Underwriter, Financial Lines

American International Group, Inc.; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading global insurance provider is seeking a Senior Underwriter in Financial Lines based in Singapore. The role involves underwriting various products, supporting growth objectives, and maintaining relationships with brokers. Candidates should possess a MAS recognized insurance qualification and demonstrate proven experience in Financial Lines underwriting. Excellent communication and interpersonal skills are essential, along with a solution-oriented mindset. Join us at this pivotal moment to enhance your career while contributing to impactful solutions for clients.

Benefits

Comprehensive benefits package

Professional development opportunities

Qualifications

• Proven experience in Financial Lines underwriting.
• Experience in underwriting Cyber is a plus.
• Strong English written and verbal communication skills.

Responsibilities

• Underwrite Financial Lines products including Directors and Officers Liability.
• Support growth and profitability objectives.
• Maintain strong working relationships with assigned brokers.

Skills

Financial Lines underwriting

Risk management

Strong communication skills

Interpersonal skills

Problem solving

Education

MAS recognised insurance qualification

Job description

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Underwriter in Financial Lines 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, and Multinational Clients. 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

To underwrite Commercial Directors and Officers Liability, Commercial and Construction Professional Indemnity, Commercial Crime, Financial Institutions aspects of the Profit Center’s business including:

• Support growth and profitability objectives as outlined by the Profit Centre.
• Contribute to planning - Assist in identifying growth opportunities, new business segments, new product opportunities to support growth objectives.
• Adhere to all underwriting procedures and compliance protocols as required.
• Assist with account targeting strategy and product development initiatives.
• Maintain strong working relationships with assigned brokers.
• Conduct relevant product/process training as required by the Underwriting Manager.
• Ad-hoc special projects or requirements that may arise from time to time.
• Assist with the maintenance/development of solid working relationships with all clients, brokers, reinsurers and other stakeholders and managing broker visitation schedule for staff in consultation with Profit Centre Manager.
• Help to identify business opportunities for other profit centres to support the company’s cross marketing strategy.
• Liaise with administration staff, legal, claims, finance and accounting and any other services centre to ensure awareness of underwriting and business activities support standards required.
• Help identify opportunities and strategies in support of growth in Corporate and Major Account segments and develop appropriate distribution solutions in country environment.
• Assist with multinational development plans so that AIG gains the maximum share of available profitable income from key/potential producers.
• Lead the launch of new policy wordings, endorsements and/or Broker Specific programs.
• Ensure delivery of reports and compliance tasks in timely fashion to key internal stakeholders as and when required.
• Keep Underwriting Manager aware of all major underwriting issues.

What you’ll need to succeed

• Possess MAS recognised insurance qualification.
• Proven experience in Financial Lines underwriting. Experience in underwriting Cyber is a plus.
• Financial Lines Underwriting, risk management or broking background essential.
• Risk assessment including new business reinsurance negotiations and developing renewal retention strategies.
• Possess strong interpersonal and problem solving skills.
• Confident.
• Strong English written and verbal communication skills.
• Excellent systems and PC skills.

Ready to take your career to the next level? We would love to hear from you.

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 honoured that our drive for positive change has been recognised by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, colour, 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 Asia Pacific Insurance Pte. Ltd.