Executive Underwriter, Primary Casualty at AIG

New York, New York, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Minimum Experience: 7+ years of Commercial Insurance Company, Agency, or Brokerage experience
Education: Bachelor’s degree from a four-year college or university
Knowledge: Advanced working knowledge of the NA Casualty lines of business, including product features, forms, regulatory environments, and risks (e.g., Environmental, Excess or Primary Casualty, NA Auto, WC, AL, GL, DBA, Foreign Casualty)
Skills: Proven ability to build and maintain strong professional relationships

Responsibilities

Exercise judgment, negotiate, and make sound business decisions effectively, based on increased authority
Render alternative outcomes for difficult situations and make real-time decisions in a fast-paced, ambiguous environment
Support consistent underwriting best practices, ensuring rating, pricing, profitability, and structuring adequacy
Assign and manage the work of a team of underwriters
Assist underwriters in executing on strategic initiatives
Provide support and develop solutions to their issues/concerns (system, guidelines, training, reports, new project requests, product amendments)
Assist underwriters in collaborating with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross-selling opportunities from brokers
Utilize various daily reports and constant monitoring of adherence to underwriting requirements and guidelines to oversee assigned book of business
Keep abreast of developments in assigned territories to determine their effect on current accounts and potential new business opportunities
Work with management, the Insured, its broker, and outside counsel on contract terms and conditions, pricing, terms & conditions, and deal structure for complex risks
Develop strong, long-term relationships with brokers and clients to profitably grow a book of business
Identify the need for and manage special underwriting projects as needed
Provide superior customer service to brokers and clients

Skills

Underwriting

Casualty Insurance

Commercial Insurance

Risk Assessment

Pricing

Negotiating

Team Management

Regulatory Knowledge

Relationship Building

Cross-Selling

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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