Underwriter, Accident & Health

Underwriter - Accident and Health

This Underwriter role will be an ideal next step in your career if you already have some relevant experience in insurance – or this could be your entry into underwriting if you have transferable skills.

Make your mark in Underwriting

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

How you will create an impact

Financial / Business Development

• Responsible for achievement of top and bottom-line results for new and renewal business.
• Deliver on underwriting profit results with focus on profitability, loss ratio and combined ratio.
• Develop and maintain relationships with external business partners to drive healthy organic growth of business.
• Collaborate and cross-sell with other internal stakeholders and lines of business within AIG.

Underwriting / Portfolio Management

• Underwriting new and renewal Accident & Health accounts (including Business Travel, Participant Accident, Participant Travel, Supplemental Health) within an assigned territory (manual and experience rating)
• Analyze, select, and price risks, and have the ability to articulate underwriting analyses and identify corrective actions, if any, to sales team and broker contacts
• Achieve new business premium targets, account and premium retention targets and loss ratio targets for assigned territory
• Strategize with other members of assigned territory team to identify target market segments and to develop broker distribution relationships
• Servicing of assigned accounts and brokers, in conjunction with other Underwriting, Sales and Account Management team members within assigned territory.
• Work closely with other functional area, such as Claims, Actuarial, Operations, Finance, Legal and Compliance
• Liaise with internal stakeholders to ensure awareness of underwriting activities that require support and service.
• Deliver timely and accurate quotes/binders.
• Assist in achieving overall GPW goal in collaboration with Distribution. Work closely and share responsibility for overall revenue goal through new business and retention targets.
• Quarterly self-audit process to assure 100% and timely compliance and take necessary actions on audit recommendations and findings.
• Adherence to all internal and external compliance standards, including implementation of new standards.
• Training to ensure compliance to underwriting authority and sales practice  

PERSONAL QUALIFICATIONS AND CHARACTERISTICS

Educational Qualifications

• University degree or higher and / or equivalent experience in Accident and Health or other insurance business.

Professional and Technical Skills and Experience

• Strong customer service ethic, with a sound understanding of the business processes.
• Excellent communication and influencing skills – both written and oral.
• Excellent planning and negotiation skills.
• Self-motivated and able to set strategic direction.
• Able to work in a team to lead and contribute so that AIG meets its strategic goals.

• Strong preference for proven Accident and Health product knowledge and technical underwriting skills.

For positions based in California, the base salary range is $76,000 - $95,000. 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 Overview. 

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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 inclusion

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 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.