Underwriter, Casualty & Environmental at AIG

Toronto, Ontario, Canada

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s degree from a college or university, preferred
Proven ability to build and maintain strong professional relationships
Experience with pollution liability, general liability, environmental exposures, or mining risks is a strong asset
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
Excellent organizational and time management skills
Comfort with analytical tools and technology
A desire to stay up to date with industry, legal & regulatory trends

Responsibilities

Evaluate, prioritize and underwrite casualty submissions within delegated authority
Analyze claims data and quantify loss trends to support pricing decisions
Communicate risk appetite and casualty value proposition to brokers
Collaborate with distribution and other line(s) of business underwriters to target desirable accounts and cross selling opportunities from brokers
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
Develop strong, long-term relationships with brokers and clients to profitably grow a book of business
Responsible for maintaining risk selection in adherence with product guidelines and for achieving rate, renewal retention and new business goals
Ensuring all files are well documented and comply with corporate standards
Recognize and create cross-selling opportunities for other AIG General Insurance products
Provide superior customer service to brokers and clients
May require occasional travel to support broker and client relationship
Work with center of excellence and/or shared services on policy administration

Skills

Casualty Underwriting

Environmental Underwriting

Risk Assessment

Claims Analysis

Loss Trend Analysis

Pricing Decisions

Broker Negotiation

Risk Appetite Communication

Deal Structuring

Cross-Selling

Relationship Management

Underwriting Guidelines

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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