Job Description
Financial Lines Underwriter
#LI- AIG
Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
Get to know the business
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
About the role
What you need to know:
Financial Lines Senior MLC Underwriter will be responsible for identifying and underwriting profitable accounts within underwriting limits under the guidance from the Head of Financial Lines / Manage assigned accounts ensuring efficient workflow in the line of operational procedures whilst managing and maintaining and grow relationships with brokers.
Assessing risk (underwriting), servicing accounts and developing the FL product capabilities. Underwrite risks within underwriting authority through a rigorous risk assessment process which includes consideration of loss control, claims history and other appropriate risk management functions. Risk logging, worksheets and rater tool application Ensure adherence to all underwriting guidelines and referrals Transacting and filing of accounts in accordance with Company standards. Ensure adherence to audit requirements Ensure adherence to regulatory and compliance requirements Manage allocated portfolio accounts achieving profitable and sustainable growth. Constantly assessing overall performance of the portfolio and make recommendations for adjustments where needed. Develop and maintain strong personal and professional relationships with brokers and clients Adhere to internal SLA’s to ensure operational efficiency and achievement of agreed customer service standards Instructing and monitoring the issuing of Policy Documents Expense Control Manage all expenses within budget. Continuously work to reduce the expense ratio through constant attention to efficiencies and opportunities to maximize productivity through streamlining of processes.
Thorough knowledge of the Financial Lines Insurance industry / Middle East and North Africa market experience. Excellent Verbal & Written Communication Skills Strong Entrepreneurial Skills Presentation Skills Ability to analyze complex problems, interpret operational needs, and develop integrated creative solutions. Financial Lines Underwriting Background. Dealing with Ambiguity Customer Centric Negotiation Skills / Conflict Resolution Drive for Results Presentation Skills Innovation Management Business Acumen Problem Solving Technical Competencies
Risk Analysis and Pricing
