Senior Underwriter (Excess Petroleum)
Integrated Specialty Coverages, LLCSalary not specified
Full Time
Senior (5 to 8 years), Expert & Leadership (9+ years)
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
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
Is this a remote position or does it require office work?
This is a hybrid role where team members are asked to be primarily in the office to support in-person collaboration, which is a vital part of AIG's culture.
What key skills are required for the Senior Energy Underwriter role?
Candidates need a solid understanding of the Energy industry and insurance products, high proficiency with pricing tools and actuarial techniques, advanced negotiation skills, strong analytical and decision-making skills, and proficiency in Microsoft Office suite.
What is the salary or compensation for this position?
This information is not specified in the job description.
What is the company culture like at AIG for this role?
AIG values in-person collaboration as a vital part of its culture to work together effectively and create a supportive, connected environment for the team and clients.
What makes a strong candidate for this Senior Energy Underwriter position?
Strong candidates will have post-secondary education (engineering degree preferred) or equivalent experience, insurance accreditation, experience with loss control engineering data, and the ability to work independently and in a team.
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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