Total 4 job vacancies by Aig Asia Pacific Insurance Pte. Ltd.

As a Leader, you are respected for your deep technical expertise and/or ability to oversee programs and processes. You balance the needs of multiple stakeholders, making sound decisions using data, analysis, experience, and judgment, along with a risk mindset. Ultimately, you take ownership for key outcomes. This role will report to the APAC Head of Marine.

•    Drive the marine business by achieving profitable growth (sales, underwriting, operations, & overall portfolio management).
•    Develop strategic plans by identifying growth opportunities, new business segments, new product opportunities to support growth objectives.
•    Manage and grow distribution channels (including Broker, Cedant and Agent) by strengthening existing relationships, develop new producers that will help drive our financial objectives.
•    Implement strategies for continuous renewal preservation, operational efficiency and compliance.
•    Maintain and develop key relationships with Major Clients and Brokers
•    Manage, mentor and the develop the team to be production underwriters that will meet their performance objectives.
•    Collaborate with the wider APAC Marine Team in support of regional marine ambitions
•    Financial forecasting and Monthly Business reviews with senior leadership
•    Achievement of growth, profitability and expense management objectives
•    Maintain active pipeline target / prospecting listings
•    Adherence to all underwriting guidelines, standards and practices.
•    Any other tasks that may be assigned by the Manager from time to time.

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Underwriter in Casualty business 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.

How you will create an impact

• This role will focus on underwriting new and renewal business to help drive the profitable growth of our Casualty business (direct/RI) across WICA, Public/Products Liability Environmental Liability and Crisis/Recall.

• You will be responsible for assessing the desirability of risk through regular contact with brokers/agents, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information. 

• Strive to meet profit center and personal new business budget targets.

• You will be involved in day-to-day servicing of existing portfolio – both renewals and new business.

• Manage referrals to management to support underwriting decisions and actions.

• Identify business opportunities and convert ideas to reality through product development and enhancement.

• Partner internal stakeholders - Actuarial, Claims, etc. on complex risks and to achieve corporate objectives.

• Enhance and build on AIG's standing and profile in the market.

• Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.

What you’ll need to succeed

• Proven experience in underwriting Casualty products.

• Desire to develop and foster relationships both within the company and with producers.

• The ability to analyze financial statements and data to make accurate assessment of risk.

• Analytical individual with strong business acumen.

• 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.

• Self-motivated and able to use initiative to resolve issues.

• Ability to maintain a flexible approach in a changing work environment.

Functional Responsibilities

• Managing key claims handling enquiry; coverage determination, quantum analysis and legal liability assessment, where appropriate within authority limits and providing a consistently strong standard of customer service.

• Ensuring effective vendor and litigation management on Complex claims within a personal allocation

• Broader internal / external stakeholder communication where required

• Strive for continuous improvement on claim file handling with feedback and support through the Quality Assurance Review processes

• Contribute to maintenance of best practice procedures for A&H intermediate to high value Complex claims, consistent with global best practice

• Demonstrate a high standard of technical claims competence. Demonstrate a strong standard of competence in handling intermediate to advanced complex claims in A&H.

• Manage Third Party Administrators to ensure that they adhere to the claims handling guidelines and meet the agreed deliverables. This would include conducting audits and checks. Provide technical advice to Shared Services.

• Any other projects/tasks which may be assigned to you from time to time.

Accountabilities

• Timely, accurate and customer focused claim resolution, minimizing indemnity exposure and mitigating vendor and legal expense

• Effective communication of key advanced Complex claims and A&H portfolio messages to internal stakeholders.

• Financial control through consistent reserve and other financial transaction discipline

• Accurate and consistent policy interpretation

As an experienced member of the team, you are respected for your deep technical expertise and/or ability to oversee programs and processes. You balance the needs of multiple stakeholders, making sound decisions using data, analysis, experience, and judgment, along with a risk mindset. Ultimately, you take ownership for key outcomes.

• Ensure that production growth targets are achieved.

• Execute strategic business plans to achieve profitable growth in line with Profit Centre & country targets.

• Ensure adherence with all underwriting guidelines and bulletins.

• Manage the portfolio in profitable and sustainable growth, closely following claims activity trends.

• Ensure adherence with all reporting requirements.

• Review, analyze and underwrite new and renewal business within underwriting authority.

• Provide technical direction to underwriters in the Profit Centre.

• Negotiate terms and conditions with clients and broker.

• Keep abreast of market changes and trends. Provide strategic direction for new business / new product development.

• Develop and maintain strong personal and professional relationships with clients.

What you’ll need to succeed

• Strong understanding of the Singapore and Asian Commercial Property market and landscape.

• Strong relationships with Singapore based direct and reinsurance brokers.

• Strong relationships with Asian Cedants located in Malaysia, Indonesia, Thailand, China, Korea and Vietnam.

• Strong technical knowledge of both direct and reinsurance contracts.

• Knowledge of insurance and Facultative Reinsurance placements.

• Understanding of multinational insurance programmes.

• Analytical individual with strong business acumen.

• Strong negotiation skills.

• Good team player with excellent interpersonal skill.

• Self-motivated and uses own initiative for both internal and external issues.

• Capabilities to maintain a flexible approach in a changing work environment.

• Proficient in Microsoft Office.