Senior Executive Underwriter, AIGRM at AIG

Philadelphia, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Minimum 7+ years of Commercial Insurance Company, Agency or Brokerage experience
Bachelor’s degree from a four-year college or university
Proven ability to build and maintain strong professional relationships
Advanced working knowledge of US Casualty lines of business (Workers’ Compensation, Auto Liability, and General Liability) including product features, forms, regulatory environments and risks
Demonstrated sales, marketing, and relationship building experience
Very strong verbal and written communication skills

Responsibilities

Underwrite and service an existing renewal book of Workers’ Compensation, General Liability, and Auto Liability primary Casualty product lines
Manage accounts/clients of great scope and complexity
Develop new business and industry networking, including conference attendance and business proposals
Communicate risk appetite and AIGRM Value Proposition to brokers
Collaborate with Distribution, Territory Managers, and other lines of business underwriters to target desirable accounts and cross-selling opportunities
Rapidly evaluate, prioritize, and select submissions to be underwritten
Recognize and create cross-selling opportunities for other Commercial products
Work with brokers to understand and negotiate deal structure, terms, and AIG Services that best meet clients’ needs
Review, evaluate, and make recommendations in accordance with underwriting guidelines
Direct or conduct internal underwriting audits
Provide training and assistance to junior underwriters to execute on strategies
Create guidelines and goals for special projects and initiatives and monitor progress
Monitor new and existing regulations and identify changes important for clients
Provide support to underwriting staff and develop solutions to their issues/concerns (systems, guidelines, training, reports, new projects, product amendments)
Review existing process workflows to identify opportunities for improvement
Participate in special underwriting projects as needed
Develop long-term relationships with brokers and clients to profitably grow a book of business
Develop and manage underwriting strategies for renewals and new accounts, ensuring adherence to underwriting guidelines
Provide superior customer service to brokers and clients
Drive a culture that promotes collaboration, innovation, diversity, and inclusion; conduct talent acquisition, employee engagement, and performance monitoring/evaluation; lead by example

Skills

Underwriting

Workers Compensation

General Liability

Auto Liability

Casualty Insurance

Broker Relations

Risk Evaluation

Business Development

Cross Selling

Negotiation

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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