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AIG

Underwrites insurance for businesses and individuals

Regional Group Underwriting Manager - Accident & Health

UnderwritingConfirmed live in the last 24 hours
Full-timeNo salary listed

About the Job

Responsibilities

  • Maintain loss ratio at or below agreed-upon levels.
  • Control and segment the business into product profit-and-loss statements and monitor business retention.
  • Audit compliance, correctness, delegated local underwriting authorities, rating, wordings, file documentation, renewal underwriting, product development processes, and peer reviews; perform audits every 18–24 months or sooner and send written reports to the Underwriting Regional Office for final review.
  • Review and approve work on product development, or perform the work directly. Ensure new products and major product changes receive approval from the Regional Underwriting Manager, Regional Actuarial, and Regional Legal as required, and follow the product development process as appropriate.
  • Review and approve quotes on large and/or unusual market opportunities.
  • Ensure personnel with underwriting authority receive training appropriate to their authority and monitor trainees’ progress toward obtaining underwriting authority.
  • Assist the Accident & Health Manager, as directed, with general strategic business unit issues, important client relationships, and key production issues.
  • Ensure appropriate evaluation of third-party administrators; prepare cases for Underwriting Regional Office approval because Underwriting Managers cannot contract with third-party administrators. Obtain Regional Legal approval and signatures on third-party administrator agreements before work begins, and obtain New Jersey sign-offs as necessary.
  • Coordinate with Operations and Systems, Legal, Claims, and Controller/Financial departments to ensure they are aware of underwriting and related business activities requiring their support and service.
  • Periodically provide comments on subordinates’ technical ability and performance against established criteria.

About the Company

AIG

Underwrites insurance for businesses and individuals

AIG underwrites property and casualty insurance for businesses and individuals, covering losses from damaged assets, legal claims and personal accidents. Its commercial policies span risks such as cyberattacks, shipping losses and aviation accidents, while personal coverage includes accident and health insurance and protection for valuable homes. Brokers and agents connect clients with insurers that assess risks, set premiums and handle claims under each policy's terms. The group earns insurance premiums and investment income on assets held to meet future claims. Its operating roots date to Shanghai in 1919, and its headquarters are in New York City.

Company size
10,001+
Company stage
IPO
Headquarters
New York City, New York
Founded
1919

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