Sr. Underwriter - Political Violence at AIG

Miami, Florida, United States

AIG Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, ReinsuranceIndustries

Requirements

  • College or university degree in Business Administration, Political Science, Finance, or Legal
  • Reinsurance courses or certifications are desirable
  • A minimum of 5 years experience interacting in the Latin American insurance or reinsurance industry, preferably in Political Violence

Responsibilities

  • Carry out the underwriting process of risks received through different distribution channels according to corporate guidelines and the Profit Center
  • Support in the generation of key performance indicators, including monitoring of submission flow by distribution channels, effectiveness ratios, analysis of losses/claims behaviors, among others
  • Collaborate in the development of business strategies, development of new products, preparation of budgets
  • Support in the preparation of commercial presentations, newsletters, marketing material, and other initiatives for marketing and distribution
  • Interact with different areas of the Company such as Claims, Legal, Compliance, Actuarial, Finance, and Accounting for the proper development of the operations of the Division
  • Interact and meet the requirements of clients and intermediaries
  • Drive underwriting excellence by ensuring adherence to risk appetite, underwriting and line setting guidelines, technical rating, and pricing adequacy
  • Support Product Leader in driving development and execution of AIG/Talbot underwriting strategy, global underwriting guidelines, and strategy, including monitoring portfolio performance, aggregate exposures, loss ratios, and P&L
  • Serve as the Center of Excellence for all AIG local offices, collaborate with Territory Managers and underwriters to target desirable accounts and identify cross-selling opportunities
  • Prepare key performance indicators, including monitoring of submission flow by distribution channels and analysis of losses/claims behaviors
  • Support in the preparation of presentations to both internal and external stakeholders as the business requires
  • Maintain updated underwriting files based on corporate guidelines
  • Ensure required standards of governance, systems and controls, and regulatory compliance are established and maintained for the division

Skills

Underwriting
Political Violence Insurance
Cyber Insurance
Reinsurance
Facultative Underwriting
Risk Management
Portfolio Management
KPI Analysis

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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