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.
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.
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 will focus on underwriting new and renewal business to help drive the profitable growth of our Regions Casualty business.
- 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 analyze financial statements.
- Strong communication, networking and relationship building skills.
- Good organizational and time management skills.
- Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable.
Ready to prove your potential? We would love to hear from you.
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.
Functional Area:
UW – Underwriting AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd
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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.