Senior Regional Production Specialist, Lexington Healthcare at AIG

Chicago, Illinois, United States

AIG Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, HealthcareIndustries

Requirements

  • Minimum 8 years’ experience within the Healthcare arena
  • Bachelor’s Degree
  • Knowledge of specialized Healthcare forms, wordings, and program structures (e.g., loss sensitive including self-insured and deductible programs)
  • Knowledge of Medical Groups is a plus
  • Strong interpersonal skills with emphasis on collaboration
  • 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 and make quick decisions
  • Ability and willingness to be highly visible in the marketplace and travel as necessary

Responsibilities

  • Produce, underwrite, manage, and service a profitable book of miscellaneous medical facilities and allied healthcare business
  • Utilize underwriter authority in accordance with published underwriting guidelines
  • Handle renewal and new business, including accounts with complex risks
  • Seek out and secure new and profitable business
  • Manage and develop effective broker and client relationships throughout assigned territory
  • Coordinate strategy and work collaboratively with other aligned business functions (claims, actuarial, and consulting)
  • Work alongside Distribution Partners (Business Development Managers and/or Client Directors) to maximize the distribution partner network
  • Effectively negotiate and secure policy terms that align with company directives, utilizing new product and service offerings
  • Develop and manage underwriting strategies for both renewals and prospects
  • Provide direction and support to junior underwriters
  • Proactively foster and develop positive relationships with key customers

Skills

Underwriting
Healthcare Insurance
Portfolio Management
Risk Management
Loss Sensitive Programs
Self-Insured Programs
Deductible Programs
Broker Relationships
Market Knowledge
Audit Ready Files

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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