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Full-Time

Underwriter

Accident and Health

Confirmed live in the last 24 hours

AIG

AIG

10,001+ employees

International insurance solutions and risk management

Consulting
Industrial & Manufacturing
Consumer Software
Fintech
Financial Services
Real Estate
Aerospace
Defense
Education

Compensation Overview

$50k - $62kAnnually

+ Bonus

Entry, Junior

Philadelphia, PA, USA + 1 more

Category
Insurance
Finance & Banking
Required Skills
Sales
Communications
Requirements
  • University degree or higher and / or Experience in Accident and Health business.
  • Proven Accident and Health products and technical underwriting skills.
  • Proficient in use of MS Office Applications.
  • Strong customer service ethic, with a sound understanding of the business processes.
  • Excellent communication and influencing skills – both written and oral.
  • Excellent planning and negotiation skills.
  • Self-motivated and able to set strategic direction.
  • Able to work in a team to lead and contribute so that AIG meets its strategic goals.
  • Knowledge of country regulatory and compliance requirements.
Responsibilities
  • Profitability as measured by STAT, GAAP, RAP and Loss Ratios.
  • Attained premium growth for the Specialty Segment.
  • Underwriting Accident & Health quotes (including Business Travel, Participant Accident, Participant Travel) within an assigned territory team.
  • Case underwriting of Accident & Health coverage for both renewals and new business (manual rating and experience rating).
  • Analyze, select, and price risks, and have the ability to articulate underwriting analyses and identify corrective actions, if any, to sales team and broker contacts.
  • Deliver timely and accurate quotes/binders.
  • Achieve new business premium targets, premium retention targets and loss ratio targets for assigned territory.
  • Servicing of assigned accounts and brokers, in conjunction with other Underwriting and Sales team members within assigned territory.
  • Prepare (where applicable) review and approval of case referrals.
  • Work closely with other functional areas: Claims; Actuarial; Operations; Finance; Legal and Compliance.
  • Liaise with internal stakeholders to ensure awareness of underwriting activities that require support and service.
  • Adherence to all internal and external compliance standards, including implementation of new standards.
  • Assist in achieving overall GPW goal in collaboration with Distribution. Work closely and share responsibility for overall revenue goal through new business and retention targets.
  • Quarterly self-audit process to assure 100% and timely compliance and take necessary actions on audit recommendations and findings.
  • Training to ensure compliance to underwriting authority and sales practice.
  • Strategize with other members of assigned territory team to identify target market segments and to develop broker distribution relationships.

AIG offers a wide range of insurance solutions for businesses and individuals in approximately 70 countries, providing online portals for claims reporting, risk management, and multinational insurance training. The company's technologies include online portals for claims reporting, risk management, and multinational insurance training.

Company Stage

IPO

Total Funding

N/A

Headquarters

New York City, New York

Founded

1919

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • AIG's strategic partnerships and divestitures, such as with Nippon Life, provide opportunities for growth and enhanced market positioning.
  • The company's focus on AI-driven solutions in cyber insurance can lead to reduced claims costs and more competitive pricing, benefiting both AIG and its clients.
  • Leadership changes, including the appointment of experts like Chris Inglis to the Board, bring valuable expertise in cybersecurity and strategic direction.

What critics are saying

  • Frequent leadership changes, including retirements and new appointments, could lead to strategic misalignments and operational disruptions.
  • The sale of significant business units may result in short-term revenue loss and require time to realize the benefits of a more focused strategy.

What makes AIG unique

  • AIG's strategic divestitures, such as the sale of its personal travel business to Zurich and a 20% stake in Corebridge to Nippon Life, indicate a focused approach to streamline operations and enhance core competencies.
  • The appointment of high-profile leaders like Gordon Browne and Kelly Lafnitzegger underscores AIG's commitment to strengthening its leadership team and driving strategic initiatives.
  • AIG's integration of AI and large language models (LLMs) in cyber insurance showcases its innovative approach to risk assessment and underwriting, setting it apart from traditional insurers.

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account