Senior Underwriter, SEMM and US L&H, Retail Casualty 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

InsuranceIndustries

Requirements

Minimum 3+ years of Commercial Insurance Company, Agency, or Brokerage experience
Bachelor’s degree from a four-year college or university
Proven ability to build and maintain strong professional relationships
Advanced working knowledge of lines of business in a specific NA Casualty line of business including product features, forms, regulatory environments and risks etc. (i.e. Environmental, Excess or Admitted Casualty, NA Auto, WC, AL, GL, DBA, Foreign Casualty)
Demonstrated sales, marketing, and relationship building experience
Very strong verbal and written communication skills
Highly motivated and results oriented
Ability to work in dynamic, rapidly changing environment, adapt 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

Responsibilities

Underwriting Admitted Casualty accounts
Communicate risk appetite and NA Casualty Value Proposition to brokers
Collaborate with Distribution, Territory Managers, and other line(s) of business underwriters to target desirable accounts and cross-selling opportunities from brokers
Rapidly evaluate, prioritize, and select submissions to be underwritten
Recognize and create cross-selling opportunities for other AIG General Insurance products
Work with brokers to understand deal structures, terms, and AIG Services that best meets clients’ needs
Negotiate pricing, terms & conditions, and deal structure with brokers and clients
Participate in special underwriting projects as needed
Develop strong, long-term relationships with brokers and clients to profitably grow a book of business
Collaborating with their manager, develop an individual business plan that is in line with product strategies
Maintaining risk selection in adherence with product guidelines and achieving rate, renewal retention, and new business goals
Provide mentoring and training to less experienced underwriters
Provide superior customer service to brokers and clients

Skills

Key technologies and capabilities for this role

UnderwritingCasualty InsuranceRisk AssessmentBroker NegotiationPricing NegotiationCross-SellingBusiness PlanningMentoringRisk SelectionRenewal Retention

Questions & Answers

Common questions about this position

What experience is required for the Senior Underwriter role?

Candidates need a minimum of 3+ years of Commercial Insurance Company, Agency, or Brokerage experience and a Bachelor’s degree from a four-year college or university.

What key skills are needed to succeed in this position?

Required skills include proven ability to build and maintain strong professional relationships, advanced working knowledge of NA Casualty lines of business, demonstrated sales and marketing experience, very strong verbal and written communication skills, and comfort with analytical tools.

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 makes a strong candidate for this Senior Underwriter position?

A strong candidate is highly motivated, results-oriented, able to work in a dynamic environment, adaptable to changing requirements, collaborative with colleagues, flexible, willing to learn on the job, and maintains a can-do attitude, along with mentoring experience.

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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