Underwriter, AIGRM at AIG

Houston, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

1+ 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
Working knowledge of US Casualty lines of business (Workers’ Compensation, Auto Liability, and General Liability) including product features, forms, regulatory environments and risks etc
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, adapting 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

Underwrite and service an existing renewal book along with assistance to other team members
Interact constantly with the brokerage community, ensuring renewals are serviced properly and soliciting new business opportunities
Analyze and evaluate risk and accept, reject, or modify risk and coverage conditions within limits of delegated authority and in accordance with established underwriting guidelines to achieve underwriting profitability objectives
Underwrite complex standard and non-standard products, new and renewals
Determine how pricing should be modified based on loss experience and evaluate complex exposures
Underwrite the Workers’ Compensation, General Liability and Auto Liability primary Casualty product lines
Communicate risk appetite and AIGRM Value Proposition to brokers
Evaluate risk and give approval or declination for quotes
Review new distribution opportunities, identify new business relationships, manage pipeline of opportunities and collaborate with region to ensure new opportunities are explored and pursued
Review the more difficult accounts and ensure that they are issued accurately and in a timely fashion
Assist in the training and development of Associate Underwriters and Underwriting Analysts while providing mentorship
Explain the rationale behind the underwriting decisions made on an account
Generate new business and provide underwriting guidance and appropriate rates for alternate plans at time of renewal
Make independent sales calls to market and cross-market products
Refer declined business to other AIG divisions, as appropriate
Identify cross-selling opportunities
Travel to broker/client meetings to serve as the AIGRM product expert and to identify cross selling opportunities
Perform special requests for clients, which may include tasks such as business plan changes, or analyzing new agreements

Skills

Underwriting

Workers Compensation

General Liability

Auto Liability

Risk Analysis

Casualty Insurance

Broker Management

Pricing Analysis

Exposure Evaluation

Renewal Servicing

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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