Senior Underwriter, Professional Liability/Cyber, Financial Lines at AIG

Los Angeles, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

4+ years of proven underwriting experience, with strong knowledge of the US Financial Lines business (primarily E&O and Cyber) including product features, forms, regulatory environment and risks
The ability to analyze financial statements
Strong communication, networking and relationship building skills
Good organizational and time management skills
Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable
An interest in mentoring and training (even if not held previously)

Responsibilities

Drive profitable growth in Financial Lines by working on creative solutions for complex risks
Underwrite a range of new and renewal business
Work closely with brokers to communicate risk appetite and value proposition, and understand deal structures, terms and products that best meet clients’ needs
Negotiate pricing, terms & conditions, and deal structure with brokers and clients
Generate new business by expanding broker network, attending broker events, and building new relationships across the market
Collaborate with AIG Distribution, territory managers, and underwriters in other business lines to target desirable accounts and cross-selling opportunities
Set a high standard of customer service to brokers and clients, providing an example for junior colleagues
Provide guidance, mentoring and training to less-experienced underwriters, and support them in building their broker network

Skills

Key technologies and capabilities for this role

UnderwritingProfessional LiabilityCyber InsuranceFinancial LinesRisk ManagementBroker RelationshipsPricing NegotiationDeal StructuringNew Business DevelopmentCross-SellingMentoringUS Financial Lines

Questions & Answers

Common questions about this position

What is the salary range for this Senior Underwriter position?

For positions based in Los Angeles, the base salary range is $106,000 - $133,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

Is this role remote or office-based?

AIG values in-person collaboration as a vital part of its culture, so team members are asked to be primarily in the office.

What skills and experience are required for this role?

Candidates need 4+ years of proven underwriting experience with strong knowledge of US Financial Lines (primarily E&O and Cyber), ability to analyze financial statements, strong communication, networking and relationship building skills, good organizational and time management skills, and customer/sales-oriented behaviors.

What is the company culture like at AIG for this role?

AIG values in-person collaboration as a vital part of its culture and empowers colleagues to grow as insurance professionals while unlocking their full potential.

What makes a strong candidate for this Senior Underwriter position?

A strong candidate has 4+ years of underwriting experience in US Financial Lines (E&O and Cyber), excels in relationship building and broker networking, demonstrates customer-oriented behaviors, and shows interest in mentoring junior colleagues.

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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