Property UW- FAC Reinsurance, GCC & NA at AIG

Dubai, Dubai, United Arab Emirates

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

University Degree / CII diploma (preferred)
Experience in CP (Commercial Property) underwriting and insurance industry knowledge
Extensive underwriting market knowledge
Effective analytical skills
Strong interpersonal and communication skills, both written and verbal
Negotiation skills and the ability to influence others
Extensive underwriting experience in direct insurance and reinsurance markets
Strong underwriting skills with high expertise in risk evaluation and pricing
Strong marketing and relationship skills balanced with profit-oriented goals
Well-established contacts with clients and business producers
Confident decision-making skills
Problem-solving skills and a logical approach to work
Self-motivation
Sound judgement
Ability to work to tight deadlines
Team player
Customer service skills

Responsibilities

Manage existing renewal portfolio and secure new business accounts, including regular market visits to ensure good submission flow
Achieve budgeted top line production and bottom line results, ensuring target growth, profitability, and account retention through sound daily underwriting decisions
Educate local business community on property products via presentations and seminars for clients
Maintain awareness of legal and regulatory environment to ensure underwriting compliance; complete all mandatory AIG training courses and stay updated on regulatory developments
Report on budget metrics and prepare forecasts for future periods; keep accurate track of production and performance parameters
Stay up-to-date on market changes and trends; develop strong personal and professional relationships with clients and brokers through regular market/producer meetings and attending industry events/seminars
Conduct portfolio analysis
Contribute to the development of expertise and knowledge of team members, especially new and junior underwriters from different regions
Participate actively in maintaining good team spirit and motivated staff
Handle facultative reinsurance placement as applicable and when needed
Liaise with Accounting and Claims departments by providing required information and participating in relevant meetings
Take active part in presentations, seminars, and internal technical trainings
Conduct regular engineering surveys with risk engineers, focusing on large/complex and medium/high hazard risks

Skills

Property Underwriting

Reinsurance

Portfolio Management

Risk Assessment

Client Relationship Management

Facultative Reinsurance

Regulatory Compliance

Market Analysis

Budget Forecasting

Team Mentoring

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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