Casualty Underwriter

American International Group, Inc. (AIG) - UAE

Posted 30+ days ago

Experience

3 - 6 Years

Education

Any Graduation()

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

How you will create an impact

Effectively and profitable underwrite, market, sell and promote all Liabilities Group products. Responsible for the profitable underwriting of new business production and renewal retention of Casualty products for assigned territory developed through Brokers, Direct Clients and Business Development Managers.

Communication and Working Relationships

Internal

Collaborates with other team members of the Casualty department and peer underwriters within Commercial Lines.

Develops strong interpersonal relationships with assigned countries and their employees.

External

To foster positive business relationships with producers and clients.

What you ll need to succeed

2. Minimum Qualifications /Education/Experience/knowled ge

Qualifications and Education: Bachelor s Degree

Experience in field territory management experience related to the insurance industry

Training: Preferably completed negotiations skills and time management training

Knowledge: Has a thorough knowledge of the Property & Casualty industry. Advanced skills in MS Word, Excel, Power Point and Outlook.

Job Accountabilities

1. Maintain the Casualty Underwriting Guidelines that adhere to all corporate and support the strategy and profit goals of the company.

2. Underwrite new and renewal business to promote premium growth within UW authority. Achieve overall production goal in collaboration with the Underwriting Manager.

3. Provide sound underwriting decisions, exhibit flexibility, and price risks to achieve established profit goals for the company. Provide feedback on renewal loss ratios that exceed permissible. Identify poor performing accounts.

4. Work independently to evaluate and analyze submissions, apply underwriting guidelines/business practices and make an underwriting decision.

5. Maintaining broker/client relationships. Generate new business from existing producers and up-sell current accounts.

6. Ensure that all casualty pricing tools are being used correctly and that all casualty quotes, binders and policies are issued in accordance with regulatory and corporate policies.

7. Adhere to underwriting authority & underwriting guidelines reference in the AIG Casualty Intranet site. Ensuring that all underwriting decisions are documented in the underwriting file.

8. Ensure that all underwriting directives and compliance process are followed.

9. Ensure the tracking of all Casualty Accounts of AIG UAE

10. Ensure timely update of eStart and other tracking tools

11. Ensure timely booking of all policies

12. Handling of all process oriented tasks ensuring a smooth process in place

Key Competencies

  • Demonstrate good business management skills in planning, organizational ability, decision-making, and priority setting with superior time management skills.
  • Ability to work independently, self-manages, organizes and prioritizes work with minimal direction from superiors. Perform multi tasks simultaneous and shift focus quickly.
  • Ability to establish trust and effective working relationships with team, filed offices and producers.
  • Integrity, image, communication skills, interpersonal skills at an established high professional level.
  • Commitment to maintain and develop underwriting skills and technical knowledge.

Ready to take your career to the next level? We would love to hear from you.

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.

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