Assistant Underwriter, Financial Lines

Make your mark in Underwriting

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. 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.

#LI-RO

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

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.  If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.  

Functional Area:

UW - UnderwritingAIG Asia Pacific Insurance Pte. Ltd.