Senior Underwriter, Commercial Property at AIG

London, England, United Kingdom

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s Degree or equivalent (preferred); ACII is an advantage
Extensive property underwriting experience and strong technical insurance knowledge; experience underwriting Public Sector accounts is an advantage
Understanding of facultative reinsurance
Extensive broker relationships across London & SE
Proven ability to lead client and broker negotiations
Strong ability to understand and construct complex policy wordings
Excellent interpersonal and written communication skills, including delivery of presentations to all levels of stakeholders (claims, distribution, brokers, clients)
Appreciation and understanding of legal/regulatory requirements
Proven ability to build relationships with brokers and clients
Highly numerate and competent in IT packages, including Microsoft Office and advanced skills in Microsoft Excel
Ability to prioritise workload and use own initiative for internal and external issues

Responsibilities

Contribute to the strategic development of the Retail Property portfolio (Upper Middle Market and Local Authority clients)
Develop and lead broker relationships to establish accretive pipelines and opportunities for cross-selling across the AIG network
Work cross-functionally with other areas in AIG to achieve corporate objectives
Work within agreed decision-making standards, limitations, authorities, and underwriting guidelines
Collaborate in a team environment, assisting underwriters and underwriting assistants, including development and training of junior staff
Achieve satisfactory ratings on all underwriting quality reviews
Leverage reinsurance to support business strategy
Ensure all corporate service standards are maintained for brokers and internal colleagues
Provide a superior experience for broker and client relationships, taking ownership of relationship management throughout the insurance product life cycle
Identify and develop client-focused products and strategies
Support a culture of continuous improvement, including improving processes for efficiency and encouraging initiative and responsibility

Skills

Underwriting

Commercial Property

Risk Management

Broker Relationships

Portfolio Development

Reinsurance

Client Management

Cross Selling

Training

Decision Making

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.

Land your dream remote job 3x faster with AI

Try Jobo Free