Underwriting Support FBL at AIG

Brussels, Brussels, Belgium

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

(Details about required skills and experience are missing in the provided text. This section would typically list education, experience, and specific skills needed for the role.)

Responsibilities

Work with underwriters and Shared Services Center (SSC) partners for end-to-end processing of new, renewed policies and endorsements
Maintain contact with brokers/clients, gather information needed to prepare quotes (either for new submissions or renewals), and update underwriters as needed
Participate in maintenance activities:
Update systems as needed
Policy booking and issuance
Follow up on outstanding invoices, provide support for cancellation letters when needed
Support underwriters in collecting and processing documentation for purchased reinsurance (if applicable)
Maintain contact with brokers/clients to obtain information needed to prepare adjustments to policies based on rate (TO, travel, salaries, etc.)
Collaborate with the Collections department
Work with underwriters to set up systems and acceptance platforms
Provide technical guidance to

Skills

Underwriting Support

Policy Processing

Endorsements

Broker Communication

Client Inquiries

Data Quality Maintenance

Policy Issuance

Invoice Follow-up

Reinsurance Documentation

Administrative Tasks

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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