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Senior Underwriter, Construction

2 weeks ago

Singapore AIG Full time

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

We’re also committed to making a positive difference for our colleagues and in the communities where we work and live. 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.

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.

About the role

What you need to know:

- Assess and underwrite profitable Construction business in line with your underwriting authority, as well as the AIG's business strategy and underwriting guidelines.
- Work closely together with our risk engineering, claims and analytical support teams to assess risk quality and loss exposures, determine appropriate pricing and ensure operational efficiency.
- Actively seek and lead new account opportunities, negotiate contract terms with brokers and clients.
- Adhere to company procedures and documentation management standards.
- Ensure that underwriting information is maintained accurately in underwriting systems.
- Foster strong business relationships with external and internal business partners.
- Attend client/broker meetings, presentations and relevant industry events on behalf of the company.
- Work cross functionally with other underwriting teams in AIG to achieve corporate objectives.

What we’re looking for:

- Minimum 7 years’ experience underwriting profitable business in the Engineering & Construction segment of large corporate international insurance
- Preferably, you have a degree either in Engineering/Construction, economics, law or other appropriate discipline
- Recognized relationships with clients and brokers at peer group level and are well established within the market
- Specialized understanding of regional / local Engineering & Construction insurance markets and competitor landscape
- Capable of leveraging data and analytics to make business more efficient and effective
- Good understanding of the legal and regulatory environment
- Able to design, develop and implement consistent, robust wordings for contracts.
- Strong analytical skills and proficient working knowledge of Microsoft Excel.
- Strong IT skills capable of working off a variety of technology platforms including underwriting platforms, raters, electronic trading platforms
- Results oriented and highly accountable.
- Effective interpersonal and communication skills.
- Ability to work in a fast-paced environment making quick decisions while adhering to sound underwriting discipline.
- Foreign language skills are a plus.

LI-LY1

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. 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:

- Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:
UW - Underwriting

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Asia Pacific Insurance Pte. Ltd.