Underwriter - Business Package

AIG Malaysia Insurance Berhad; Kuala Lumpur; Hybrid; MYR 60,000 - 90,000; Full time

Benefits offered by this job

Total Rewards Program

Volunteer Time Off and Matching Grants

Job summary

American International Group, Inc. is hiring an Underwriter for the Business Package in Malaysia. You will support underwriting, governance, and portfolio management, coordinating with stakeholders to implement processes that drive top and bottom-line results.

Two plus years in insurance underwriting are preferred; a Bachelor’s degree is required, with AMII/ACII as an added advantage. The role emphasizes collaboration, organization, and accountability within a dynamic team.

Qualifications

• Bachelor’s degree is required.
• 2+ years in insurance, preferably Fire/Property underwriting.
• AMII/ACII designation is an added advantage.

Responsibilities

• Underwrite new and renewal Business Package within Malaysia.
• Manage governance, portfolio management and stakeholder relationships.
• Develop and implement processes to achieve top and bottom-line results.

Skills

Insurance experience

Underwriting knowledge

Communication skills

Time management

Customer focus

Education

Bachelor’s degree

AMII/ACII

Job description

Underwriter - Business Package

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Underwriter - Business Package 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.

About the role

What you need to know.

We are looking for a candidate who will support the department and be responsible within the underwriting function of Business Package within Malaysia with ownership of key outcomes, that includes the support of underwriting, governance, portfolio management, and working the eco-system from managing stakeholders to implementing processes to achieve the desired top and bottom-line results.

Key focus areas are:

• Underwriting new and renewal business to help drive the profitable growth of the department
• Assessing the desirability of risk through regular contact with intermediaries, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information
• Apply and adhere to framework of Underwriting Authority and operate within the delegation of authority
• Ensure compliance to peer reviews and support all relevant audits
• Jointly develop and support implementation of action plans with key stakeholders based on audit recommendations and findings
• Support the development of new products and/or product enhancements
• Support the development of Product and Underwriting training programs
• Support the operational execution of the underwriting process, including managing system enhancements, perform User Acceptance Testing (UAT) and fulfillment process
• Provide accurate monthly management information including submissions, bind rate, average premium, and total premium

What you’ll need to succeed

Two plus years of proven experience in insurance preferably in Fire and Property underwriting however, you are welcome to apply if you have other relevant professional experience.

Highly collaborative approach across functions and flexible in working independently and within a team.

Strong communication, networking and relationship building skills.

Good organizational and time management skills.

Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable.

Requirements

Bachelor’s degree.

AMII or ACII (Added advantage).

Competencies Required Knowledge required: (e.g. Problem solving, Decision making, Analytical, Communication, Initiative) 2 years + in the insurance industry specifically Commercial Insurance.

Work Culture & Location

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.

Benefits

• 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.
• Volunteer Time Off and Matching Grants Programs.

About AIG

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.

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.

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 [e-mail].

Functional Area: UW - Underwriting

AIG Malaysia Insurance Berhad As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible. We also do the same for our colleagues, 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 Community. Additional information about AIG can be found at www.aig.com | YouTube | Instagram| LinkedIn.