Underwriter, Trucking, Retail Casualty at AIG

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

1+ years of relevant professional experience; Insurance experience preferred
Bachelor’s degree from a four-year college or university
Working knowledge of financial statements and analysis
Excellent interpersonal, communication and analytical skills
Excellent organizational skills and ability to handle multiple tasks in a high-volume, fast-paced environment
Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions
Ability to facilitate cross-function collaboration, especially regarding technical aspects
Detail-oriented with demonstrated ability to self-direct, prioritize work, and meet deadlines
Takes initiative on projects and assignments, seeks alternate solutions when necessary
Highly motivated and results oriented
Exposure to NA Casualty products is preferred (i.e. Commercial AL)

Responsibilities

Underwriting a specific line of business within NA Casualty - Trucking (i.e. Commercial AL)
Evaluating, prioritizing and selecting submissions to be underwritten
Identifying risk exposures, special or common hazards, claims experience and appropriate controls
Analyzing claims and quantifying losses
Adhering to guidelines and underwriting discipline to minimize exposure and appropriately price risks
Ensuring underwriting files and services standards and compliance guidelines are adhered to on assigned accounts
Offering coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer
Capturing market intelligence and broker feedback on accounts
Demonstrating strong business acumen, financial and analytical skills, and critical thinking skills which lead to confident decision making and judgment
Demonstrating success in negotiation and building collaborative relationships
Multi-tasking, prioritizing and time management skills
Appropriately balancing changing priorities based upon underwriting needs and performing within time constraints with a high volume of work
Selling and negotiating to achieve bottom line profitability for the Company
Contributing to development of producer strategies
Developing and maintaining a submission pipeline sufficient to achieve overall production and business mix objective
Providing superior customer service to brokers and clients (internal & external)

Skills

Key technologies and capabilities for this role

UnderwritingCasualty InsuranceTrucking InsuranceCommercial Auto LiabilityRisk AssessmentClaims AnalysisFinancial AnalysisAnalytical SkillsCritical ThinkingBusiness Acumen

Questions & Answers

Common questions about this position

What is the salary for this Underwriter position?

This information is not specified in the job description.

Is this Underwriter role remote or does it require office work?

This information is not specified in the job description.

What skills are required for the Trucking Underwriter role?

Required skills include working knowledge of financial statements and analysis, excellent interpersonal, communication and analytical skills, and excellent organizational skills with the ability to handle multiple tasks.

What experience is needed for this Underwriter position?

1+ years of relevant professional experience is required, with insurance experience preferred, along with a Bachelor’s degree from a four-year college or university.

What makes a strong candidate for this Underwriter role?

Strong candidates will have 1+ years of relevant experience (insurance preferred), a Bachelor’s degree, financial analysis knowledge, excellent communication and analytical skills, and the ability to multitask and negotiate effectively.

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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