Production Specialist, Excess & Surplus Lines at AIG

Parsippany, New Jersey, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Underwriting, Excess & Surplus LinesIndustries

Requirements

Technical underwriting skills including ability to analyze exposures and develop adequate pricing on new and renewal accounts
Ability to communicate well verbally and in writing with agents, internal staff, and management
Able to travel independently on company’s behalf to market products and services
Ability to collaborate with others and thrive within a team environment
College degree preferred
Minimum two years college acceptable with significant industry experience
Industry education (e.g., CPCU, ASLI, RPLU, or similar courses) preferred

Responsibilities

Market and underwrite for acceptable business in accordance with established, written underwriting guidelines
Independently select, monitor, and price new and renewal business according to Company guidelines per Underwriter’s level of authority as outlined in individual “Authority Letter”
Market products and services and travel accompanied to assigned agents as required
Communicate with agents regarding rating, underwriting and policy issuance issues
Assist in the training of support staff within the team as well as within the Department
Assist with special projects in the Department as needed
Represent the company in a professional manner at industry functions, conventions, and corporate events

Skills

Underwriting

Risk Analysis

Pricing

Market Analysis

Agent Communication

Policy Issuance

Travel

Team Collaboration

Training

Exposure 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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