Senior Reinsurance Analyst at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Reinsurance, Lloyd's MarketIndustries

Requirements

Strong reinsurance technical knowledge
Data analysis and interpretation skills
Strong communication skills
Ability to manage a large workload to tight deadlines
A good level of experience in Reinsurance
Experience within the Lloyd’s market
Knowledge of LORS, Insurance Portal and other Lloyd's market systems
Knowledge of Microsoft Office (i.e. Excel and Word)
Knowledge of Reinsurance contract types and use

Responsibilities

Support Reinsurance Operations Manager in data gathering and pack building process for Reinsurance placements
Manage the claims booking process
Manage the reinsurance facultative process
Operate and process the reinsurance claim areas involvement in the month end process
Operate and produce large loss Ultimate recoveries to the relevant RI programme for the reserving process
Ensure accurate and timely advising of losses to reinsurers
Monitor reinsurance collections to ensure prompt settlement

Skills

Reinsurance Operations

Data Analysis

Data Gathering

Claims Booking

Reinsurance Facultative

Month End Process

Large Loss Recoveries

Reserving Process

Loss Advising

Reinsurance Collections

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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