Underwriter, Lex London Property at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Proven experience in Casualty underwriting, preferably in the US Property space
Ideally ACII qualified, or working towards (or equivalent)
Good data analytic skills and ability to create, read, understand and translate data to provide risk and portfolio insights
Excellent communication skills, including verbal, written and negotiation skills, and the ability to fully justify and document the decision-making process

Responsibilities

Assess desirability of risk through thorough review of proposal, claims history and general company information; together with analysis of financial reports (as required); and regular contact with broker
Use designated Underwriting system(s) to streamline underwriting and information-tracking approach across Profit Centre. Input required data consistently and accurately
Generate new business by expanding broker network, attending broker events, and building new relationships across the market
Ensure contract certainty and compliance with key regulatory, risk management responsibilities; and Underwrite within agreed decision-making standards, limitations, and underwriting authority
Provide general back-up and support to more senior members of the Underwriting team to ensure overall department objectives are met

Skills

Casualty Underwriting

Property Underwriting

Data Analytics

Financial Analysis

Risk Assessment

Underwriting Systems

Broker Relations

ACII

Regulatory Compliance

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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