Casualty Underwriter

Role Overview

Casualty Underwriter at AIG, a global leader in commercial and personal insurance solutions. AIG MEA Limited.

Company Overview

AIG is reimagining the way it helps customers manage risk. Underwriting teams help find insurance solutions across Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. The company is transforming its operating model and reshaping role responsibilities and career pathways to unlock the full potential of each colleague and empower people to grow as insurance professionals.

Role Purpose

The Casualty Underwriter plays a key role in AIG's transformation by effectively and profitably underwriting, marketing, selling and promoting all liabilities group products. The role is responsible for profitable underwriting of new business production and renewal retention of casualty products for an assigned territory developed through brokers, direct clients, and business development managers.

Key Responsibilities

Underwriting & Decision-Making

• Underwrite new and renewal business to promote premium growth within underwriting authority.
• Provide sound underwriting decisions, exhibit flexibility, and price risks to achieve established profit goals.
• Work independently to evaluate and analyze submissions, apply underwriting guidelines and business practices, and make underwriting decisions.
• Maintain the Casualty Underwriting Guidelines that adhere to all corporate policies and support the strategy and profit goals of the company.
• Adhere to underwriting authority and underwriting guidelines referenced in the AIG Casualty Intranet site.
• Ensure that all underwriting decisions are documented in the underwriting file.

Production & Account Management

• Achieve overall production goals in collaboration with the Underwriting Manager.
• Maintain broker and client relationships.
• Generate new business from existing producers and up-sell current accounts.
• Identify poor performing accounts.
• Provide feedback on renewal loss ratios that exceed permissible.

Compliance & Systems

• Ensure that all casualty pricing tools are being used correctly.
• Ensure that all casualty quotes, binders and policies are issued in accordance with regulatory and corporate policies.
• Ensure that all underwriting directives and compliance processes are followed.
• Ensure the tracking of all Casualty Accounts of AIG UAE.
• Ensure timely update of eStart and other tracking tools.
• Ensure timely booking of all policies.
• Handle all process-oriented tasks ensuring a smooth process in place.
• Perform other tasks that may be deemed necessary as per Casualty requirements.

Collaboration

• Collaborate with other team members of the Casualty department and peer underwriters within Commercial Lines.
• Develop strong interpersonal relationships with assigned countries and their employees.
• Foster positive business relationships with producers and clients.

Qualifications & Experience

• Bachelor's Degree.
• Territory management experience related to the insurance industry.
• Thorough knowledge of the property and casualty industry.
• Preferably completed negotiations skills and time management training.

Skills & Competencies

• Advanced proficiency in Microsoft Word, Excel, PowerPoint, and Outlook.
• Demonstrate good business management skills in planning, organizational ability, decision-making, and priority setting with superior time management.
• Ability to work independently, self-manage, organize and prioritize work with minimal direction.
• Ability to perform multiple tasks simultaneously and shift focus quickly.
• Ability to establish trust and effective working relationships with team, field offices and producers.
• Integrity, professional image, communication skills, and interpersonal skills at an established high professional level.
• Commitment to maintain and develop underwriting skills and technical knowledge.

Additional Information

• In-person collaboration is a vital part of AIG's culture; team members are expected to be primarily in the office.
• AIG provides a Total Rewards Program, a comprehensive benefits package focused on health, wellbeing, financial security, and professional development.
• AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
• AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.