Underwriting Assisstant at AIG

Capelle aan den IJssel, South Holland, Netherlands

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurance, Property CasualtyIndustries

Requirements

Dutch language skills required
Demonstrates understanding of insurance principles
Able to navigate and switch between multiple proprietary, vendor, web-based and standard computer systems
Competence on Excel
Learning Agility - Demonstrates a growth mindset through an ability and willingness to learn from experiences and new situations
Ability to anticipate client needs and act proactively
Ability to identify problems and match appropriate solutions
Demonstrate attention to detail to ensure accurate documentation is maintained

Responsibilities

Assist in underwriting of new and renewal business in accordance with underwriting guidelines, relevant underwriting authority and AIG principles
Assist the underwriting team with administration support (e.g., inputting data for renewals, issuing decline letters, file maintenance, communicating with external Brokers to follow up submissions and closings, updating tracking IT systems, checking closings received from external Brokers, clearing unallocated cash, and any other task required to support the underwriters at renewal or midterm)
Prepare formal documentation in a timely and accurate manner in accordance with Profit Centre and corporate standards, and in line with compliance with regulatory standards
Develop and improve office systems on an ongoing basis as directed
Work with the underwriting team to drive the use of underwriting platforms
Assist senior members of the team with data analytics and portfolio management/analysis
Assist in the implementation of business plans in accordance with company direction including technology and the digital delivery of products to the market
Work closely with Underwriters to ensure the maintenance/development of solid working relationships with brokers to create business opportunities
Proactively keep up to date with industry, business issues and trends
Ensure client service metrics as agreed by Profit Centre are adhered to
Maintain accurate files, registers and records to contribute to management reporting and timely service and policy issuance
Complete all delegated projects in the manner expected and requested by the Manager
Full participation in local and regional training (underwriting and personal skills)

Skills

Underwriting

Dutch language

Data entry

Administrative support

Broker communication

IT systems

File maintenance

Regulatory compliance

Documentation preparation

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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