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

AIG 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. AIG General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world. AIG’s underwriters help to find insurance solutions for risks from a range of areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients and High Net Worth individuals.

About the role

What you need to know:

• Profit and loss responsibility for assigned recreational marine portfolio and responsibility for profit-driven expansion of this segment.
• Managing and leading the recreational marine team reporting into the PCM DACH
• Underwriting of new business according to specifications. This includes the acquisition of new intermediary relationships (DUAs) according to internal framework and compliance standards.
• Serves as the main point of contact in the recreational marine insurance area from the executive level of our business partners.
• Continue to refine existing and develop new pricing bases and related tools.
• Evaluating and quoting recreational marine risks within the given underwriting authority. This includes establishing and servicing international programs as well as offer individually priced risks with company provided tools issuing quotes and coverage commitments within the scope of granted authority.
• Regularly review existing underwriting guidelines and participate in adjusting them.
• Continue to develop AIG's own terms and conditions as well as evaluate and work with broker terms and conditions.
• Regularly monitor technical developments in the field of recreational marine and derive measures regarding our portfolio as well as our underwriting appetite.
• Monitor market developments relevant to sales, as well as derive actions for our own portfolios.
• Representing AIG interests in various association committees.
• Search for new target groups, design of new insurance concepts including assistance in the design of their administrative needs. This includes the new development as well as further development of existing IT systems.
• Analysing responsibly managed portfolios for any need for remediation and implementing the measures to be derived from this. This includes analysing claims data and deriving actions for our underwriting.
• Conduct training of recreational marine products sold by AIG to various stake holders;
• Works closely with AIG Marine Risk Consulting (MRC), Marine Actuaries, Marine Claims, Multinational, Legal and Finance.
• Regular interaction with other AIG Profit Centers as well as the Sales Unit to identify and address cross-sell opportunities is essential.
• Adherence to internal company as well as legal compliance requirements.

Requirements:

• Bachelor's Degree, Marine/Transport degree a plus several years Industry Experience
• Completed studies in law, economics, or comparable courses of study (master's degree an advantage)
• Several years of (also international) professional experience in underwriting Marine risks
• Good knowledge of the DACH Marine insurance market including the competitive landscape
• Negotiation skills with brokers and effective interaction with clients and internal AIG colleagues at all levels
• Ability to exercise independent judgment and make critical business decisions effectively while knowing when to collaborate or escalate
• Ability to develop and implement underwriting and marketing strategies as directed
• Strong interpersonal, organizational, communication, analytical, and problem-solving skills
• Communication skills, clear and concise language both in German and English
• Your contact person:

Why we are the best choice:

We offer you a variety of tasks for self-determined activity in a digital and international environment with flexible working hours and smart working. We work in flat hierarchies with real opportunities for creativity. Teamwork is our top priority. Regular Diversity & Inclusion events as well as virtual sports activities, corporate benefits and bike leasing round off our working environment. Additional benefits such as 30 days of vacation per year, days off on December 24 and 31, company pension plans and capital-forming benefits are a matter of course for us.

Have we aroused your interest? Then we look forward to receiving your CV with details of your salary expectations and earliest possible.

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

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 belonging

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 inclusion 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 honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides 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.

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 candidatecare@aig.com.  

Functional Area:

UW - Underwriting

AIG Europe S.A. (Germany branch)