Manager, A&H Facultative Reinsurance at AIG

Singapore

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Extensive experience in Fac RI underwriting and proven success in managing Fac RI business in the A&H space
Strong communication, networking and relationship building skills
Good organizational and time management skills
Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable
Candidates with Group Accident & Health business development/underwriting/product development experience will have added advantage
Resourceful person with strong interpersonal, negotiation, presentation, analytical, attention to detail and multitasking skills
Outgoing person who is a strong team player with results driven focus and customer centric mindset

Responsibilities

Lead and underwrite the Fac RI business - both Group & Individual A&H
Undertake renewal reviews of in-force policies, meeting timelines agreed with the intermediaries and proactive follow-up
Assess the desirability of risk through regular contact with brokers, close co-ordination with subject matter experts and robust reviews of claims history and general company information
Provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting
Generate new business by expanding your broker network, attending broker events, and building new relationships across the market – in line with a sales plan established with your manager
Provide accurate monthly management information including submissions, bind rate, average premium, and total premium
Develop and grow the channel of distribution assigned to achieve both the top and bottom line targets for New Business and Renewal Business. Optimize strike rates and meeting service levels
Collaborate closely with and build excellent business relationships with internal stakeholders and key business partners and intermediaries through regular visitations and engagement
Any other activities and projects assigned by superiors

Skills

Key technologies and capabilities for this role

UnderwritingReinsuranceAccident & HealthFacultative ReinsuranceBroker ManagementRisk AssessmentRenewal ReviewsClaims AnalysisSales PlanningManagement ReportingStakeholder EngagementBusiness Development

Questions & Answers

Common questions about this position

Is this a remote position or does it require office presence?

The role requires team members to be primarily in the office to support in-person collaboration, which is a vital part of AIG's culture.

What salary or compensation does this role offer?

This information is not specified in the job description.

What key skills and experience are required for this position?

Candidates need extensive experience in Facultative Reinsurance (Fac RI) underwriting with proven success in managing A&H business, strong communication, networking, and relationship-building skills, plus good organizational and time management abilities.

What is the company culture like at AIG for this role?

AIG values in-person collaboration as a vital part of its culture and is focused on empowering colleagues to grow as insurance professionals while transforming its operating model.

What makes a candidate stand out for this Manager role?

Candidates with extensive Fac RI underwriting experience in A&H, especially Group Accident & Health business development, stand out, along with strong relationship-building, sales-oriented behaviors, and a customer-centric, results-driven mindset.

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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