Casualty Underwriting Associate
Posted on: 25 Feb 2021
Boston, MA
Job Description
JOB DESCRIPTION: Associate Underwriter, Lexington
The Associate Underwriter is the junior member of the production team, responsible for assisting throughout the underwriting process. This individual will support throughout all steps of the process, including submission review/preparation, broker data gathering, researching submission blocks, quote development, booking and issuing, endorsements, and mid-term servicing activities. He/she will contact brokers to retrieve complete information for submissions in cases where additional data is needed before the underwriting team can run the pricing model. The Associate Underwriter will also conduct analysis and for quote development and assist the underwriting team in preparation for broker and client meetings.
Responsibilities
* Assist in the production and issuance of submission preparation (renewal and new business), pricing, quotes, binders, endorsement and policies within time guidelines
* Analyze submissions, loss information, and financial statements for quote preparation and/or quote development
* Assist Underwriter in preparation for broker and client meetings, including pulling reports, researching topics online, creating presentation documents, and more
* Pull loss reports runs and any other ad hoc requests from Underwriter or brokers
Skills:
* General understanding of Commercial insurance process, terms and structure
* Intermediate Excel skills
* Time management able to prioritize and manage workload
* Ability to work independently to complete tasks
* Good oral and written communications skills
* Analytical and critical thinking skills
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.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
Functional Area:
UW - Underwriting
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
Lexington Insurance Company
AIG
New York, New York
American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company’s General Insurance segment offers general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
It also provides professional liability insurance products for a range of businesses and risks, including directors and officer’s liability, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products.
Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, fixed annuities, and variable annuities, as well as individual annuity and investment products, and financial planning and advisory services; and term life and universal life insurance. This segment also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, wirehouses, and broker-dealers. The company’s Legacy Portfolio segment offers legacy insurance products. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.
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IndustryInsurance
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No. of Employees49,600
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Website
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Jobs Posted661
