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Jobtailor seeks a legal professional to draft and refine AIG policy wordings, collaborating with senior leaders and various teams to ensure compliant, clear endorsements and policies.
The role involves advising on complex (re)insurance wordings, supporting governance, and contributing to a centralized repository of policy language.
• Draft and develop both new and updated standard proprietary AIG products, policies, and endorsements across multiple product lines and jurisdictions
• Support the Lead Underwriting Counsel in providing advice to the Office of the Chief Underwriting Officer (CUO) on adopting new and updated policies and endorsements
• Develop AIG policies and endorsements based on broker and competitor carrier forms to address client-specific exposures and to promote the use of AIG-preferred wordings in policy placements
• Work closely with GLCR colleagues to address legal, regulatory, and compliance issues related to product development and policy wordings
• Provide advice and insight regarding policies and endorsements used by other market participants
• Ensure underwriting intent is accurately reflected by using clear and unambiguous policy and endorsement wording
• Collaborate with other AIG areas, e.g., Claims, Actuarial, and the Coverage Litigation team, to identify exposure trends related to policy and endorsement wordings and to address those trends in standard policy language
• Drive remediation of existing policies and endorsements, identifying those that should be retired, updated, or replaced
• Act as a liaison, coordinating and driving policy and endorsement drafting and discussions with line-of-business leaders, senior claims executives, and other internal and external stakeholders
• Support the creation and implementation of a comprehensive policy and endorsement repository
• Support the Lead Underwriting Counsel in advising the Office of the CUO on developing guidelines and authorities to facilitate comprehensive product and wordings governance
• Provide policy and endorsement training for AIG colleagues, offering guidance and insight on wording and usage
• Provide input as an advisor on the development of AI-enabled tools to assist with policy wording management and governance
Requirements
Core Competencies
Demonstrates expertise in drafting and developing insurance policies and endorsements, with a strong focus on legal compliance and regulatory issues. Proficient in advising stakeholders on complex (re)insurance wordings and providing training on policy usage.
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