Underwriter, Construction at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ConstructionIndustries

Requirements

Construction experience in underwriting or technical support role, preferably at a large international insurance company
Ideally, a degree in engineering/construction, economics, law or other appropriate discipline
Proven ability to build and maintain strong professional relationships
Very strong organisational and interpersonal skills
Highly motivated and results-orientated
Able to work in a 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 EAR business
Evaluate and communicate risk appetite and EAR Value Proposition to brokers
Collaborate with Distribution and other line of business underwriters to target desirable accounts and cross-selling opportunities from brokers
Rapidly evaluate, prioritize, and select EAR submissions to be underwritten
Review, evaluate and make recommendations to change underwriting guidelines or process
Participate in special underwriting projects as needed
Develop strong, long-term relationships with brokers and clients providing superior service to establish mutually beneficial partnerships to profitably grow the EAR book of business
Keep abreast of market developments to influence AIG strategy
Develop a thorough understanding of EAR policy forms/contracts and engage with in-house legal team and outside counsel as necessary

Skills

Underwriting

EAR Insurance

Construction Insurance

Risk Evaluation

Broker Relationships

Policy Forms

Cross Selling

Market 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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