At a Glance
- Tasks: Underwrite new and renewal business, assess risks, and build broker relationships.
- Company: Join AIG, a leader in insurance solutions across various sectors.
- Benefits: Enjoy opportunities for growth, networking events, and a supportive work culture.
- Why this job: Make an impact in underwriting while developing your skills in a dynamic environment.
- Qualifications: Experience in underwriting is preferred; transferable skills are welcome.
- Other info: AIG values diversity and offers reasonable accommodations for applicants with disabilities.
The predicted salary is between 36000 - 60000 £ per year.
Grow your career at the forefront of Casualty insurance and help develop AIG’s Casualty portfolio. Join us as an Underwriter to make a greater impact through your technical expertise and people skills.
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
- This role is your opportunity to drive portfolio development and profitable growth within the Casualty Product as an Underwriter by working on creative solutions for multi-line mid-market risks. You will be responsible for underwriting a range of new and renewal business, using your proven relationship building skills to contribute to this important growth area of the business whilst driving the client service process.
- 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 meets clients’ needs. You will then negotiate pricing, terms & conditions, and deal structure with brokers and clients. Regular contact with your brokers, will be essential through review of proposals and reviews of claims history and general company information to achieve this.
- It will be important to generate new business opportunities by expanding and building on your broker and client networks, through attending broker events, maintaining, developing and building strong new relationships across the market. You will provide excellent service to your brokers through consistent, timely and proactive approaches to underwriting.
- You will also collaborate with AIG Distribution, territory managers, and underwriters in other business lines to target desirable accounts and cross-selling opportunities.
- You will meet individual underwriting expectations to help the team achieve budgeted financial objectives through exhibiting sales oriented behaviours, defined by Management as: motivated tenacious, focused, technically skilled, proactive and accountable.
What You’ll Need To Succeed
- Proven underwriting experience, with good knowledge of Casualty insurance, other relevant professional experience may substitute for underwriting experience with a track record in renewal and new business.
- Desire to work in an entrepreneurial environment with responsibility for contributing to the development of AIG’s P&C portfolio in the regions.
- A strong network of regional broker contacts and willing to build direct relationships with large clients.
- Customer and Sales orientated behaviours: motivated, tenacious, focused, technically skilled, proactive, and accountable. Strong communication, networking and relationship building skills.
- The ability to understand and analyze financial statements.
- Good organizational and time management skills.
- An interest in mentoring and training if you have not held these duties previously.
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.
Equal Opportunity Statement
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.
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Casualty Underwriter employer: AIG
Contact Detail:
AIG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Casualty Underwriter
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in underwriting. Attend industry events and seminars to meet brokers and other underwriters, as building these relationships can significantly enhance your chances of landing the job.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in casualty underwriting. Understanding the current market landscape will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Practice your communication skills, as they are crucial for this role. Engage in conversations with peers or mentors about underwriting topics to build your confidence and articulate your thoughts clearly.
✨Tip Number 4
Consider seeking out a mentor in the underwriting field. Having someone experienced to guide you can provide valuable insights and advice on how to navigate your career path effectively.
We think you need these skills to ace Casualty Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights any relevant experience in insurance or transferable skills that align with the Casualty Underwriter role. Use specific examples to demonstrate your analytical abilities and relationship-building skills.
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 how your skills can contribute to their goal of driving profitable growth in the Casualty business.
Highlight Relevant Skills: In your application, emphasise your strong communication, networking, and organisational skills. Provide examples of how you've successfully built relationships in previous roles, as this is key to success in underwriting.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial in the underwriting field.
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. Discuss how your background in insurance or related fields can contribute to the underwriting process.
✨Demonstrate Strong Communication Skills
Since building relationships with brokers is crucial, prepare examples of how you've successfully communicated and collaborated in past roles. This will show your ability to provide excellent service and foster strong professional connections.
✨Prepare for Technical Questions
Brush up on your knowledge of financial statements and risk assessment. Be ready to discuss how you would evaluate risks and make informed decisions based on data, as this is a key part of the underwriting role.
✨Exhibit a Customer-Oriented Mindset
AIG values customer and sales-oriented behaviours. Prepare to share instances where you've gone above and beyond for clients or customers, demonstrating your motivation and proactive approach to achieving results.