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AIG · 2 days ago

Underwriter, Accident & Health

Philadelphia, PA

Full-time

Onsite

Entry, Mid Level

$62K/yr - $80K/yr

AIG is a global leader in commercial and personal insurance solutions, and they are seeking an Underwriter for Accident & Health. This role involves managing day-to-day underwriting activities for an assigned book of business, collaborating with various internal teams to drive profitability and growth in the Accident and Health domain.

BankingFinancial ServicesInsurance

Responsibilities

Responsible for achievement of top and bottom-line results for new and renewal business

Deliver on underwriting profit results with focus on profitability, loss ratio and combined ratio

Develop and maintain relationships with external business partners to drive healthy organic growth of business

Collaborate and cross-sell with other internal stakeholders and lines of business within AIG

Responsible for underwriting new and renewal business including negotiating pricing, coverage, terms, and conditions for Accident & Health products (including Business Travel Accident, Participant Accident, Participant Travel, Supplemental Health)

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

Deliver timely and accurate quotes/binders

Achieve new business premium targets, account and 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, Sales and Account Management team members within assigned territory

Work closely with other functional area, such as Claims, Actuarial, Operations, Finance, Legal and Compliance

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

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

Participate in 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 to underwriting authority and sales practice

Qualification

AccidentHealth underwritingCustomer service ethicNegotiation skillsMS Office proficiencySalesforce proficiencyStrategic directionCommunicationTime managementTeam collaborationSelf-motivated