Head of Underwriting Analytics

Global Head of Underwriting Analytics

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

The Global Head of Underwriting Analytics is a senior position, responsible for leading broad team that uses data analytics to inform and optimize underwriting decision making in the Chief Underwriting Office (CUO) and to enable the AIG global businesses with state of the art reporting capabilities, advancing the CUO data and digital strategies to identify, manage, and report on risks more effectively as well as supporting profitable and sustainable underwriting growth. This role will report directly to the Chief Underwriting Officer.

Duties and Responsibilities

• Construct or enhance underwriting analytical tools for technical pricing needs involving all lines of business across AIG
• Create risk measurement tools for underwriters that provide account insights to enable construction and achievement of desired underwriting portfolios annually
• Drive the CUO data and digital strategies, building state of the art underwriting decision-making tools, including the incorporation of the use of GenAI and LMMs
• Establish underwriting KPIs, risk tolerances and underwriting appetites

• Conduct underwriting risk modeling for all lines of business for both natural and man-made catastrophe exposures
• Work with the CUO Analytics team to roll-up and report to the businesses man-made and natural CAT modelling results, aggregate availability and PML usage
• Develop advanced models for Flood/Cyber/Terror/Casualty/other emerging areas
• Lead underwriting research and development for model creation, validation and calibration to develop AIG view of risk
• Present data-driven insights to the CUO and other stakeholders, explaining the implications for underwriting policies and risk selection
• Design and implement scenario generation including extreme event scenarios (RDS) for underwriting risk needs
• Select, evaluate and integrate new and relevant data sources into underwriting analytics
• Lead high-performing Underwriting Analytics teams
• In coordination with ERM, assess and develop underwriting mitigation strategies to address risk aggregation and systemic/emerging risk
• Provide oversight and governance of new products and solutions
• Collaborate across all internal stakeholders including Actuarial, ERM, Portfolio Optimization, IT and Data Teams to harmonize activities and deliverables

Core Skills and Behaviors:

• Technical Acumen: comprehensive understanding of global and multi-line underwriting analytics best practices, underwriting principles and risk factors
• Results Driven: highly focused on delivering annual and long-term results in accord with established corporate vision and plans
• Authentic and inclusive leadership: develop trust and create followership while holding the team accountable
• Strategic thinking and planning: set priorities, develop execution plans and deliver targeted financial results
• Strong collaboration as well as direct and indirect influencing: able to partner with others to drive collective outcomes
• Communication skills: able to communicate clearly and effectively complex data insights, including adaptability based on the audience
• Talent assessment and development: able to focus on the development of an inclusive workforce, cultivate a culture of high performance, attract and retain top talent, and build succession plans with a deep bench for key positions.

Qualifications and Experience:

• University degree: MBA or similar graduate level degree preferred, with 10+ years of experience, with a professional background in underwriting, modelling, risk analytics
• The ability to rapidly master the competitive, economic, and management challenges of the insurance industry, and AIG’s needs, opportunities, and position within that, is critical
• Proven expertise in helping senior business leaders frame, analyze, size, and solve complex business problem, including an understand of management frameworks and approaches needed to facilitate this work
• Advanced level of comfort independently working with senior executives and crafting communications
• Strong communication skills with experience in interacting effectively with executive management and the Board(s) of Directors
• Leadership and management competencies, with the ability to influence both direct reports and cross function, indirect reporting relationships

For positions based in New York, the base salary range is $325,000-$375,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here:US Benefits.

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides 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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.  

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