Underwriting Specialist, National Accounts, Foreign Casualty at AIG

Chicago, Illinois, United States

AIG Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

  • Proven underwriting experience in WorldRisk and/or Foreign Casualty and a successful record of selling products to clients
  • Deep technical expertise in NA Casualty lines of business including product features, forms, regulatory environments and risks (i.e. Environmental, Excess or Primary Casualty, NA Auto, WC, AL, GL, DBA, Foreign Casualty)
  • The ability to analyze financial statements
  • Strong communication, networking, and relationship-building skills
  • Good organizational and time management skills
  • Customer and sales-orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable

Responsibilities

  • Oversee a range of programs and processes, in addition to handling complex underwriting
  • Balance the needs of multiple stakeholders and make sound decisions using data, analysis, experience, judgment, and a risk mindset
  • Build effective relationships with brokers and deliver a high standard of customer service as an example for the team
  • Promote a culture of collaboration, inclusivity, and learning while mentoring and developing colleagues through role modeling and training programs
  • Facilitate personal growth and career development, supporting succession planning
  • Play a key role in new business development, including attending broker events and building new relationships across the market
  • Take ownership for achieving goals and outcomes

Skills

Key technologies and capabilities for this role

UnderwritingForeign CasualtyWorldRiskNA CasualtyEnvironmental LiabilityExcess CasualtyPrimary CasualtyNA AutoWorkers CompensationAuto LiabilityGeneral LiabilityDBAFinancial Statement AnalysisBroker RelationshipsRisk Assessment

Questions & Answers

Common questions about this position

What is the salary range for this Underwriting Specialist position?

For positions based in Chicago, IL, the base salary range is $96,000 - $121,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

Is this role remote or does it require office presence?

AIG values in-person collaboration as a vital part of its culture, so team members are asked to be primarily in the office.

What skills and experience are required for this role?

Candidates need proven underwriting experience in WorldRisk and/or Foreign Casualty, deep technical expertise in NA Casualty lines (e.g., Environmental, Excess or Primary Casualty, NA Auto, WC, AL, GL, DBA, Foreign Casualty), ability to analyze financial statements, strong communication and relationship-building skills, and good organizational and time management skills.

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

AIG promotes a culture of collaboration, inclusivity, and learning, with a strong emphasis on in-person collaboration to create a supportive, connected environment.

What makes a strong candidate for this Underwriting Specialist role?

A strong candidate will have proven underwriting experience in WorldRisk or Foreign Casualty with a track record of selling products, deep technical expertise in NA Casualty lines, financial analysis skills, and customer-oriented behaviors like being motivated, tenacious, proactive, and accountable.

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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