Financial Lines Underwriter

Hong Kong

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Not SpecifiedCompensation

Junior (1 to 2 years), Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Financial Services, InsuranceIndustries

Requirements

Candidates should possess a University Degree and preferably 2-3 years of experience in finance or risk assessment, with a preference for experience in financial institution audits, business consulting, legal, securities placement, or corporate finance services. General knowledge of General Insurance (GI) product and market is preferred, and strong English and Chinese language skills are required.

Responsibilities

The Financial Lines Underwriter will be responsible for understanding and summarizing the risk of commercial clients, particularly financial institutions, while maintaining underwriting disciplines. They will identify “first sign trends” in business submissions, communicate frequently with their manager to identify market trends and risk profiles, and manage the profitability of the portfolio. Additionally, they will assist the manager with underwriting requirements for new products and enhancements, maintain contact with peers within the industry, and provide support to the Manager with regards to risk analysis and policy development.

Skills

Risk Assessment

Financial Risk

Market Trends

Regulatory Compliance

Underwriting

Management Liability

Crime Insurance

Professional Indemnity

Financial Institutions

Business Consulting

Analytical Skills

Interpersonal Skills

English

Chinese

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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