At a Glance
- Tasks: Underwrite new and renewal business, assess risks, and build broker relationships.
- Company: AIG is a global leader in insurance solutions, committed to innovation and customer support.
- Benefits: Enjoy a comprehensive benefits package focused on health, wellbeing, and professional development.
- Why this job: Join a culture of inclusion and growth, making a real impact in the insurance industry.
- Qualifications: Experience in underwriting preferred; strong communication and analytical skills required.
- Other info: AIG values in-person collaboration for a supportive team environment.
The predicted salary is between 28800 - 48000 £ per year.
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.
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
This role will focus on underwriting new and renewal business to help drive the profitable growth of our Financial Lines Regions. You will be responsible for assessing the desirability of risk through regular contact with brokers, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information. Your relationships with brokers will be key to your success. You will need to provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. You will also aim to generate new business by expanding your broker network, attending broker events, and building new relationships across the market – in line with a sales plan established with your manager. Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.
What you’ll need to succeed
- Underwriting experience is preferred; however, you are welcome to apply if you have other relevant professional experience.
- The ability to analyse financial statements.
- Strong communication, networking and relationship building skills.
- Good organizational and time management skills.
- Customer and Sales orientated behaviours: motivated, tenacious, focused, technically skilled, proactive, and accountable.
Ready to prove your potential? 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.
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.
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.
Underwriter, Financial Lines employer: AIG
Contact Detail:
AIG Recruiting Team
candidatecare@aig.com
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter, Financial Lines
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in underwriting or financial lines. Attend industry events, webinars, and local meetups to build relationships with brokers and other underwriters, as these connections can lead to job opportunities.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in financial lines insurance. This knowledge will not only help you stand out during interviews but also demonstrate your commitment to the field and your ability to engage in informed discussions with potential employers.
✨Tip Number 3
Consider seeking mentorship from experienced underwriters or professionals in the insurance sector. A mentor can provide valuable insights into the role, share their experiences, and guide you on how to navigate your career path effectively.
✨Tip Number 4
Prepare for interviews by practising common underwriting scenarios and questions. Be ready to discuss how you would assess risks and make decisions based on financial statements, as well as how you would build and maintain relationships with brokers.
We think you need these skills to ace Underwriter, Financial Lines
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance or transferable skills that align with the Underwriter role. Emphasise any experience you have with financial statements, customer service, and relationship building.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation for applying to AIG and your understanding of the underwriting process. Mention specific skills that make you a good fit for the role, such as your analytical abilities and proactive approach.
Highlight Networking Skills: Since building relationships with brokers is key to success in this role, be sure to mention any previous networking experiences. Discuss how you’ve successfully built professional relationships in the past and how you plan to expand your broker network.
Showcase Your Organisational Skills: In your application, provide examples of how you manage your time and organise tasks effectively. This could include managing multiple projects or deadlines, which is crucial for the Underwriter position.
How to prepare for a job interview at AIG
✨Showcase Your Relevant Experience
Even if you don't have direct underwriting experience, highlight any transferable skills from your previous roles. Focus on your analytical abilities, communication skills, and any experience in customer service or sales that can relate to the underwriting process.
✨Understand the Financial Lines Sector
Familiarise yourself with the specific areas of Financial Lines insurance, such as Cyber and High Net Worth individuals. Being knowledgeable about these sectors will demonstrate your commitment and interest in the role, making you a more attractive candidate.
✨Build Rapport with Brokers
Since relationships with brokers are crucial for success in this role, prepare to discuss how you would approach building and maintaining these relationships. Share examples of how you've successfully networked in the past or how you plan to expand your broker network.
✨Prepare for Technical Questions
Be ready to answer questions related to analysing financial statements and assessing risk. Brush up on key concepts and be prepared to discuss how you would apply these skills in real-world scenarios during the interview.