Underwriter, Professional Liability/Cyber, Financial Lines
About The Position
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 is seeking an Underwriter to contribute to their industry leading Professional and Cyber Liability team. AIG’s strong foundation as the market leader in this area has consistently evolved through innovation, creativity, use of technology, and emphasis on data analytics. AIG prides itself as staying ahead of the curve and are looking for forward thinking and inventive underwriters to facilitate in navigating a frequently changing marketplace. Areas of focus will be around E&O, Technology, Media and Cyber Liability. In this role, you will be responsible for underwriting and servicing an existing renewal book as well as soliciting new business opportunities. This role includes constant interaction with top nationwide brokers and insureds as AIG’s client base consists of Fortune 500 companies as well as major local regional players who elicit tailored and unique solutions. Through this role, underwriters gain access to a highly evolving and dynamic atmosphere that involves exposure to major influencers in the insurance, technology, and legal fields. How you will create an impact This role will focus on underwriting new and renewal business to help drive the profitable growth of our Professional Lines / Cyber team. 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.
Requirements
- Some 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.
Responsibilities
- Underwriting new and renewal business to help drive the profitable growth of our Professional Lines / Cyber team.
- 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.
- Provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting.
- 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.
- Provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.
Benefits
- For positions based in Los Angeles, the base salary range is $75,000-$95,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
- We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview
- 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.
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
