Senior Underwriter, Excess & Surplus Lines at AIG

Boston, Massachusetts, United States

AIG Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Excess & Surplus LinesIndustries

Requirements

  • An undergraduate degree
  • Minimum 5 years of Commercial Insurance Company, Agency or Brokerage experience
  • Proven ability to build and maintain strong professional relationships
  • Working knowledge of US Casualty lines of business including product features, forms, regulatory environments and risks etc., knowledge of underwriting construction business would be beneficial
  • Demonstrated sales, marketing, and relationship building experience, ideally with the Wholesale marketplace
  • Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions
  • Willingness to be flexible, learn on the job, and maintain a can-do attitude
  • Comfort with analytical tools and technology
  • Primarily in-office work

Responsibilities

  • Independently select, monitor, and price new and renewal business according to Company guidelines per Underwriter’s level of authority as outlined in individual “Authority Letter”
  • Market our products and services and travel accompanied to assigned agents as required
  • Communicate with agents regarding rating, underwriting and policy issuance issues
  • Assist in the training of support staff within the team as well as within the Department
  • Assist, implement, or coordinate special projects and timetables such as revised forms, new coverages/classes, research, and Underwriting Guide revisions
  • Assist in planning, coordinating, and implementing in-house education training or other company functions
  • Represent the company in a professional manner at industry functions, conventions, and corporate events
  • Demonstrate leadership capabilities within the department
  • Market and underwrite for acceptable business in accordance with established, written underwriting guidelines

Skills

Key technologies and capabilities for this role

UnderwritingCommercial InsuranceCasualty LinesUS Insurance RegulationsSalesMarketingRelationship BuildingAnalytical ToolsConstruction Insurance

Questions & Answers

Common questions about this position

Is this a remote position or does it require office work?

The role requires team members to be primarily in the office to support in-person collaboration, which is a vital part of AIG's culture.

What experience is required for this Senior Underwriter role?

Candidates need a minimum of 5 years of experience in a Commercial Insurance Company, Agency, or Brokerage, along with an undergraduate degree.

What key skills are they looking for in candidates?

The role requires proven ability to build and maintain strong professional relationships, working knowledge of US Casualty lines including underwriting construction business, demonstrated sales and marketing experience ideally in the Wholesale marketplace, and comfort with analytical tools and technology.

What is the company culture like at AIG?

AIG values in-person collaboration as vital to its culture, creating a supportive and connected environment, and emphasizes professional development through its Total Rewards Program.

What benefits does AIG offer?

AIG provides a Total Rewards Program, a comprehensive benefits package focused on health, wellbeing, financial security, and professional development for employees and their families.

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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