Financial Lines - Senior Underwriter at AIG

Jakarta, Jakarta, Indonesia

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Some underwriting experience preferred (or other relevant professional experience with transferable skills)
Ability to analyze financial statements
Strong communication, networking, and relationship building skills
Good organizational and time management skills
Customer and sales-oriented behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable

Responsibilities

Underwriting and managing a portfolio of Financial Lines insurance products (e.g., D&O Liability, PI/E&O, Cyber, Commercial Crime, Financial Institutions, IPO, Kidnap and Ransom)
Assessing complex risks, determining appropriate terms and conditions for new and renewal business in Indonesia, in accordance with underwriting guidelines and authority levels
Evaluating and pricing complex risks through analysis of financial statements, company performance, and industry trends
Collaborating with claims, actuarial, and other internal functions to maintain portfolio quality, ensure compliance, and deliver effective client outcomes
Building and maintaining strong relationships with brokers and clients through consistent, timely, and proactive service
Generating new business by expanding broker network, attending broker events, and building new relationships in line with a sales plan
Providing accurate monthly management information (e.g., submissions, bind rate, average premium, total premium)

Skills

Underwriting

D&O Liability

Professional Indemnity

Errors and Omissions

Cyber Insurance

Commercial Crime

Financial Institutions Insurance

IPO Insurance

Kidnap and Ransom

Risk Assessment

Financial Statement Analysis

Pricing

Broker Management

Portfolio Management

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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