Head of Financial Lines, UAE at AIG

Dubai, Dubai, United Arab Emirates

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Knowledge & strong connections in the UAE direct insurance market
In-depth insurance experience, including specific line of business (Financial Lines)
Relevant leadership & business management experience
Ability to analyze complex problems, interpret operational needs, and develop integrated, creative solutions

Responsibilities

Lead the Financial Lines onshore team based in Dubai
Manage all Underwriting within AHAC, including establishment, implementation, and evaluation of production and profitability goals
Ensure production growth targets are achieved and provide leadership to take remedial action for shortfalls
Establish/execute strategic business plans to achieve profitable growth in line with Profit Centre & country targets
Manage the portfolio for profitable and sustainable growth, closely following claims activity trends
Review, analyze, and underwrite risks within underwriting authority
Keep abreast of market changes and trends; provide strategic direction for new business/new product development

Skills

Underwriting

Financial Lines

Risk Analysis

Portfolio Management

Leadership

Strategic Planning

Business Development

Claims Analysis

Market Trends

Product Development

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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