Underwriter II, Private Non-Profit, Financial Lines 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

Insurance, Financial ServicesIndustries

Requirements

2+ years of relevant professional experience. Commercial Insurance Company, Agency or Brokerage experience preferred
Bachelor’s degree from a four-year college or university
Demonstrated sales, marketing, and relationship building experience
Working knowledge of the US Financial Lines business (D&O, EPL, PTL, Cyber, Fidelity) including product features, forms, regulatory environment and risks etc
Strong verbal and written communication skills
Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions, especially regarding technical aspects
Comfort with [incomplete in JD, but implied adaptability]

Responsibilities

Evaluating, prioritizing and selecting submissions to be underwritten
Demonstrating technical underwriting skills through strategic, thorough account reviews and file documentation
Exercising judgment, negotiating and making sound business decisions effectively based on level of authority
Adhering to guidelines and underwriting discipline to minimize exposure and appropriately price risks
Working with management, brokers, clients, and outside counsel on contract terms and conditions on a portfolio of mainstream and complex risks
Participating in various underwriting and marketing initiatives to improve company results and drive portfolio strategies
Identifying opportunities for growth within new and existing production sources
Working with management to develop unique local broker strategies for assigned brokers to drive profitable results in line with product objectives
Ensuring our marketing initiatives are achieved and that consistent communication of our risk appetite and value proposition are provided to our brokers and clients
Representing AIG at client and broker functions with supervision as necessary/appropriate
Providing superior customer service to brokers and clients (internal & external)
Underwriting and servicing an existing renewal book as well as solicit new business opportunities
Analyze and evaluate risk, accept, reject, or modify risk and coverage conditions within limits of delegated authority and in accordance with established underwriting guidelines to achieve underwriting profitability objectives

Skills

Underwriting

Directors & Officers Liability

Fiduciary Liability

Employment Practices Liability

Crime Insurance

Kidnap/Ransom

Risk Analysis

Broker Interaction

Financial Lines

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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