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AIG

Underwrites insurance for businesses and individuals

Underwriter Construction

UnderwritingConfirmed live in the last 24 hours
Full-timeFrankfurt, GermanyNo salary listed

About the Job

Requirements

  • You will have extensive experience underwriting profitable business in the Construction segment of large corporate international insurance.
  • You have recognized relationships with clients and brokers at peer group level and are well established within the market.
  • You have a specialized understanding of regional / local Construction insurance markets and competitor landscape.
  • You are capable of leveraging data and analytics to make business more efficient and effective.
  • You have a good understanding of the legal and regulatory environment.
  • You can design, develop and implement consistent, robust wordings for contracts.
  • You have excellent negotiation skills and the ability to build, maintain and expand relationships with key broker partners and clients.
  • You have excellent organizational and interpersonal skills.
  • You should be results-oriented.

Responsibilities

  • Actively source and underwrite new business to meet profitability targets.
  • Develop, grow, manage and maintain a profitable book of Construction accounts.
  • Underwrite in line with the Construction governance framework, including Underwriting Authorities, Underwriting Guidelines and Functional Rules.
  • Oversee a globally consistent data set of submissions and the historical loss results of that portfolio.
  • Drive involvement of functional areas in the underwriting process, including Market Management, Risk Consulting, Claims and Operations.
  • Manage referrals and undertake four-eye reviews with underwriters.
  • Contribute to the development and execution of regional underwriting strategy.
  • Create and maintain positive relationships with key producers, clients and other relevant stakeholders.
  • Ensure accurate policy documentation is issued to producers.
  • Provide training and support to junior members of the Construction team.
  • Manage assigned underwriting assistants where required.

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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