Regional Group Underwriting Manager, Accident & Health at AIG

Mexico City, Mexico City, Mexico

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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

Expertise in underwriting authorities, rating, wordings, file documentation, renewal underwriting, and product development processes
Ability to perform portfolio analysis, control business segmentation into Product P&Ls, and monitor business retention
Proficiency in conducting audits for compliance and correctness every 18-24 months, including peer reviews
Skills in reviewing and approving product development, including new products or major changes, in coordination with Regional Actuarial and Legal
Experience in case underwriting for large/unusual opportunities (Group Business, Business Travel, VEB, Specialty Markets)
Capability to deliver training to underwriters at levels matching their authority and track trainee progress
Knowledge of Third Party Administrators (TPA) evaluation processes, requiring UW Regional Office, Regional Legal, and New Jersey sign-offs
Strong inter-departmental coordination skills with Operations & Systems, Legal, Claims, and Controller/Financial Departments
Ability to provide performance appraisals and comments on subordinates' technical ability against established criteria
Willingness to work primarily in the office for in-person collaboration

Responsibilities

Maintain Loss Ratio at or below agreed upon levels
Perform portfolio analysis, control and segment business into Product P&Ls, and monitor business retention
Conduct auditing for compliance, correctness, use of delegated underwriting authorities, rating, wordings, file documentation, renewal underwriting, product development, and peer reviews every 18-24 months; prepare written reports for UW Regional Office review
Review and approve product development work or perform it directly; ensure all new products/major changes are approved by Regional Underwriting Manager, Actuarial, and Legal as required, following the Product Development process
Review/approve quotes on large and/or unusual market opportunities (Group Business, Business Travel, VEB, Specialty Markets)
Ensure proper training for those with underwriting authority and track trainees' progress toward obtaining authority
Assist A&H Manager with general SBU issues, important client relationships, and key production issues
Ensure appropriate evaluation of Third Party Administrators (TPA); prepare cases for UW Regional Office approval; secure Regional Legal approval for TPA agreements and New Jersey sign-offs as necessary
Act as inter-departmental liaison to coordinate with Operations & Systems, Legal, Claims, and Controller/Financial Departments on underwriting and business activities
Periodically provide performance appraisals on subordinates' technical ability and performance against established criteria

Skills

Underwriting

Loss Ratio Management

Portfolio Analysis

Auditing

Product Development

Risk Assessment

Training

Compliance

TPA Evaluation

Inter-departmental Coordination

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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