Regional Policy Wording Lead - Specialty Lines at AIG

Jersey City, New Jersey, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Minimum of 3 years of policy language analysis and drafting experience, preferably in Energy, or alternatively, two years of drafting experience and three years of Energy underwriting experience
Ability to break down difficult concepts in order to provide clear and succinct explanations to underwriters and other stakeholders (Written and Oral Communication)
Experience with Energy, Construction and/or Inland Marine markets and policy forms; experience and knowledge of both admitted and surplus lines markets a plus (Knowledge)
Proficiency in both working independently and collaborating with others in a team environment across multiple disciplines (Flexibility)
Able to manage time effectively, capable of prioritizing projects and responding promptly in an appropriate manner (Prioritizing and Time Management)
Ability to anticipate client (internal and external) needs and act proactively (Client Service)
Identify problems and deliver appropriate solutions (Problem Solving)
Demonstrate attention to detail, and maintain accurate documentation (Attention to Detail)

Responsibilities

Drive coverage certainty by establishing policy wording guidelines and counseling underwriters on best practices
Provide counseling and technical guidance to underwriters on policy language
Review competitor forms and make recommendations to the product line managers on acceptability of those forms and required endorsements
Draft manuscript endorsements to AIG’s standard policy forms, and create bespoke endorsements for third party policy forms to address client-specific exposures and align with underwriting intent
Work with Underwriting, Claims and Legal in drafting new policy forms and endorsements
Support the product line managers in maintaining and updating manuscript policy checklists to ensure that policy reviews match AIG’s underwriting intent
Develop training to help underwriters better understand the importance of policy wording
Contribute to communications to provide underwriters with direction and insight on policy wording and usage
Support the development and implementation of the Global Policy Forms Library and Digital Workflow
Reviewing, analyzing and providing guidance to underwriters on Energy, Construction and Inland Marine policy language, and drafting endorsements to ensure that the wording is clear and unambiguous, complies with AIG’s policy wording standards and reflects underwriting intent
Support the Global Commercial Property Policy Wording team as needed
Partner with Legal, Claims, Compliance and Regulatory to ensure that policy language meets AIG requirements
Responding to underwriter questions, coaching them on policy wording best practices and developing and delivering policy wording training

Skills

policy wording

endorsement drafting

underwriting guidance

Energy insurance

Construction insurance

Inland Marine

Legal review

Claims support

Compliance

Regulatory affairs

policy training

coaching

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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