Exposure Management Manager at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Significant catastrophe and exposure management experience, preferably with some time spent on non-Nat Cat accumulation management methodologies
Experience dealing with lines of business where models and modelling methodologies are less mature than Nat Cat. Comfort with the inherent uncertainty and lower data quality of these lines
Effective communicator/influencer with strong written and oral communication skills
Excellent attention to detail and organisational skills with the ability to multi-task and prioritise
Ability to translate and communicate business priorities to a wide range of audiences
Strong insurance market knowledge, particularly for Property and Specialty Lines of Business
Experienced user of internal and external vendor models, in a range of applications including for portfolio and pricing, as well as internal deterministic scenario-based analyses
Experience in working for successful, large multinational insurance organisations with matrix management structures
Technical programming proficiency including but not limited to the SQL and R languages
Demonstrated commercially focused, analytical, quantitative, and problem-solving skills

Responsibilities

Lead the management and development of Talbot and AIG’s views of non-natural catastrophe risk across relevant classes of business, including business underwritten across all of Talbot’s managed syndicates as well as business managed by Talbot but underwritten on AIG company paper
Support the design and development of standardized reporting frameworks for relevant lines in collaboration with Talbot and AIG Cat & EM leadership, building a framework that is robust and consistent across the different lines of business whilst allowing for the inherent risk differences within each LOB
Direct management of two analysts as well as mentoring and leadership of analysts across the rest of the team
Oversee implementation of aggregation management and risk appetite methodologies, to ensure that the companies aggregation risk is accurate and well understood
Support the business planning process of non-property lines across Talbot syndicates
Collaborate with Underwriters, Actuaries, Capital Modellers and others across the company and group, in implementing Exposure Management in Underwriting, Pricing, and the Internal Model
Develop and instill sustainable, high quality best practices, ensuring documentation is maintained
Establish strong relationships with AIG Cat Leadership, and well with local and regional Underwriters and Underwriting Leadership
Provide additional ad-hoc support such as catastrophe event response, reinsurance purchasing, regulatory reporting, as needed
Responsible for all aspects of EM at Talbot including PV & Terrorism, Cyber, Fin Lines, and other non-Nat Cat modelling, for direct underwriting business underwritten by Talbot S1183, as well as AIG’s special purpose alternative capital syndicates S2019 and S2487

Skills

Catastrophe Modelling

Exposure Management

Risk Aggregation

PV Modelling

Terrorism Risk

Cyber Risk

Financial Lines

Underwriting Support

Standardized Reporting

Team Leadership

Business Planning

Actuarial Collaboration

Capital Modelling

Risk Appetite

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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