At a Glance
- Tasks: Support policy agreement processes and collaborate with underwriters and brokers.
- Company: Join AIG, a leading global insurance organisation with a focus on quality service.
- Benefits: Comprehensive health benefits, financial security, and professional development opportunities.
- Other info: In-person collaboration is key to our culture and teamwork.
- Why this job: Make an impact in the insurance industry while working with top-tier clients.
- Qualifications: Strong communication skills and knowledge of US Casualty and Property markets.
The predicted salary is between 35000 - 45000 £ per year.
Get to know the business. American International Group, Inc. (AIG) is a leading global insurance organization. Lex-London is the US division of AIG. It occupies a specialist niche in the London Market and focuses on delivering quality products to sophisticated buyers with high expectations in relation to customer service and delivery.
The role supports the market-leading policy agreement and delivery process. Lex-London leads in several lines of business written, and insureds include Fortune 1000 type corporations. Policy wordings cover a spectrum of London market products from full-manuscript to Market Reference Contract (MRCs). The role will support all lines underwritten and requires insight into normal market contract terms and conditions, knowledge of their use in the market, and an informed perspective on their merits. A high degree of self-motivation and individual responsibility for quality and timeliness of product delivery is expected.
An organized process exists which serves the business; candidates should generally adhere to it with a view to improvement or modification. The role involves collaboration with the Casualty and Property underwriters and active interaction with London market brokers to discuss wording reviews, language intent, and compliance with policy wording guidelines/best practices. It also includes drafting manuscript/bespoke endorsements to address client-specific exposures and align with underwriting intent with UK and US legal partners to ensure regulatory compliance and issue resolution. The role sits within an existing team of specialist policy technicians. The role is in person in the office to support collaboration and a connected environment for the team and clients.
What You'll Make An Impact
- Drive coverage certainty by implementing established policy wording guidelines and advise underwriters on best practices.
- Provide technical guidance to underwriters on policy/endorsement language.
- Review competitor forms and make recommendations to the Underwriters on acceptability of those forms and required endorsements.
- Draft manuscript endorsements to AIG’s standard policy forms and create bespoke endorsements for third-party policy forms to address client-specific exposures and align with underwriting intent.
- Collaborate with Legal in drafting endorsements, including obtaining approvals and adhering to Company/Compliance protocols.
- Ensure policy wording guidelines, best practices and preferred Endorsement language are adhered to and implemented; ensure Endorsement libraries, Quote/Binder and Policy Templates are kept up to date.
- Maintain and update manuscript policy checklists to ensure policy reviews align with AIG’s underwriting intent.
- Support the development and implementation of the Global Policy Forms Library and Digital Workflow as required.
What You'll Need To Succeed
- Written and Oral Communication – proven ability to analyze policy language and draft endorsements, with an understanding of the range of products written; preferably in a US risk context but at least for large global commercial clients; ability to explain complex concepts clearly to underwriters and stakeholders.
- Knowledge – experience with US Casualty and Property markets and policy forms; familiarity with admitted, non-admitted and surplus lines markets is a plus.
- Flexibility – ability to work independently and collaboratively across disciplines; support team members across Casualty and Property.
- Prioritizing and Time Management – able to manage time effectively, prioritize projects, and respond promptly.
- Client Service – ability to anticipate client needs and act proactively.
- Familiarity with London Market Contracts, Slips, Wordings and Endorsements.
- Ability to evaluate and draft new and renewal standard and non-standard policies and endorsements, and liaise with Legal where needed.
At AIG, in-person collaboration is valued as part of our culture, and team members are asked to be primarily in the office to enable effective teamwork and client service.
Benefits and Culture
Enjoy benefits that take care of what matters. AIG’s Total Rewards Program offers a comprehensive package focused on health, wellbeing, financial security and professional development to support you and your family. We’re committed to a culture of inclusion and belonging. AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender identity, national origin, veteran status, disability or any legally protected category. AIG provides reasonable accommodations to applicants and employees with disabilities.
Policy Department Technician - 12 month FTC Maternity Cover in London employer: AIG
Contact Detail:
AIG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Policy Department Technician - 12 month FTC Maternity Cover in London
✨Tip Number 1
Get to know AIG and its culture before your interview. Research their values, recent news, and how they operate in the London Market. This will help you tailor your responses and show that you're genuinely interested in being part of their team.
✨Tip Number 2
Practice your communication skills! Since the role involves explaining complex policy language, try to simplify some insurance concepts for a friend or family member. This will help you articulate your thoughts clearly during the interview.
✨Tip Number 3
Be ready to discuss your experience with policy forms and endorsements. Think of specific examples where you've had to draft or review these documents, and be prepared to explain your thought process and any challenges you faced.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows that you’re proactive and serious about joining the AIG team.
We think you need these skills to ace Policy Department Technician - 12 month FTC Maternity Cover in London
Some tips for your application 🫡
Know the Role: Before you start writing, take a moment to really understand what the Policy Department Technician role is all about. Familiarise yourself with the key responsibilities and skills mentioned in the job description. This will help you tailor your application to show how you fit perfectly into the team.
Showcase Your Skills: Make sure to highlight your written and oral communication skills in your application. Since the role involves drafting endorsements and explaining complex concepts, give examples of how you've successfully done this in the past. We want to see your ability to communicate clearly and effectively!
Be Organised: Since the role requires a high degree of organisation, demonstrate your time management skills in your application. Share specific instances where you’ve managed multiple projects or deadlines effectively. This will show us that you can handle the demands of the position.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values while you’re at it!
How to prepare for a job interview at AIG
✨Know Your Stuff
Before the interview, dive deep into understanding AIG and its position in the insurance market. Familiarise yourself with their policy wording guidelines and the specific products they offer. This knowledge will not only impress your interviewers but also help you articulate how your skills align with their needs.
✨Showcase Your Communication Skills
Since the role requires strong written and oral communication, prepare to discuss examples where you've successfully explained complex concepts to stakeholders. Think about times when you’ve drafted endorsements or collaborated with underwriters, and be ready to share those experiences.
✨Demonstrate Flexibility and Team Spirit
AIG values collaboration, so be prepared to discuss how you work both independently and as part of a team. Share examples of how you've supported colleagues across different disciplines, especially in high-pressure situations, to show that you're adaptable and a team player.
✨Prioritisation is Key
In this role, managing time effectively is crucial. Be ready to talk about how you prioritise tasks and manage multiple projects simultaneously. Use specific examples from your past experiences to illustrate your ability to respond promptly to client needs while maintaining quality.