Senior Underwriter - Business Pack

Senior Underwriter - Business Pack

Senior Underwriter - Business Pack

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

General Insurance Underwriting

AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world. AIG’s underwriters help to find insurance solutions for risks from a range of areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients and High Net Worth individuals.

About the role

What you need to know:

Description:

• Handle all areas not limited to sales, product development, pricing, planning & coordinate marketing activities with distribution channels.
• Provide product training for all channels including SME risk appetite and identify areas for growth.
• Contribute to the overall strategic direction and development of the SME portfolio, review of electronic trading platform (Transact) business rules and rating algorithm and improvements in operational efficiency.

Performance Measurements

To fulfill the following KPIs:

• Execute and measure performance of distribution channels assigned (Agents & Brokers) to achieve business targets. Expected hit ratio of 60% on new business and retention ratio of 86% for the renewals.
• Assist HOD with the development and roll-out of any new products.
• Work closely with Corporate Communication and Legal to coordinate all marketing and communication activities, materials, and collaterals in conjunction with any new products launched.
• Lead and coordinate UAT activity for the department.
• Responsible for underwriting and portfolio management of the department. Quarterly review of business rules and recommend areas of improvement.
• Assist HOD on any other ad-hoc tasks, assignments, projects, reports, presentation, training, marketing & communication materials for the department.

What we’re looking for:

Requirements:

• Bachelor’s degree
• AMII or ACII (Added advantage)
• 5 years + in the insurance industry specifically Commercial Insurance
• Competencies Required: Knowledge required (e.g. Problem solving, Decision making, Analytical, Communication, Initiative)

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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.

Functional Area: UW - Underwriting AIG Malaysia Insurance Berhad

At AIG, helping people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.

But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.