AIG

Senior Underwriter, Casualty

Makati, Metro Manila, Philippines

$60,000 – $90,000Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

Candidates should possess a Bachelor’s degree in a relevant field, along with a minimum of 7 years of experience in underwriting, preferably within casualty insurance. Strong analytical and risk assessment skills are essential, as is the ability to build and maintain relationships with brokers and clients. Demonstrated knowledge of insurance principles and practices is also required.

Responsibilities

As a Senior Underwriter, Casualty, you will be responsible for underwriting new and renewal business, negotiating pricing and terms & conditions with brokers and clients, and collaborating with AIG Distribution and territory managers to target desirable accounts and cross-selling opportunities. You will also provide guidance, mentoring, and training to less-experienced underwriters, support growth and profitability objectives, contribute to planning, adhere to underwriting procedures and compliance protocols, and assist with account targeting strategy and product development initiatives. Furthermore, you will conduct training to intermediaries and other stakeholders, assist on preparing reports, and handle ad-hoc special projects as needed.

Skills

Underwriting
Casualty
Risk Assessment
Broker Relations
Negotiation
Pricing
Risk Management
Client Service
Mentoring
Training

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.

Key Metrics

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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