Senior Underwriter, Property at AIG

Hong Kong

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property CasualtyIndustries

Requirements

Experience working in a Commercial Insurance Company, Agency, or Brokerage
Proven ability to build and maintain strong professional relationships
Understanding of Commercial Lines products with a focus on Commercial Property
Strong attention to detail, particularly when adhering to underwriting guidelines
Ability to execute detailed underwriting referrals, including clear rationale
Demonstrated sales, marketing, and relationship building experience
Strong verbal and written communication skills
Ability to work in a dynamic, rapidly changing environment
Willingness to be flexible, learn on the job, and maintain a can-do attitude
Competent with analytical tools and technology
Solid presentation skills with an ability to articulate ideas clearly
Understanding around technical pricing, including rating methodology
Clear understanding of local Commercial Insurance market conditions

Responsibilities

Accepts, declines, or modifies new and renewal submissions submitted by brokers
Identifies exposures and analysis required to underwrite an account, whilst maintaining an understanding of the policy coverage
Develops a pipeline of new business opportunities, establish production goals and submission flow relative to the book of business
Collaborate with Distribution, and other line(s) of business to target desirable accounts and cross selling opportunities
Strong focus on maintaining Underwriting discipline, policy administration, while adhering to AIG International Property’s Underwriting strategy
Participate in special underwriting projects as needed
Develop strong, long-term relationships with brokers and clients to profitably grow a book of business
Support the growth of the Hong Kong Commercial Property portfolio

Skills

Property Underwriting

Risk Analysis

Commercial Property Insurance

Broker Management

Portfolio Growth

Exposure Identification

Account Underwriting

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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