Functional Area : UW - Underwriting Estimated Travel Percentage (%) : No Travel Relocation Provided : No AIG Asia Pacific Insurance Pte.
Ltd. Your future team AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world.
AIG’s underwriters help to find insurance solutions for risks from a range of areas including life insurance, aviation, financial lines, casualty, environmental, catastrophic events, high net worth individuals, and boardroom liabilities.
Your contribution at AIG As an influencer at AIG, people come to you as a go-to source for help and support because of your deep knowledge and expertise.
As a more experienced team member, you are capable of driving continual improvement and impacting the way that things get done.
Because of your influence, whether direct or indirect, we are able to deliver powerful outcomes for our clients. Scope : Cyber and Technology Professional Indemnity Lines To underwrite all Commercial and Financial Cyber businesses and Technology Professional Indemnity accounts including : Support growth and profitability objectives as outlined by the Profit Centre.
Contribute to planning Assist in identifying growth opportunities, new business segments, and new product opportunities to support growth objectives.
Adhere to all underwriting procedures and compliance protocols as required. Assist with account targeting strategy and product development initiatives.
Maintain strong working relationships with tiered brokers. Create solutions and initiatives in order to service SME market and agency-
based businesses. Establish, maintain and monitor accredited local and global third party service providers that assist CyberEdge clients in the event of a breach.
Lead the onboarding discussions of Cyber Vendors with potential clients and / or Policyholders. Lead product trainings to Agents, Brokers and Business Development Managers of AIG.
Create concepts and execute marketing events that increase awareness on AIG’s CyberEdge capability and maintain strong brand recognition on AIG.
Ensure High Quality of underwriting files. Ad-hoc special projects or requirements that may arise from time to time. Key Accountabilities Customer Assist with the maintenance / development of solid working relationships with all clients, brokers, reinsurers and other stakeholders and managing broker visitation schedule for staff in consultation with Head of Financial Lines Help to identify business opportunities for other profit centres to support the company’s cross marketing strategy.
Liaise with administration staff, legal, claims, finance and accounting and any other services centre to ensure awareness of underwriting and business activities support standards required.
Help identify opportunities and strategies in support of growth in CAP and MAP segments and develop appropriate distribution solutions in country environment Assist with multinational development plans and internal processes so that AIG gains the maximum share of available profitable income from key / potential producers Ensure delivery of reports and compliance tasks in timely fashion to key internal stakeholders as and when required.
Consistently develop the CyberEdge Product to cater to the evolving needs of the market, including review and localization of new policy wordings Launch of new wordings to the market that will get AIG ahead of competition.
Keep Head of Financial Lines aware of all major underwriting issues People Conduct technical and soft skills training as required to continue to develop technical and professional competencies.
Maintain a professional and solution-based approach to underwriting Contribute positively and constructively during performance review and goal setting process Supervise, train and mentor staff assigned under him / her (if any) Financial Profitable growth within budgeted objectives.
Expense management as directed by PC and Management. Assist with planning for the PC within a matrix environment. Development and Implementation of business plans with appropriate guidance from Head of Financial Lines Highlight trends in portfolio to Head of Financial Lines Cross-
sell Cyber to existing Financial Lines Business Business Processes Adhere to all underwriting disciplines within the profit centre.
Responsible for adapting and implementing underwriting strategy and methodology to meet production target effectively and profitably.
Referral of Renewal or New Business to Head of Financial Lines / Regional Cyber and PI Product Line Managers which falls outside of delegated underwriting authority.
Work within corporate guidelines and delegated underwriting authority as appropriate. Prompt and timely advice to Segment / Commercial / Country Managers on New Business and Renewal negotiations on accounts that the PC identifies at risk prior to finalization wherever possible.
Understanding and utilization of eStart, eScreen and all supporting strategic systems utilized to support management reports.
What we are looking for Possess recognized insurance qualification and / or relevant tertiary degree from a recognized institution in business, economics, insurance or marketing.
Minimum 4-5 years of insurance underwriting experience FAIS compliant Liability / Financial Lines Underwriting, risk management or broking background essential Risk assessment including new business reinsurance negotiations and developing renewal retention strategies.
has a broad perspective on organization businesses and practices Has a well-rounded business background with experience in multiple functions (e.
understands technological trends that impact the way organization does business Uses understanding of product development, targeted marketing and channels of distribution to add to top line growth Keeps up-
to-date on external issues affecting his / her function and the organization (e.g. political and legislative trends, where the business is headed, the industry and the competition) It has been and will continue to be the policy of American International Group, Inc.
its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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.
At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability.
Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.