Specialist, Underwriting Support at AIG
London, England, United Kingdom -
Full Time


Start Date

Immediate

Expiry Date

20 Sep, 25

Salary

0.0

Posted On

20 Jun, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Addition, Oversight, Endorsements, Underwriting, Cancellations, Distribution Network, Research Projects, General Insurance, Renewals, It, Approval Process

Industry

Insurance

Description

WHO WE ARE

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

GET TO KNOW THE BUSINESS

General Insurance is a leading provider of insurance products and services for commercial
and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through
a diversified, multichannel distribution network.

WHAT YOU NEED TO KNOW:

This position is part of the UW support career progression and may report to a Senior Specialist, UW Support, Team Leader, or to a Team Manager, Underwriting Support. This role assists the underwriters by screening risk offerings and with pre and post-binding processes. The role also performs services including problem-solving or research projects requiring broad insurance and/or procedural knowledge and works under direct supervision.

In addition to the traditional UA duties, this role will:

  • Support regional UA Manager in overseeing all daily business activities and act as the first point of call for all UAs in the region
  • Review new submissions against prescribed criteria to determine if risk qualifies for LOB risk appetite.
  • Performs a comparison of renewal submission information against prior year information and documents differences for underwriting
  • Renewals - prior to policy expiration, reviews policies for manuscript endorsements and initiates the manuscript endorsement approval process on behalf of underwriting.
  • Issues policies, endorsements, and cancellations; prepares policy writing instructions and premium billings, and processes individual policy filings.
  • Completes loss rating and develops initial pricing, basic coverage structuring, quotation, and binder packages on behalf of the underwriter.
  • Designated as the first point of contact for brokers.
  • Assists the underwriter in the preparation of business, and metric reports; assists in the review of procedures to resolve issues.
  • Trains and provides oversight of less experienced support staff.
  • Performs quality control of premium audit statements prior to underwriting review; documents discrepancies and work with the premium auditor for resolution.
Responsibilities

In addition to the traditional UA duties, this role will:

  • Support regional UA Manager in overseeing all daily business activities and act as the first point of call for all UAs in the region
  • Review new submissions against prescribed criteria to determine if risk qualifies for LOB risk appetite.
  • Performs a comparison of renewal submission information against prior year information and documents differences for underwriting
  • Renewals - prior to policy expiration, reviews policies for manuscript endorsements and initiates the manuscript endorsement approval process on behalf of underwriting.
  • Issues policies, endorsements, and cancellations; prepares policy writing instructions and premium billings, and processes individual policy filings.
  • Completes loss rating and develops initial pricing, basic coverage structuring, quotation, and binder packages on behalf of the underwriter.
  • Designated as the first point of contact for brokers.
  • Assists the underwriter in the preparation of business, and metric reports; assists in the review of procedures to resolve issues.
  • Trains and provides oversight of less experienced support staff.
  • Performs quality control of premium audit statements prior to underwriting review; documents discrepancies and work with the premium auditor for resolution
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