Head of Accident & Health, Canada at AIG

Toronto, Ontario, Canada

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, Accident & HealthIndustries

Requirements

15+ years of Accident and Health insurance expertise and leadership in Canada
Deep expertise in A&H
Expert technical underwriting background
Knowledge of market segmentation, portfolio management, acquisition and distribution
Proven strategic leader

Responsibilities

Drive the business strategy to successfully propel AIG A&H lines into a significant and profitable leadership position in Canada sustainable over the long term in support of AIG’s growth and profitability objectives
Lead a team of 17 across Canada
Drive market leading performance in the Canadian A&H portfolio
Develop and communicate a value proposition that recognizes changing business and competitive environment dynamics, key business drivers and financial elements, and demonstrates the competitive advantage to clients and key broker partners
Develop, position, market, and deliver innovative, market-leading products and services through the geographic framework to a network of producers in a manner that leverages strengths
Drive underwriting portfolio excellence across Accident and Health, in collaboration with the CUO, by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy
Through strong market presence, develop mutually beneficial relationships with key broking partners, and position AIG Canada as a leader in the Accident and Health market
Deliver multi-channel strategies to deliver the best of AIG products to customers
Establish strong relationships with Canada, regional and global leadership; create mutual understanding of overall specialty strategy to drive effective execution of business model and delivery of AIG Canada strategic plans
Work closely with Reinsurance team to ensure an effective reinsurance strategy that supports risk appetite for per risk and aggregation across all product lines, as well as active management of the portfolio
Collaborate with P&C Underwriting and Distribution to ensure a holistic approach to client and broker strategies
Collaborate with Claims team to ensure a reputation of Claims excellence in the marketplace
Collaborate with Actuarial on creating and maintaining proper pricing tools and techniques
Demonstrate understanding of regulatory and compliance processes and ensure AIG stakeholders understand the Accident and Health business model, underwriting methodology, and the risks assumed, as well as supporting responses to regulatory inquiries
Drive deeper understanding across the Canada business of the A&H business model, underwriting methodology, and the risks assumed
Develop tools and strategies, in collaboration with HR, to attract and retain top industry talent and develop high performing teams
Lead and develop a team of talented underwriters to develop their full potential and drive a culture that promotes AIG’s Purpose and Values

Skills

Underwriting

Business Strategy

Risk Management

Product Development

Portfolio Management

Pricing

Distribution Strategies

Leadership

Financial Planning

Market Analysis

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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