UW Manager Property at AIG

Quito, Pichincha, Ecuador

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s Degree or equivalent
5 to 10 years of experience underwriting property lines in the middle market and large account segments
Experience working with loss control engineering data in a property underwriting context
Ability to work independently to meet deadlines, as well as in a team to accomplish goals
Strong analytical, decision-making, and marketing skills
Recognized Property insurance expert in the Ecuadorian marketplace
Excellent organizational and interpersonal skills
Excellent communication, organization, negotiating, and leadership skills
Ability to work in a matrix environment
Advanced English skills

Responsibilities

Responsible for Commercial Property Ecuador P&L
Ensure that production growth targets are achieved and provide leadership to take remedial action to address shortfall
Establish / execute strategic business plans to achieve profitable growth in line with Profit Centre & country targets
Prepare, manage, and execute production and expense budgets in line with Profit Centre & country targets
Ensure adherence with all underwriting guidelines and bulletins
Manage the portfolio in profitable and sustainable growth, closely following claims activity trends
Ensure adherence with all reporting requirements
Review, analyze and underwrite new and renewal business within underwriting authority
Provide technical direction to underwriters in the Profit Centre
Support team and orientates to negotiate terms and conditions with clients and broker
Works with Brokers to determine Insurance needs and provide solutions
Keep abreast of market changes and trends. Provide strategic direction for new business / new product development
Develops key broker relationships and attracts new business across the entire segment
Works closely with engineering team and across the organization to develop and deliver tailored solutions
Communicates and collaborates across the organization - Claims, Product Management, Loss Control, Legal, Distribution to provide solutions/recommendations to achieve organizational success

Skills

Underwriting

Property Insurance

Portfolio Management

P&L Management

Claims Analysis

Broker Negotiation

Risk Management

Business Development

Strategic Planning

Market Analysis

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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