Senior Energy Underwriter at AIG

Toronto, Ontario, Canada

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, EnergyIndustries

Requirements

Solid understanding of Energy industry, applicable insurance products, loss trends and engineering issues of specific segments
High level of proficiency with different pricing tools, actuarial techniques, risk selection
Advanced negotiation skills, ability to build, maintain and expand relationship with key broker partners and clients
Experience working with loss control engineering data
Post-secondary education (engineering degree is a plus) OR equivalent industry training and experience. Insurance industry accreditation is desirable
Excellent organizational and interpersonal skills
Ability to work independently to meet deadlines, as well as in a team to accomplish goals
Strong analytical and decision-making skills
Strong working knowledge of the various applications in the Microsoft Office suite (Excel, Outlook, Word, etc.)

Responsibilities

Manage and service an assigned renewal book of Energy portfolio
Produce and underwrite new accounts through brokers Nationally
Coverage analysis of manuscript forms with the ability to tailor them to specific client needs
Pricing analysis using data analytics and modeling tools
Deliver presentations and market to brokers and insureds to effectively communicate AIG’s value proposition
Help achieve set budget targets through organic growth and new business opportunities
Assist with budgeted profitability targets as identified by senior management
Maintain files, execute on strategy, understand and comply with internal guidelines, authority rules and regulations
Be part of the peer review system, provide active feedback on portfolio analysis, market trends both domestically and globally

Skills

Energy Underwriting

Coverage Analysis

Manuscript Forms

Pricing Analysis

Data Analytics

Modeling Tools

Actuarial Techniques

Risk Selection

Negotiation

Broker Relationships

Portfolio Management

Insurance Products

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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