Underwriting Assistant
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
Key Accountabilities and Responsibilities
Partner with underwriters and COE partners for end-to-end processing of new, renewal business as well as endorsements.
Participate in pre-binding activities.
Liaising with brokers/clients, gather information necessary to prepare quotes (either for new submissions or renewals) and update raters, update raters when deemed necessary
Prepare the referral documentation
Issue quotes upon receiving instructions from the Underwiter
Decline submission request if not within UW guidelines (should be included in a second step when confident about technical skills).
Capture information/documents – Transaction file management
Participate in post-binding and servicing activities:
Update bind subjectivities
Update rater/systems when deemed necessary
Policy booking and issuance:
Ensure quality and timeliness of issuing & booking instructions and follow-up on outstanding policies before hand-off to operations,
Support preparation of Binder/slip, policy, and endorsement for the SSC to issue
Follow-up on opened subjectivities, support cancellations letters preparation if not due to non-payment (Cancellation process for Unpaid premium will be handled by SSC and at a later will be automated through Collections system)
Work closely with risk engineering and underwriting to ensure risk engineering program is being executed
Support underwriters around necessary gathering and processing of documentation for purchased reinsurance (as applicable).
Liaise with brokers/clients to obtain information needed to prepare adjustments on policies where premium is based on rate (TO, travel, salaries, …)
Partners with the Collection department:
Handles Finance queries (through Live Ledger & e- mail)
Support their effort to recover unpaid premium
Work with underwriters:
Set-up systems and underwriting platforms.
Provide technical direction to underwriting on workflow management tools : research & resolve processing problems in workflow management tools
Assist w. data/portfolio management
Assist with Data Integrity together with underwriting: Rate Change, actual to technical, linesize, limits and premium reports are checked against rater and underwriters view to ensure consistency.
Support UW projects on an ad-hoc basis
Compliance/Conduct support
Support the completion and binding of raters in a timely manner
Support UW with reviewing outstanding quotes and ensuring timeliness of booking instructions
Support UW during Audit preparation by gathering necessary information
Support UW with addressing complaints
What we are looking for
Bachelor’s degree preferred or equivalent work experience in Property but candidates with base skills complemented with business/insurance vocational training will be considered.
Prioritizing – able to navigate and switch between multiple systems.
Microsoft Office
Client Servicing – ability to anticipate client (internal and external) needs and act proactively.
Problem Solving – identify problems and solutions matched to the appropriate solutions.
Attention to Detail – demonstrate attention to detail to ensure accurate documentation is maintained.
Master local country language(s), working knowledge of English – additional language a plus
Excellent communication skills
Strong administration skills
Good time management skills – ability to handle multiple priorities, organise work and meet deadlines
We are an Equal Opportunity Employer
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
#LI-AIG
We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected] . Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
UW - Underwriting
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG Europe S.A. (Belgium branch)
At AIG, helping people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.
But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (http://www.twitter.com/AIGInsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.