Deputy Head of A&H, China at AIG

Shanghai, Shanghai, China

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, Accident & HealthIndustries

Requirements

Vision, business and financial acumen, data fluency, action-orientation
Passion for customers, talent development, and innovation
Ability to thrive in a collaborative, rapidly evolving environment
Experience leading teams (sub 40) and talent management/development
Accountability for P&L, strategy development and execution aligned with global strategy
Oversight of underwriting framework, pricing guardrails, operations, segmentation, risk management, and best practices

Responsibilities

Strategic and innovative leadership of A&H in China
Execute the strategy in alignment with senior management
Lead product development and iteration for digital and analog channel expansion
Plan and incentivize the right distribution channels of AIG China to develop and sustain major distribution partnerships with digital and traditional players
Broaden A&H customer base to target SMEs and Individual demographics mainly through digital solutions
Drive expansion of product pipeline and penetration as well as underwriting excellence and assurance (e.g., personal accident, supplemental health, and embedded products)
Business, financial, operational management to execute on growth and profitability goals
Oversee case underwriting, integrated product management to achieve new business and renewal goals, including establishing efficient and timely underwriting and product pipeline, activity, and workflow management
Set and manage to budget and financial targets (e.g., Net Premium Written, Combined Ratio, Loss Ratio, General Operating & other Expenses)
Provide appropriate governance, infrastructure, modeling, and data measurement tools; ensure consistent adoption and results-driven management decisions
Work with Actuarial to lead portfolio and rate reviews; agree and execute corrective action plans as needed
Ensure regulatory and legal compliance across A&H; engage with regulators as needed
Accountable for consumer right protection and crisis management

Skills

P&L Management

Strategy Development

Talent Management

Underwriting

Pricing

Risk Management

Operations

Portfolio Management

Claims Management

Compliance

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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