Underwriter II, Corporate Accounts at AIG

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Minimum of 3 years experience underwriting Primary Casualty business
Experience in underwriting both Loss Sensitive (deductible/SIR) and Guaranteed Cost program structures
Existing relationships with regional brokers handling Primary Casualty/Upper Middle Market business
Strong communication, networking and relationship building skills
Good organizational and time management skills; ability to handle multiple tasks concurrently within a fast-paced, team-oriented working environment
Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable
Strong presentation, negotiation, communication, and business development skills
Strong Analytical and quantitative skills; familiarity with actuarial data and pricing models
Demonstrated ability to generate profitable new business
CPCU, ARM, or other insurance designations are a plus

Responsibilities

Underwrite and price loss sensitive (deductible/SIR) and guaranteed cost business for Workers Compensation, General Liability and Commercial Auto Liability
Assess/analyze the desirability of risk by identifying hazards and exposures for new and renewal business
Provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting
Generate new business by expanding broker network, representing AIG at internal and external meetings/broker events, and building new relationships across the market
Work closely with brokers to communicate risk appetite and value proposition, and to understand deal structures, terms, conditions, and products that best meet clients’ needs
Work collaboratively with home office, distribution, actuary, claims, loss control, premium audit, credit and legal to develop and maintain a profitable portfolio of primary accounts business
Adhere to underwriting rules and guidelines
Collaborate with other product lines to provide full product support to the client
Develop and maintain strong relationships with brokers to ensure a desirable flow of new business and to maintain renewal business
Participate in business travel as required to support client relationships and foster business development

Skills

Key technologies and capabilities for this role

UnderwritingCasualty InsuranceWorkers CompensationGeneral LiabilityCommercial Auto LiabilityRisk AssessmentBroker ManagementPortfolio Management

Questions & Answers

Common questions about this position

What experience is required for the Underwriter II, Corporate Accounts role?

A minimum of 3 years experience underwriting Primary Casualty business is required, along with experience in underwriting both Loss Sensitive (deductible/SIR) and Guaranteed Cost program structures. Existing relationships with regional brokers handling Primary Casualty/Upper Middle Market business are also needed.

What skills are essential for success in this position?

Strong communication, networking, and relationship building skills are key, along with good organizational and time management skills to handle multiple tasks in a fast-paced, team-oriented environment. Customer and sales-oriented behaviors such as being motivated, tenacious, and focused are also essential.

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

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 kind of work environment can I expect at AIG in this role?

The role is in a fast-paced, team-oriented working environment where you will collaborate with home office, distribution, actuary, claims, loss control, premium audit, credit, and legal teams. It emphasizes empowering colleagues to grow as insurance professionals.

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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