The posting
#LI- AIG
Junior Marine Underwriter (for UAE Nationals only)
At AIG, we are reimagining the way we help customers to manage risk. Join us as a Junior Marine Underwriter to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.
Make your mark in Underwriting
AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.
How you will create an impact
Effectively and profitably underwrite, market, sell and promote all Marine products.
This role will be responsible for Profit and Sales for the Marine division with specific focus in UAE.
Responsible for the profitable underwriting of new business production and renewal retention of Marine products for assigned territory developed through Brokers, Direct Clients and Business Development Managers.
What you’ll need to succeed
Minimum Qualifications/Education/Experience/Knowledge
Qualifications and Education: Bachelor’s Degree. CII qualifications would be a plus
Training: No mandatory external training
Knowledge: knowledge of Marine Insurance industry.
Skilled in MS Word, Excel, Power Point and Outlook.
Job Accountabilities
Retention and New Business Development
Maintain and develop broker/client relationships
Ensure account retention rates are maintained as per company/department norms.
Underwrite new and renewal business to promote premium growth within UW authority. Achieve overall production goal in collaboration with the Underwriting Manager
Provide sound underwriting decisions, exhibit flexibility, and price risks to achieve established profit goals for the company.
Provide feedback on renewal loss ratios that exceed permissible limits.
Identify poor performing accounts.
Product and Technology
Ensure the use of technology mainly for high volume, small ticket policies.
Bring in efficiency to existing processes by using the available technologies.
Others:
1. Maintain the Marine Underwriting Guidelines that adhere to all corporate and support the strategy and profit goals of the company.
2. . Ensure that all marine pricing tools are being used correctly and that all marine quotes, binders and policies are issued in accordance with regulatory and corporate policies.
3. Adhere to underwriting authority & underwriting guidelines referenced in the AIG Marine Intranet site. Ensuring that all underwriting decisions are documented in the underwriting file.
4. Handling of all process oriented tasks ensuring a smooth process in place
5. Other tasks that may be deemed necessary as per the Marine department requirements.
4. Communication and Working Relationships
Internal
Collaborates with other team members and peer underwriters within Commercial Lines.
External
Business relationships with brokers/producers, Clients, Risk Managers, Loss adjusters
5. Key Competencies
- Basic interpersonal and communication skills, both written and verbal
- Negotiation skills
- Underwriting experience in direct insurance and reinsurance markets
- Problem-solving skills and a logical approach to work
- Sound judgement and decisiveness
- Ability to work to tight deadlines
- Team player
- Customer service attitude
Ready to take your career to the next level? We would love to hear from you.
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. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. 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.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides 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.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to [email protected].
Functional Area:
UW - Underwriting
American Home Assurance Company
