Apply on Employer Site

AIG · 1 day ago

Underwriter, Accident & Health

Parsippany, NJ

Full-time

Onsite

Mid Level

$68K/yr - $91K/yr

American International Group, Inc. (AIG) is a leading global insurance organization that provides a wide range of insurance products and services. The Underwriter for Accident & Health will be responsible for underwriting quotes, analyzing risks, achieving premium targets, and collaborating with various departments to ensure compliance and support for underwriting activities.

BankingFinancial ServicesInsurance

Responsibilities

Profitability as measured by STAT, GAAP, RAP and Loss Ratios

Attained premium growth and retention for the Northeast region

Underwriting Accident & Health quotes (including Business Travel, Participant Accident, Participant Travel) within an assigned territory

Case underwriting of Accident & Health coverage for both renewals and new business (manual rating and experience rating)

Analyze, select, and price risks, and have the ability to articulate underwriting analyses and identify corrective actions, if any, to sales team and broker contacts

Achieve new business premium targets, premium retention targets and loss ratio targets for assigned territory

Strategize with other members of assigned territory team to identify target market segments and to develop broker distribution relationships

Servicing of assigned accounts and brokers, in conjunction with other Underwriting and Sales team members within assigned territory

Work closely with other functional areas: Claims; Actuarial; Operations; Finance; Legal and Compliance

Prepare (where applicable) review and approval of case referrals

Liaise with internal stakeholders to ensure awareness of underwriting activities that require support and service

Deliver timely and accurate quotes/binders

Assist in achieving overall GPW goal in collaboration with Distribution. Work closely and share responsibility for overall revenue goal through new business and retention targets

Quarterly self-audit process to assure 100% and timely compliance and take necessary actions on audit recommendations and findings

Adherence to all internal and external compliance standards, including implementation of new standards

Training to ensure compliance with underwriting authority and sales practice

Qualification

AccidentHealth productsTechnical underwriting skillsCustomer service ethicPlanning skillsRegulatory compliance knowledgeCommunication skillsNegotiation skillsStrategic directionTeam collaborationSelf-motivated