder Communication
Quality Assurance
Auto Claims
Own Damage Claims
Recoveries
Third Party Claims

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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