Underwriter, Financial Lines
Underwriter, Financial Lines

Underwriter, Financial Lines

Birmingham Full-Time 36000 - 60000 £ / year (est.) No home office possible
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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 environment.
  • Why this job: Make an impact in underwriting while developing your skills in a dynamic team.
  • Qualifications: Experience in underwriting preferred; strong communication and analytical skills required.
  • 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 Financial Lines regions 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 analyse financial statements.

  • Strong communication, networking and relationship building skills.

  • Good organisational and time management skills.

  • Customer and Sales orientated behaviours: motivated, tenacious, focused, technically skilled, proactive, and accountable.

Ready to reach your potential? We would love to hear from you.

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 belonging

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 inclusion 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.

Functional Area:

UW – Underwriting AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd

Underwriter, Financial Lines employer: AIG

AIG is an exceptional employer that prioritises the growth and development of its employees, offering a dynamic work culture where innovation and collaboration thrive. With a focus on empowering individuals in their underwriting careers, AIG provides comprehensive training, mentorship opportunities, and a supportive environment that encourages professional advancement. Located in the heart of the UK, employees benefit from a vibrant city atmosphere, networking events, and a diverse range of clients, making it an ideal place for those looking to make a meaningful impact in the insurance industry.
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Contact Detail:

AIG Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriter, Financial Lines

✨Tip Number 1

Network with professionals in the insurance industry, especially those who work in underwriting or financial lines. Attend industry events, webinars, and local meetups to build relationships with brokers and other underwriters, as these connections can lead to job opportunities.

✨Tip Number 2

Familiarise yourself with the latest trends and developments in financial lines insurance. This knowledge will not only help you stand out during interviews but also demonstrate your commitment to the field and your ability to engage in informed discussions with potential employers.

✨Tip Number 3

Consider seeking mentorship from experienced underwriters or professionals in the insurance sector. A mentor can provide valuable insights into the role, share their experiences, and guide you on how to navigate the application process effectively.

✨Tip Number 4

Prepare for interviews by practising common underwriting scenarios and questions related to risk assessment and relationship management. Being able to articulate your thought process and approach to underwriting will showcase your analytical skills and readiness for the role.

We think you need these skills to ace Underwriter, Financial Lines

Underwriting Experience
Financial Statement Analysis
Strong Communication Skills
Networking Skills
Relationship Building
Organisational Skills
Time Management
Customer Service Orientation
Sales Skills
Proactive Approach
Attention to Detail
Problem-Solving Skills
Ability to Work Under Pressure
Adaptability

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 Underwriter role. Emphasise your analytical abilities, communication skills, and any previous experience with financial statements.

Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific aspects of AIG's approach to underwriting that resonate with you, and explain how your background makes you a great fit for their team.

Highlight Relationship-Building Skills: In your application, emphasise your ability to build relationships, particularly with brokers. Provide examples of how you've successfully networked or collaborated in previous roles to demonstrate your customer-oriented mindset.

Showcase Your Organisational Skills: Detail your organisational and time management skills in your application. Mention any tools or methods you use to manage tasks effectively, as these are crucial for the Underwriter role at AIG.

How to prepare for a job interview at AIG

✨Know Your Underwriting Basics

Brush up on your understanding of underwriting principles, especially in Financial Lines. Be prepared to discuss how you assess risk and what factors influence your decisions.

✨Showcase Your Communication Skills

Since building relationships with brokers is crucial, demonstrate your strong communication skills during the interview. Share examples of how you've successfully managed client relationships in the past.

✨Highlight Relevant Experience

Even if you don't have direct underwriting experience, emphasise any transferable skills or relevant professional experiences. Discuss how these can contribute to your success in this role.

✨Prepare Questions for Your Interviewers

Have insightful questions ready about the company's approach to underwriting and their expectations for the role. This shows your genuine interest and helps you understand how you can fit into their team.

Underwriter, Financial Lines
AIG
Location: Birmingham
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  • Underwriter, Financial Lines

    Birmingham
    Full-Time
    36000 - 60000 £ / year (est.)
  • A

    AIG

    10000+
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