Senior Underwriter, Political Violence at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Detailed knowledge of Political Violence products
Bachelor's Degree preferred
Demonstrated technical knowledge and skills, including product and industry
Advanced analytical, negotiation and sales/marketing skills
Excellent written and oral communication skills
Ability to develop and understand business processes, strategy and planning
Ability to build and maintain insured and broker relationships

Responsibilities

Comply with the terms of personal underwriting authority
Work with the Head of Political Violence in managing the achievement of the business plan, including identifying material deviations
Implement marketing plans, including opportunities for cross-selling and developing new products
Assist in the reinsurance purchasing strategy for Political Violence
Ensure that the Political Violence Underwriting Guidelines are reviewed and updated at least annually
Ensure underwriters with Political Violence authority underwrite in accordance with personal underwriting authority
Ensure that Political Violence business is conducted, processed and administered in accordance with the prevailing applicable policies, procedures and agreed service levels
Manage performance of direct reports and embedded UTS resource
Report to the relevant Talbot management committees, IMC and Star Chamber in particular
Facilitate career development and progression of Political Violence team members
Act in accordance with all regulatory standards and principles at all times
Provide information and assistance as needed to ensure that other syndicate staff can carry out their responsibilities

Skills

Key technologies and capabilities for this role

UnderwritingPolitical ViolenceTerrorism InsuranceReinsuranceRisk ManagementBusiness PlanningMarketingCross-SellingLloyd’s MarketInsurance Guidelines

Questions & Answers

Common questions about this position

What qualifications are required for the Senior Underwriter, Political Violence role?

A Bachelor's Degree is preferred, along with detailed knowledge of Political Violence products, demonstrated technical knowledge and skills in product and industry, and advanced analytical, negotiation, and sales/marketing skills.

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

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What does the team structure look like for this position?

The role involves managing performance of direct reports and embedded UTS resource, working with the Head of Political Violence, and facilitating career development for Political Violence team members.

What experience makes a candidate stand out for this underwriting role?

Candidates with detailed knowledge of Political Violence products, advanced analytical, negotiation, and sales/marketing skills, plus experience managing teams and implementing business plans will stand out.

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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