AIG are hiring a Specialist Casualty Underwriter to focus on underwriting a profitable book of Risk Managed/Non-Conventional business based on AIG business strategy and appetite. This role will build relationships with internal and external stakeholders to source high quality submissions, determine AIG appetite and prioritise submissions and use pricing tools and judgement to produce technical target premium, coverage terms/conditions and deal structure. The successful candidate will quote and negotiate with brokers within your UW authority, for new business, renewals and material MTAs and assist in shaping and developing AIG underwriting policies, practices and procedures. They will also be responsible for identifying industry developments and make judgements on new and emerging opportunities, drive new business acquisition through delivery of strong value proposition and lead and maintain client engagement and service delivery.
Accountabilities for the role:
Underwrite risk managed business " New business and renewals.
Adhere to Underwriting Authority, Business Rules and Guidelines at all times
Comply with regulatory, risk management, compliance and audit requirements
Support personal development of others, including consultations, referrals,...
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Support personal development of others, including consultations, referrals, and ad hoc training
Provide a strong role model for underwriters and junior team members
Sourcing Quality Business
Communicate AIG Risk Appetite and Value Proposition to partner brokers/clients.
Promote identified growth industries/segments, manage expectations relating to exit industries/segments.
Lead creation of a strong pipeline of target accounts (mono and multi-line) effectively with AIG colleagues and brokers.
Evaluate and prioritise received submission, select those to proceed for full Technical pricing.
Apply underwriting judgment to pricing model results to generate a target price. Suggest coverage terms/conditions and structure options for quoting, negotiating on new business and renewals.
Ensure technical price, deal structure and suggested coverage terms/conditions adhere to Underwriting Guidelines.
Ensure completeness and accuracy of rating tools to facilitate hand off data to Actuarial teams.
Promote Best Practice within underwriting team.
Ensure full and timely completion of underwriting files
Work with actuarial units, finance teams, and business units across the organisation to understand actuarial model applications and stakeholder requirements.
Actively seek out ways to build your Industry expertise & benchmark pricing. Learn more about risk evaluation through formal and informal opportunities.
Sales and Negotiation
Work with brokers/clients to understand the requirement for optimal deal structure, term, and AIG Services that best meets clients needs.
Obtain additional UW information from brokers/clients as may be required on each new or renewal submission.
Negotiate pricing, terms and conditions, deal structure and service proposition with brokers /clients.
Develop strong, long term relationships with external stakeholders.
Deliver agreed internal and external Service Level Agreements/requirements.
Interface with a support team to transmit submission information.
Experience & Qualifications Required:
An undergraduate degree (or equivalent), Chartered Insurer status or progress towards.
Experience of Commercial Insurance environment from a company, agency or brokerage role.
Proven ability to build and maintain strong professional relationships internally and externally.
Strong in terms of:
Excellent knowledge of and experience in writing non-conventional programme structures, underwriting principles and practice.
Technical & Regulatory framework knowledge of UK Casualty Lines of Business (including Motor) including product features, forms, regulatory environments and risks.
Knowledge of corporation laws and legislation in country of client.
Analytical skills of numeric data and ability to interpret, apply actuarial pricing guidelines to specific situations.
Sales, negotiation and presentation skills " written and verbal.
Project management involving a large number of stakeholders
Highly motivated and results driven.
Ability to work in dynamic and fast pace environment, adapt to changing requirements and collaborate with a wide range of colleagues to deliver solutions.
High degree of comfort with analytical tools and technology.
Ability to communicate reasoning behind generated premium, terms and conditions.
Willingness to be flexible, learn on the job, and maintain a can-do attitude.
Awareness of developments and trends in the Commercial Insurance sector relating to Casualty
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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.
At AIG, we believe that diversity and inclusion are critical to our future and our mission " creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.