Senior Executive Underwriter, AIGRM at AIG

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Expertise in underwriting highly technical complex assignments, particularly in Workers’ Compensation, General Liability, and Auto Liability primary Casualty product lines
Ability to supervise a group of Senior and Associate Underwriters, including designing and monitoring work, developing underwriting/marketing skills, and ensuring adherence to guidelines
Capability to provide technical direction to management, less senior specialists, producers, and claims adjusting personnel
Experience accepting, declining, or modifying new and renewal submissions from brokers
Proficiency in identifying exposures, conducting analysis for underwriting accounts, understanding coverage policies, and determining exposures to loss based on insuring agreements and exclusions
Skills in managing a book of business, participating in budget formulation, establishing new business production goals, and managing submission flow

Responsibilities

Supervise a group of Senior and Associate Underwriters, including designing/monitoring work, skill development, and guideline adherence
Underwrite Workers’ Compensation, General Liability, and Auto Liability primary Casualty product lines
Accept, decline, or modify new and renewal submissions from brokers
Identify exposures and analysis required to underwrite accounts, coverage policies, and loss exposures restricted by insuring agreements/exclusions
Manage a book of business and participate in regional budget/goal formulation
Establish new business production goals and submission flow for the book of business
Collaborate with Distribution, Territory Managers, and other underwriters to target desirable accounts, cross-sell opportunities, and solicit input for service improvements
Develop and implement pricing, negotiation strategy, terms & conditions, and deal structures with brokers/clients while maintaining risk quality and AIGRM strategy
Review, evaluate, and recommend modifications to underwriting guidelines
Build strong, long-term relationships with brokers and clients to profitably grow the book of business
Provide superior customer service to brokers and clients
Draft manuscript endorsements particular to underwriting exposures for legal approval
Assign and manage work of a team of underwriters while providing guidance
Drive a culture of 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

Risk Analysis

Book of Business Management

Underwriting Guidelines

Broker Submissions

Team Supervision

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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