Specialty Lines, Marine Senior Underwriter at AIG

Mexico City, Mexico City, Mexico

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Specialty Lines, MarineIndustries

Requirements

Understanding of Marine Insurance and associated risks including fundamentals of loss trends, loss triangles, and ratemaking etc. with a focus on Transportation and Logistic risks
Detail-oriented, possess analytical, critical thinking and problem solving skills, and be able to make decisions based on level of authority
Effective in dynamic environment, adaptable, comfortable with ambiguity, working at pace and prioritizing multiple tasks
Strong communication skills (written and verbal), collaboration, building trust with wide range of colleagues and clients
Financial acumen, appetite for learning about the industry, negotiating skills and a focus on writing profitable business
Minimum 3 years of relevant professional experience; Commercial Insurance Company, Agency or Brokerage experience preferred; Marine Cargo, Contractors Equipment and Marine Liability experience preferred
Bachelor’s degree from a four-year college or university preferred

Responsibilities

Evaluating, prioritizing and selecting submissions to be underwritten
Delivering strategic account reviews and preparing associated file documentation
Adhering to underwriting guidelines and discipline
Assisting management with the implementation of profit center strategic initiatives and providing technical underwriting and marketing support on other projects
Assisting regional manager and product leaders in developing existing and establishing new broker relationships
Collaborating with Distribution, Territory Managers, and other line(s) of business to target business development opportunities
Working with management, brokers, clients, and other partners on deal structure, contract terms and conditions on a portfolio of more complex risks
Representing AIG at client and broker functions
Contributing to the development of less experienced staff
Participating in special underwriting projects as needed
Providing superior customer service to brokers and clients (internal & external)

Skills

Marine Underwriting

Cargo Insurance

Liability Insurance

Contractors Equipment Insurance

Risk Evaluation

Account Reviews

Underwriting Guidelines

Broker Relationships

Business Development

Deal Structuring

Contract Terms

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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