At AIG, we are reimagining the way we help customers to manage risk. Join us as an Assistant Underwriter, Financial lines to play your part in that transformation. It's an opportunity to grow your skills and experience as a valued member of the team.
Make your mark in Underwriting
AIG Underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, and Multinational Clients. We are reimagining how we help customers to manage risk, transforming our operating model and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague - empowering our people to grow as insurance professionals and add more value to our customers and AIG.
How you will create an impact
To underwrite Commercial Directors and Officers Liability, Commercial and Construction Professional Indemnity, Commercial Crime, Financial Institutions aspects of the Profit Center's business including:
- This role will focus on underwriting new and renewal business to help drive the profitable growth of our Financial Lines.
- You will be responsible for assessing the desirability of risk through regular contact with brokers, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information.
- Your relationships with brokers will be key to your success. You will need to provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. You will also aim to generate new business by expanding your broker network, attending broker events, and building new relationships across the market - in line with a sales plan established with your manager.
- Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.
- Support growth and profitability objectives as outlined by the Profit Centre.
- Contribute to planning - Assist in identifying growth opportunities, new business segments, new product opportunities to support growth objectives.
- Adhere to all underwriting procedures and compliance protocols as required.
- Assist with account targeting strategy and product development initiatives.
- Conducts relevant product/process training as required by the Underwriting Manager.
- Ad-hoc special projects or requirements that may arise from time to time.
- Help to identify business opportunities for other profit centres to support the company's cross marketing strategy.
- Liaise with administration staff, legal, claims, finance and accounting and any other services centres to ensure awareness of underwriting and business activities support standards required.
- Help identify opportunities and strategies in support of growth in Corporate ang Major Account segments and develop appropriate distribution solutions in country environment.
- Assist with multinational development plans so that AIG gains the maximum share of available profitable income from key/potential producers.
- Lead the launch of new policy wordings, endorsements and/or Broker Specific programs.
- Ensure delivery of reports and compliance tasks in timely fashion to key internal stakeholders as and when required.
- Keep Underwriting Manager aware of all major underwriting issues.
What you'll need to succeed
- Possess MAS recognised insurance qualification.
- Proven experience in Financial Lines underwriting. Experience in underwriting Cyber is a plus.
- Risk assessment experience including new business reinsurance negotiations and developing renewal retention strategies.
- 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.
Ready to prove your potential We would love to hear from you.
