Underwriter, AIGRM at AIG

Houston, Texas, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), 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

Responsibilities

Underwrite and service an existing renewal book and assist other team members
Interact with brokerage community to ensure proper servicing of renewals and solicit new business opportunities
Analyze and evaluate risk; accept, reject, or modify risk and coverage conditions within delegated authority and underwriting guidelines to achieve profitability objectives
Underwrite complex standard and non-standard products, new and renewals, including Workers’ Compensation, General Liability, and Auto Liability primary Casualty product lines
Determine pricing modifications based on loss experience and evaluate complex exposures
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 pursue them
Review difficult accounts to ensure accurate and timely issuance
Assist in training and development of Associate Underwriters and Underwriting Analysts while providing mentorship
Explain rationale behind underwriting decisions
Generate new business and provide underwriting guidance and appropriate rates for alternate plans at 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 AIGRM product expert and identify cross-selling opportunities
Perform special requests for clients, such as business plan changes or analyzing new agreements

Skills

Key technologies and capabilities for this role

UnderwritingRisk EvaluationWorkers CompensationGeneral LiabilityAuto LiabilityCasualty InsurancePricing AnalysisLoss ExperienceBroker Relations

Questions & Answers

Common questions about this position

What are the main responsibilities of the Underwriter role?

The role involves underwriting and servicing renewal books for Workers’ Compensation, General Liability, and Auto Liability, analyzing risks, communicating with brokers, generating new business, and mentoring junior staff.

What skills or experience are required for this Underwriter position?

Candidates need experience underwriting complex standard and non-standard products, evaluating complex exposures, pricing based on loss experience, and knowledge of General Liability, Auto Liability, and Workers Compensation.

Is this Underwriter position remote or office-based?

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 does AIG's company culture look like for this team?

AIG emphasizes strong client retention, impeccable service, creative solutions using technology, growth opportunities, and a collaborative team environment with mentorship and constant interaction with brokers.

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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