Regional Production Specialist, Excess & Surplus Lines at AIG

Los Angeles, California, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, HealthcareIndustries

Requirements

4+ years’ experience within the Healthcare arena focusing on Hospitals and Allied Health
Bachelor's Degree
Highly reliable and possess individual characteristics of a leader
Knowledge of specialized Healthcare forms, wordings, and program structures (i.e., loss sensitive including self-insured and deductible programs)
Strong interpersonal skills with emphasis on collaboration and working well with others
Strong relationships with retail and wholesale brokerage community
Knowledge of the market, portfolio management, acquisition, and distribution
Ability to maintain “audit ready” underwriting files on a timely basis
Ability to work in a fast-paced environment making quick decisions while adhering to a sound underwriting discipline
Ability and willingness to be highly visible in the marketplace and travel as necessary
Outcome focused, self-motivated, dependable, flexible, and enthusiastic
Proficient working knowledge of Excel, Pivot Tables and Outlook

Responsibilities

Produce, underwrite, manage and service a profitable book of business
Utilize underwriter authority in accordance with the published underwriting guidelines
Handle a portfolio of renewal and new business including accounts made up of complex risks
Seek out and secure new and profitable business
Manage and develop effective producer and client relationships throughout assigned territory
Coordinate strategy and work collaboratively with other aligned business functions including claims, actuarial, and consulting
Work alongside Distribution Partners (Business Development Managers and/or Client Directors) to effectively maximize our distribution partner network
Effectively negotiate and secure policy terms that align with the company directives, especially utilizing new product and service offerings to bring value to the client
Develop and manage underwriting strategies for both renewals and prospects within portfolio of accounts, including knowledge of the current penetration by product, and specific plans to increase company share
Provide direction and support to junior underwriters on new and renewal business
Proactively foster and develop positive relationships with key customers
Make internal and external presentations as necessary
Coach, train and develop junior staff (if required) to their fullest potential

Skills

Underwriting

Medical Malpractice

General Liability

Primary Insurance

Umbrella Insurance

Excess Lines

Risk Management

Sales

Marketing

Producer Relationships

Client Management

Policy Negotiation

Book of Business Management

Claims Coordination

Actuarial Collaboration

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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