Underwriter, Casualty in London

Underwriter, Casualty in London

London Full-Time 50000 - 65000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Underwrite innovative insurance solutions and build strong relationships with brokers.
  • Company: Join AIG, a global leader in insurance, committed to innovation and inclusion.
  • Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
  • Other info: Dynamic work environment with opportunities for mentorship and career growth.
  • Why this job: Make a real impact in the Casualty sector while growing your career.
  • Qualifications: Experience in commercial insurance and strong relationship-building skills required.

The predicted salary is between 50000 - 65000 £ per year.

Join us as an Underwriter to grow your career at the forefront of Retail London Casualty. Make your mark in Casualty UK. 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 is your opportunity to drive profitable growth in Casualty by working on creative solutions for complex risks. You will be responsible for underwriting a range of new and renewal business, using your proven relationship building skills. We want you to work closely with brokers to communicate risk appetite and our value proposition – and to understand the deal structures, terms and products that best meet clients’ needs. You will then negotiate pricing, terms & conditions, and deal structure with brokers and clients.

It will be important to generate new business by expanding your broker network, attending broker events, and building new relationships across the market. You will collaborate with AIG Distribution, territory managers, and underwriters in other business lines to target desirable accounts and cross-selling opportunities. Based in the London office, you will use your relationships in the London market in addition to building upon or creating new business partnerships across both London and South East geographies.

As a key experienced member of the team, you will set a high standard of customer service to brokers and clients – providing an example for junior colleagues to follow. You will also provide guidance, mentoring and training to less-experienced underwriters – and support them in building their broker network. You will use pricing tools and judgement to produce technical target premium, coverage terms/conditions and deal structure.

What you’ll need to succeed

  • Experience of Commercial Insurance environment from a company, agency or brokerage role.
  • Proven ability to build and maintain strong professional relationships internally and externally with an interest in mentoring and training more junior AIG employees.
  • Strong in terms of Technical & Regulatory framework knowledge of UK Line of Business including product features, forms, regulatory environment and risks.
  • Knowledge of corporation laws and legislation in country of client.
  • Analytical skills of numeric data and ability to interpret, apply actuarial pricing guidelines to specific situations.
  • Sales, negotiation and presentation skills – written and verbal.
  • Highly motivated and results driven.
  • Ability to work in dynamic and fast pace environment, adapt to changing requirements and collaborate with a wide range of colleagues to deliver solutions both mono and multi-line.
  • High degree of comfort with analytical tools and technology.
  • Ability to communicate AIG Risk Appetite and Value proposition, in addition to reasoning behind generated premium, terms and conditions.
  • Willingness to be flexible, learn on the job, and maintain a can-do attitude.
  • Aware of developments and trends in the Commercial Insurance sector relating to Casualty products.

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.

Underwriter, Casualty in London employer: AIG Insurance

At AIG, we pride ourselves on being an exceptional employer, particularly for those in the Underwriting, Casualty role based in London. Our vibrant work culture fosters collaboration and innovation, empowering employees to grow through continuous learning and mentorship opportunities. With a comprehensive benefits package that prioritises health, wellbeing, and professional development, AIG is dedicated to supporting our team members as they navigate their careers and make a meaningful impact in the insurance industry.

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Contact Details:

AIG Insurance Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Underwriter, Casualty in London

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like AIG Insurance). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like AIG Insurance. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Underwriter, Casualty in London

Underwriting Skills
Relationship Building
Negotiation Skills
Sales Skills
Analytical Skills
Technical Knowledge of UK Insurance Regulations
Presentation Skills

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at AIG Insurance.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AIG Insurance. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at AIG Insurance

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AIG Insurance to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at AIG Insurance, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding AIG Insurance's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.