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AIG

Underwrites insurance for businesses and individuals

Head of Financial Lines Technical Claims

Claims AdjudicationConfirmed live in the last 24 hours
Full-timeNew York, NY, USA

About the Job

Requirements

  • Extensive knowledge in several diverse disciplines or recognized professional fields, including commercial insurance policy coverage and controlling laws, litigation management governance and control, and related critical areas.
  • Advanced communication skills to build consensus across areas of influence, teams, and matrix environments.
  • Superior leadership and management skills demonstrating integrity and professionalism.
  • Proven ability to drive results by identifying and resolving significant problems within the scope of responsibility.
  • Extensive knowledge of the insurance industry, its products, and services.
  • At least 15 years of related work experience with commercial or Risk Management claims, including technical claim handling, coverage interpretation, and claim or litigation experience.

Responsibilities

  • Provide technical oversight of Financial Lines Claims in North America and drive claims technical excellence as a recognized subject matter expert within and outside the Claims function.
  • Collaborate with senior claims, underwriting, actuarial, legal, and compliance leaders to develop and manage strategic objectives and policies for the relevant lines of business.
  • Lead the development of strategies for resolving high-complexity and high-severity claims, identify claim and coverage trends, and drive technical excellence and internal business partner communication within specific business lines.
  • Set the strategic vision for the approach to and resolution of claims, drive claims consistency by product, partner with underwriting on trends and exposures, and work with actuarial to develop consistent claims exposure assessment and reserving approaches.
  • Provide oversight of complex, high-severity claims across D&O, E&O/MPL, Fiduciary, Fidelity, Financial Institutions, and Employment Practices Liability products, focusing on consistency, thought leadership, best practices, lessons learned, and technical training across North America.
  • Monitor high-severity or complex coverage matters and matters involving high-profile insureds or events or significant impact, escalating or referring them for guidance, direction, and authority.
  • Become actively involved in the highest-severity or high-profile claims at the direction of senior claims management, including negotiating settlements with insureds and claimants as needed based on sensitivity, severity, complexity, or age of the matter.
  • Assist the Head of Financial Lines Claims with managing and implementing strategic claim objectives and policies for a line of business in accordance with the company's strategic plans.
  • Identify, analyze, and report claims trends and legal developments, including regular line-of-business reports for senior claims management and internal business partners; coordinate with IT and claims data functions to ensure necessary and correct data views.
  • Oversee and manage systemic and quasi-systemic claim issues crossing all lines of business, and generate periodic reports and updates on exposures for senior claims, actuarial, and underwriting management.
  • Review, develop, and deliver technical claims training content; develop a formalized lessons-learned capability for Financial Lines to communicate claim insights consistently with underwriting and actuarial stakeholders.
  • Communicate and provide education and training regarding existing or developing coverage issues to ensure accuracy and consistency of claims positions and approaches.

Desired Qualifications

  • A Master's degree or Juris Doctor (JD) is preferred.

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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