Senior Underwriter- Marine

American International Group, Inc. (AIG) - UAE

Senior Underwriter- Marine

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

• To underwrite, market, sell and promote all Marine products within GCC & NA
• This role will be responsible for Profit and Sales for the Marine division primarily within UAE
• Responsible for the profitable underwriting of new business production and renewal retention of Marine products for assigned territory developed through Brokers, Direct Clients and Business Development Managers.

What you ll need to succeed

Qualifications & Education:

Bachelor s Degree. CII qualifications would be a plus

Experience:

Prior experience in Marine Underwriting or Broking.

Training:

No mandatory external training

Knowledge:

Has in-depth knowledge of the Marine Insurance industry, Logistics and Global Trade

Skilled in MS Word, Excel, Power Point and Outlook. Power BI is a plus.

Job Accountabilities

Retention and New Business Development

• Maintain and develop strong broker/client relationships
• Regular in person meetings with brokers
• Conduct training sessions on AIG appetite and capabilities
• Ensure account retention rates are maintained as per company/department norms.
• Underwrite new and renewal business to promote premium growth within

UW authority.

• Achieve overall production goal in collaboration with the Underwriting Manager
• 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 limits.

Identify poor performing accounts and take remedial actions.

Others:

1. Ensure adherence to all corporate Marine Underwriting Guidelines

2. Ensure that all marine pricing tools are being used correctly and that all marine

quotes, binders, and policies are issued in accordance with regulatory and corporate policies.

3. Adhere to underwriting authority & underwriting guidelines referenced in the AIG Marine Intranet site. Ensuring that all underwriting decisions are documented in the underwriting file.

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

5. Other tasks that may be deemed necessary as per the Marine department requirements.

Communication and Working Relationships

Internal

Collaborates with other team members and peer underwriters within Commercial Lines and Distribution

External

Business relationships with brokers/producers, Clients, Risk Managers, Loss adjusters

Key Competencies

• Strong interpersonal and communication skills, both written and verbal
• Presentations skills
• Negotiation skills
• Insurance experience in direct markets
• Problem-solving skills and a logical approach to work
• Sound judgement and decisiveness
• Ability to work to tight deadlines
• Team player
• Customer service attitude