Underwriter - FAC Reinsurance GCC & North Africa at AIG

Dubai, Dubai, United Arab Emirates

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Graduate level degree in business, law, economics or insurance
Cyber Underwriting experience
Training: Financial Lines University, CII & CISSP
Knowledge: Local Market (Direct & RI), Cyber Security foundational understanding
Key Competencies: Dealing with ambiguity, Customer focus, Negotiating, Drive for results, Presentation skills, Business acumen, Problem solving

Responsibilities

Underwrite business within underwriting authority through rigorous risk assessment (loss control, claims history, risk management factors)
Apply risk logging, worksheets, and rater tools
Provide technical underwriting guidance to junior underwriters
Ensure adherence to underwriting guidelines, ART, and referrals
Perform and interpret financial analysis of companies
Manage portfolio, including renewals of Cyber & Tech PI portfolio to meet budgeted retention
Cooperate with Sales & Marketing for market relationships, new business, and retention
Assist with refinement of product offerings for client segments
Keep abreast of market changes and trends
Proactively engage with distribution for technical support and business development
Seek synergies and participate in cross-sell initiatives
Develop and maintain relationships with clients and brokers
Represent AIG in general and Financial Lines capacity
Adhere to internal SLAs for operational efficiency and customer service
Ensure adherence to audit, regulatory, and compliance requirements
Manage expenses within budget and reduce expense ratio through efficiencies

Skills

Key technologies and capabilities for this role

Cyber UnderwritingReinsuranceFinancial LinesRisk AssessmentFinancial AnalysisPortfolio ManagementBroker Relationship ManagementBusiness DevelopmentUnderwriting GuidelinesCIICISSPCyber Security

Questions & Answers

Common questions about this position

What education is required for the Underwriter position?

A graduate level degree in business, law, economics or insurance is required.

What experience is needed for this role?

Cyber Underwriting experience is required, along with knowledge of the local market (Direct & RI) and a foundational understanding of Cyber Security.

Is this a remote position or does it require in-office work?

AIG values in-person collaboration as a vital part of its culture, so the role likely requires office presence.

What key competencies are needed for this underwriter role?

Key competencies include dealing with ambiguity, customer focus, negotiating, drive for results, presentation skills, business acumen, and problem solving.

What does AIG's company culture emphasize?

AIG values in-person collaboration as a vital part of its culture.

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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