At a Glance
- Tasks: Manage bespoke policies and analyse new business opportunities in Political Risk insurance.
- Company: Join AIG, a leader in global specialty insurance with a focus on innovation.
- Benefits: Comprehensive benefits package for health, wellbeing, and professional development.
- Other info: Dynamic work environment with opportunities for career growth and development.
- Why this job: Make an impact in a growing team while developing your underwriting career.
- Qualifications: Bachelor’s degree in Finance and 3+ years in the insurance sector required.
The predicted salary is between 55000 - 65000 £ per year.
Join us as a Political Risk Underwriter to grow your career at the forefront of Political Risk insurance.
Make your mark in Global Specialty
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.
AIG is seeking an Underwriter in London with its well‑established Political Risk group ‘PRG’ which specializes in the underwriting of non‑credit perils and credit products (including sovereign, and corporate credit products).
The position would also be responsible for oversight of legacy transactions within its Global Risk Solutions offering.
The role sits within the Credit Lines Specialty business at AIG.
With underwriting hubs in Asia, EMEA and North America, the Political Risk group manages a global risk portfolio.
This is an exciting opportunity with dual responsibilities within a team earmarked for growth within Global Specialty.
How You Will Create An Impact
The Underwriter will have dual responsibilities
- Managing an existing book of bespoke long‑dated policies spanning across various class of businesses within AIG (inc property and casualty liabilities; and responsibility for underwriting new business within Structured Credit (corporate credit) product offering of PRG).
- Responsible for both direct transactional party interaction as well as internal stakeholder responsibilities, ideally suiting a candidate looking towards a career in Underwriting in the Credit Lines business.
- Analysing and evaluating new business opportunities within the Structured Credit product with a view to recommend (and/or approve) and price transactions that fit within AIG’s risk appetite.
- Working closely with the Senior Underwriters within UK Political Risk team to drive business growth by leveraging on existing suite of credit products and new product development.
- Managing deal reporting, ongoing premium calculation, invoicing and liaising with internal & external stakeholders to maintain operational aspects of the policies within the Global Risk Solutions (GRS) book.
- Establishing and strengthening relationships with financial institution clients, distribution partners and reinsurers to develop and grow the business.
- Negotiating insurance policy wordings with brokers and financial institutions and reviewing facility documentation.
- Preparing in‑depth internal credit risk (including extensive financial statement analysis) & other related transaction material in support of underwriting requests and recommendations.
- Proactively monitoring a diversified portfolio of Political Risk exposures to ensure compliance with internal policies and preparing regular updates and reporting for management (e. g. covenant monitoring, obligor performance, sector and country analysis).
- What You’ll Need To Succeed
- Bachelor’s Degree, preferably Finance related.
- 3+ years working experience in Insurance sector preferably with credit analysis experience.
- Transactional experience in Political Risk / Structured Credit is desirable.
- Analytical thinker and self‑motivated to manage several new transactions at once, whilst dealing with existing transactions.
- Conscientious and diligent, able to manage time pressure and adhere to deadlines.
- Excellent interpersonal skills and a strong team player.
- 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.
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
- #J-18808-Ljbffr
Underwriter - Political Risk in London employer: AIG
AIG is an exceptional employer located in Manchester, offering a dynamic work environment that fosters professional growth and development within the Financial Lines sector. With a strong emphasis on employee wellbeing, AIG provides a comprehensive benefits package and encourages a culture of collaboration and innovation, making it an ideal place for those looking to make a meaningful impact in the field of cyber underwriting.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Political Risk 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). 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. 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 - Political Risk in London
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AIG. 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
✨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 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, 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'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.
