Underwriter Specialist, Primary Casualty at AIG

Toronto, Ontario, Canada

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

10+ years of proven underwriting experience in Primary Casualty
Some knowledge and/or experience in Construction is a plus
A background in engineering is welcomed
Excellent verbal and written communication skills
Willingness for continuous improvement
University degree or college diploma
Excellent customer service and negotiation skills
Ability to operate independently and collaboratively
Excellent organizational and time management skills
Strong decision-making skills
A desire to stay up to date with industry, legal & regulatory trends

Responsibilities

Drive profitable growth in Primary Casualty by working on creative solutions for complex companies
Underwrite a range of new and renewal business, using proven relationship building skills
Perform risk selection and analysis using logical underwriting tools and methods to support decisions
Work closely with brokers to communicate risk appetite and value proposition, and understand deal structures, terms, and products that best meet clients’ needs
Negotiate pricing, terms & conditions, and deal structures with brokers and clients
Generate new business by expanding broker network, attending broker events, and building new relationships across the market
Collaborate with AIG Distribution, territory managers, and underwriters in other business lines to target desirable accounts and cross-selling opportunities
Set a high standard of customer service to brokers and clients, providing an example for junior colleagues
Provide guidance, mentoring, and training to less-experienced underwriters, and support them in building their broker network
Ensure all files are well documented and comply with departmental requirements

Skills

Key technologies and capabilities for this role

UnderwritingCasualty UnderwritingRisk SelectionRisk AnalysisBroker RelationshipsNegotiationPricing NegotiationBusiness DevelopmentCross-SellingRelationship Building

Questions & Answers

Common questions about this position

What experience is required for the Underwriter Specialist role?

The role requires 10+ years of proven underwriting experience in Primary Casualty, with some knowledge in Construction as a plus, a background in engineering welcomed, and a university degree or college diploma.

What is the salary for this position?

This information is not specified in the job description.

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

The job description notes that AIG values in-person collaboration as a vital part of their culture, suggesting an office-based or hybrid arrangement, but specific location details are not provided.

What is the company culture like at AIG for this role?

AIG emphasizes in-person collaboration, empowering colleagues to grow as insurance professionals, and values technical expertise combined with people skills in a team environment where senior members mentor juniors.

What skills make a strong candidate for this underwriting position?

Strong candidates will have excellent verbal and written communication, customer service and negotiation skills, ability to operate independently and collaboratively, excellent organizational and time management skills, and strong decision-making skills.

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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