Underwriter, Property at AIG

Singapore

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Excellent general computer literacy. Competent in Microsoft Word, Excel, PowerPoint and Outlook
Detail-oriented
Diploma / Degree in any field. Chartered Insurance Institute preferred
Able to operate independently with little direction or guidance. Self-reliance, use of initiative - a ‘self-starter’
Able to prioritize
Strong team working approach
Strong analytical skills. Calm, rational and methodical approach
Verbal, written and professional presence and ability to communicate at all levels with excellent negotiation skills

Responsibilities

To underwrite Asia Pacific Property risks in accordance with Talbot’s underwriting philosophy and within own authority limits
To assist the Head of Property, APAC in delivering strategy and business plans
To assist the Head of Property, APAC to ensure all underwriters underwrite risks in accordance with the Company’s agreed appetite, authorities and processes
To assist in managing the overall Property portfolio
To provide professional, prompt service to brokers and clients
To assist the Head of Property, APAC in ensuring that Property Underwriting Guidelines are reviewed and updated at least annually
To act in accordance with all regulatory standards and principles at all times
To provide information and assistance as needed to ensure that other syndicate staff can carry out their responsibilities including the production of reports for the business planning process
To make every reasonable effort to increase own knowledge, skills and expertise in order to further personal development within the Underwriter role and reach a position where promotion to a more senior role is feasible

Skills

Property Underwriting

Risk Assessment

Portfolio Management

Broker Relations

Regulatory Compliance

Business Planning

Underwriting Guidelines

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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