Executive Underwriter, Corporate Accounts at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Minimum of 5 years experience underwriting Primary Casualty business
Proven experience and expertise in underwriting both Loss Sensitive (deductible/SIR) and Guaranteed Cost program structures
CPCU, ARM, or other insurance designations are a plus
Established relationships with regional brokers handling Primary Casualty/Upper Middle Market business
Strong communication, networking and relationship building skills
Good organizational and time management skills. Ability to handle multiple tasks concurrently within a fast-paced, team-oriented working environment
Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable
Strong presentation, negotiation, communication, and business development skills
Strong Analytical and quantitative skills; familiarity with actuarial data and pricing models
Demonstrated ability to generate profitable new business
Serve as a mentor and key training resource for the team. Share expertise and help new underwriters navigate complex accounts and system workflows

Responsibilities

Underwrite new and renewal business in the Region to help drive the profitable growth of our Primary Casualty group
Assess/analyze the desirability of risk by identifying hazards and exposures for new and renewal business
Set a high standard of customer service to brokers and clients – providing an example for junior colleagues to follow
Provide guidance, mentoring and training to less-experienced underwriters – and support them in building their broker network
Provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting
Generate new business by expanding your broker network, representing AIG at internal and external meetings/broker events, and building new relationships across the market
Utilize authority to underwrite and price loss sensitive (deductible/SIR) and guaranteed cost business for the following lines of business: Workers Compensation, General Liability and Commercial Auto Liability
Work closely with brokers to communicate risk appetite and our value proposition – and to understand the deal structures, terms and conditions and products that best meets clients’ needs
Work collaboratively with home office, distribution, actuary, claims, loss control, premium audit, credit and legal to develop and maintain a profitable portfolio of primary accounts business
Adhere to underwriting rules and guidelines
Collaborate with other product lines to provide full product support to the client
Develop and maintain strong relationships with brokers to ensure a desirable flow of new business and to maintain renewal business
Participate in business travel as required to support client relationships and foster business development

Skills

Underwriting

Casualty Insurance

Workers Compensation

General Liability

Commercial Auto Liability

Risk Assessment

Broker Management

Mentoring

Pricing

Guaranteed Cost Business

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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