d) at AIG

Frankfurt, Hessen, Germany

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Successfully completed business administration degree or equivalent education and training
Several years of professional experience as a Commercial Property Underwriter at an international insurance company, including experience in developing policy wordings and customized solutions
High degree of self-motivation, resilience (especially under stress and deadline pressure), assertiveness, and good self-organization
Willingness to cooperate in a team of underwriters and underwriting account technicians, including developing and training junior staff
Entrepreneurial thinking and ability to work in a profit- and cost-oriented manner
Convincing market presence and communication skills (including relationship building), as well as clear and precise expression
Sensitivity in dialogue and interaction with customers and brokers
Good English skills
Openness to innovations and ability to think 'outside the box', paired with a convincing can-do mentality
Willingness for regular travel (up to 25%)

Responsibilities

Assessment of company risks in the industrial customer sector (Commercial Property)
Individual premium calculation and creation of tailored offers for national and multinational companies, including negotiations with brokers and customers, and subsequent signing of national business and multinational insurance programs
Compliance with internal regulations, standards, authorities, and signing guidelines to achieve satisfactory ratings in all underwriting quality checks
Deal making: Structuring programs, identifying facultative reinsurance needs, and placing facultative reinsurance in accordance with internal guidelines
Marketing and signing of terror and political violence risks in collaboration with the AIG Terrorism/Political Violence Center of Excellence
Targeting and signing new business in close collaboration with brokers and client engagement
Development and introduction of tailored and innovative coverage and service concepts as a differentiator from competitors
Commissioning and participation in inspections, as well as evaluation of technical reports and risk analyses in close collaboration with the Risk Engineering department
Analysis of competitors' and brokers' policy wordings, including participation in their negotiation
Analysis of major losses in Commercial Property and coverage issues, and creation of resulting "lessons learned"
Use of underwriting tools, including regular exchange between Property department and actuarial

Skills

Underwriting

Commercial Property

Risk Assessment

Premium Calculation

Reinsurance

Broker Negotiations

Client Engagement

Insurance Program Structuring

Terrorism Insurance

Political Violence Risks

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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