Full-Time

Underwriter Assistant

Posted on 9/26/2025

AIG

AIG

10,001+ employees

Global insurer underwriting policies and investments

No salary listed

Milan, Metropolitan City of Milan, Italy + 1 more

More locations: Italy

In Person

Candidates are expected to work primarily in the office.

Category
Operations & Logistics (1)
Requirements
  • Bachelor’s degree preferred or equivalent work experience but candidates with base skills complemented with business/insurance vocational training will be considered.
  • Prioritizing – able to navigate and switch between multiple systems.
  • Microsoft Office
  • Client Servicing – ability to anticipate client (internal and external) needs and act proactively.
  • Problem Solving – identify problems and solutions matched to the appropriate solutions.
  • Attention to Detail – demonstrate attention to detail to ensure accurate documentation is maintained.
  • Master local country language(s), working knowledge of English – additional language a plus.
  • Excellent communication skills
  • Strong administration skills
  • Good time management skills – ability to handle multiple priorities, organise work and meet deadlines.
Responsibilities
  • Partner with underwriters and COE partners for end-to-end processing of new, renewal business as well as endorsements.
  • Participate in pre-binding activities: Liaising with brokers/clients, gather information necessary to prepare quotes (either for new submissions or renewals) and update raters, update raters when deemed necessary, Prepare the referral documentation, Issue quotes upon receiving instructions from the Underwriter, Decline submission request if not within UW guidelines, Capture information/documents – Transaction file management.
  • Participate in post-binding and servicing activities: Update bind subjectivities, Update rater/systems when deemed necessary, Policy booking and issuance: Ensure quality and timeliness of issuing & booking instructions and follow-up on outstanding policies before hand-off to operations, Support preparation of Binder/slip, policy, and endorsement for the SSC to issue, Follow-up on opened subjectivities, support cancellations letters preparation if not due to non-payment (Cancellation process for Unpaid premium will be handled by SSC and at a later will be automated through Collections system), Work closely with risk engineering and underwriting to ensure risk engineering program is being executed, Support underwriters around necessary gathering and processing of documentation for purchased reinsurance (as applicable).
  • Partners with the Collection department: Handles Finance queries (through Live Ledger & e-mail), Support their effort to recover unpaid premium, Work with underwriters: Set-up systems and underwriting platforms, Provide technical direction to underwriting on workflow management tools: research & resolve processing problems in workflow management tools, Assist w. data/portfolio management, Assist with Data Integrity together with underwriting: Rate Change, actual to technical, linesize, limits and premium reports are checked against rater and underwriters view to ensure consistency, Support UW projects on an ad-hoc basis.
  • Compliance/Conduct support: Support the completion and binding of raters in a timely manner, Support UW with reviewing outstanding quotes and ensuring timeliness of booking instructions, Support UW during Audit preparation by gathering necessary information, Support UW with addressing complaints.

AIG is a global insurer offering life, retirement, and commercial insurance for individuals and businesses. Customers pay premiums in exchange for coverage; AIG underwrites policies, pays claims, and invests premium income to earn returns, with a focus on risk assessment and data security. It stands out with a broad global presence and a diversified portfolio that includes Corebridge Financial, a subsidiary focused on retirement planning. Its goal is to help clients manage risk, protect assets, and achieve long-term financial security through comprehensive insurance and retirement solutions.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1919

Simplify Jobs

Simplify's Take

What believers are saying

  • Q1 2026 underwriting income tripled to $774M with 18% premium growth.
  • AI agents target expense ratio below 30% by 2027 for efficiency gains.
  • $1.5B CVC partnership optimizes private equity with $2B credit allocation by 2026.

What critics are saying

  • CEO Zaffino exits mid-2026; Eric Andersen transition disrupts AI execution.
  • North American retail property premiums contract from reinsurance costs now.
  • Climate catastrophes rebound erases Q1 2026 gains in U.S. property lines.

What makes AIG unique

  • AIG leads as largest U.S. underwriter of commercial and industrial insurance.
  • AIG operates property-casualty networks across 200+ countries and jurisdictions.
  • AIG's standalone technology subsidiary enables specialized risk solutions.

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Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Company News

Yahoo Finance
Mar 5th, 2026
AIG reports Q4 income up 51%, targets $1B+ buyback and AI-driven efficiency gains

American International Group reported fourth-quarter adjusted after-tax income rose 51% year-over-year, driven by strong underwriting performance. Full-year 2025 capital returns reached $6.80 billion through buybacks and dividends. The insurer outlined plans for low- to mid-teens net premium growth and at least $1 billion in share repurchases for 2026. Management set a target to push the expense ratio below 30% by 2027 using AI agents in underwriting and digital initiatives. AIG's narrative projects $31.3 billion revenue and $3.8 billion earnings by 2028, requiring 4.5% annual revenue growth. However, the company remains exposed to climate-related catastrophe losses, which could impact long-term performance despite the AI-driven efficiency measures.

Yahoo Finance
Mar 3rd, 2026
AIG posts 51% Q4 income surge to $1.96/share, returns $6.8B to shareholders

American International Group (AIG) reported a 51% year-over-year increase in Q4 adjusted after-tax income to $1.96 per diluted share. For the full year 2025, the company generated $4 billion in adjusted after-tax income and $2.3 billion in underwriting income, marking a 22% increase over 2024. AIG returned $6.8 billion to shareholders in 2025 through $5.8 billion in share repurchases and $1 billion in dividends. Whilst international commercial new business grew strongly, North American retail property and personal net premiums contracted due to reduced market appetite and higher reinsurance costs. For 2026, AIG forecasts net premiums written growth in the low to mid-teens. The company targets reducing its expense ratio below 30% by 2027 through operational efficiency improvements, including AI implementation, and plans to continue share repurchases of at least $1 billion.

Yahoo Finance
Jan 30th, 2026
AIG shares trail market as CEO Peter Zaffino steps down, analysts maintain moderate buy with $87 price target

American International Group (AIG), valued at $39.6 billion, has underperformed the market with shares down 1.4% over 52 weeks, compared to the S&P 500's 15.4% gain. The stock fell 7.5% on 6 January following CEO Peter Zaffino's announcement he would step down by mid-year, with Eric Andersen from Aon set to join as President and CEO-elect in February. Despite leadership uncertainty, analysts expect AIG's earnings per share to grow 41.8% year-over-year to $7.02 for the current fiscal year. The company has beaten consensus estimates in the last four quarters. Among 25 analysts covering the stock, the consensus rating is "Moderate Buy", with a mean price target of $87.41 representing 17.5% upside potential.

Intellectia.AI
Jan 19th, 2026
AIG commits $1.5B to CVC's private equity platform in strategic partnership

American International Group has formed a strategic partnership with CVC, committing up to $1.5 billion to a new private equity secondaries evergreen platform where AIG will serve as cornerstone investor. The platform will help AIG efficiently manage its legacy private equity exposures. AIG plans to allocate up to $2 billion to separately managed accounts and funds managed by CVC, with an initial $1 billion to be deployed by 2026. The allocation will focus on diversified credit strategies aligned with AIG's regulatory and investment return objectives. The partnership supports AIG's long-term investment goals through CVC's insurance solutions and private market innovations. CVC's CEO highlighted the firm's ability to deliver bespoke, capital-efficient solutions for global insurance institutions.

TheBusinessDesk.com
Dec 18th, 2025
Gary Neville secures investment in Salford City FC from US insurance giant AIG | TheBusinessDesk.com

Deal to include extensive brand visibility both on and off the pitch

INACTIVE