Regional Underwriting Specialist APAC Financial Lines

Job description

Join us as a Regional Underwriting Specialist - APAC Financial Lines to step up to a key team leadership role that will drive business growth.

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

As a Regional Underwriting Specialist in APAC FL, you’ll play an integral part in fulfilling APAC Financial Lines’ obligations to our colleagues, our key stakeholders, to IFL and to AIG.

Your main job is to provide product and portfolio level support to the Head of Financial Lines.

  The specific deliverables will be agreed upon as you onboard and ramp up into the role, but will include everything from product development, portfolio management, training / L&D, governance, reinsurance, distribution, deal-management, and business development activities across the region.

• Develop and execute business strategy to successfully propel AIG Financial Lines into a significant and profitable long-term, sustainable leadership position in the APAC marketplace, and in support of the company’s ROE objectives over the long-term.

• Ensure the required standards of governance, systems and controls, and regulatory compliance are established and maintained.

• Communicate to APAC countries the broader International and Regional Financial Lines strategy as it corresponds to local market dynamic, challenges and opportunities

• Drive the APAC Financial Lines vision and value proposition in close co-operation with Country GM’s and the GI International Financial Lines function, that recognize changing business and competitive environment dynamics, key business drivers, and financial elements and demonstrate the value we bring to our clients.

• Develop, position, market, and deliver innovative, market-leading products and services through our geographical framework to a network of producers in a manner that effectively leverages our strengths as a competitive differential in the marketplace.

• Drive underwriting excellence across the Financial Lines business in collaboration with the CUO, by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy.

• Ensure alignment amongst Financial Lines underwriting staff and leads on interaction with Client and Broker Engagement, other underwriting business lines, Claims, Actuarial, Finance and other functions to achieve product and company goals.

• Collaborate with Actuarial on creating and maintaining proper pricing tools and technique.
  
  

• Conduct detailed portfolio reviews to assess profitability, rate adequacy, product/segment mix, and general adherence to agreed strategy.

• Establish strong relationships with Regional and Country leadership; create mutual understanding of overall Financial Lines strategy, underwriting methodology and the risks we assume to drive effective execution of the business model.

• Support country teams where needed to help maintain key client and partner relationships across APAC.

• Support team(s) in making business decisions that leverage their expertise and experience in combination with powerful, analytical models;

• Engage with local teams on resource allocation decisions for the Financial Lines Underwriting function in conjunction with Country GM.

• Develop tools and strategies, in collaboration with HR, to attract and retain top industry talent and develop high performing teams.

• Drive a culture that promotes collaboration, diversity and inclusion.

• Collaborate with Claims team to ensure a reputation of Claims excellence in the marketplace.

• Monitoring market developments/trends & intel on competitors

• Engage with non-client/broker external stakeholders such as the Board and regulators, as required

What you’ll need to succeed

• Strong record in an underwriting role, specifically in Financial Lines technical area.

• Strong technical Financial Lines skills and a solid understanding and knowledge of the APAC insurance market.

• The ability to underwrite Direct and Facultative Reinsurance Business.

• Experience with Major Account Underwriting.

• Strong relationships with Global, International, National and Reinsurance Brokers and Cedants from around Asia

• A strong people person with the ability to collaborate and work with and motivate individuals and teams.

• A profitable growth mindset backed by underwriting excellence.

• The ability to understand and manage a portfolio of business in detail, to make the best possible strategic and tactical decisions to improve profitability.

• Strong communication and PC skills; analytical skills; knowledge of commercial insurance products; knowledge of underwriting concepts, practices, procedures and techniques.

• Budget development and expense control skills; ability to manage the business performance of multiple underwriting units; ability to develop and implement underwriting and marketing strategies.

• To be able to follow and implement APAC Regional and global Financial Lines underwriting guidelines.

Ready to lead by example?

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 .

 

Functional Area:

Required Skill Profession

Financial Specialists