Regional Property Wording Specialist

Posted:
9/16/2024, 4:35:28 AM

Location(s):
Manchester, England, United Kingdom ⋅ City of London, England, United Kingdom ⋅ England, United Kingdom

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Legal & Compliance

Join us as a Regional Property Wording Specialist to grow your career at the forefront of Property insurance.

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

The Policy Wording Specialist’s role is critical in delivering the superior products that are central to AIG’s reputation as a leading global insurance organization. Key responsibilities include:

  • Reviewing, analyzing and providing guidance to UK underwriters on Commercial Property policy language, and drafting endorsements to ensure that the wording is clear and unambiguous, complies with AIG’s global policy wording standards and reflects underwriting intent.
  • Partner with Legal, Claims, Compliance and Regulatory to ensure that policy language meets AIG requirements.
  • Responding to underwriter questions, coaching them on policy wording best practices and developing and delivering policy wording training.
  • Drive coverage certainty by establishing policy wording guidelines and counseling underwriters on best practices.
  • Review competitor forms and make recommendations to the Global Property Wording Manager on acceptability of those forms and required endorsements.
  • Draft manuscript endorsements to AIG’s standard policy forms and create bespoke endorsements for third party policy forms to address client-specific exposures and align with underwriting intent.
  • Work with Underwriting, Claims and Legal in drafting new policy forms and endorsements.
  • Support the Global Property Wording Manager in maintaining and updating manuscript policy checklists to ensure that policy reviews match AIG’s underwriting intent.
  • Develop training to help underwriters better understand the importance of policy wording.
  • Contribute to Underwriting Bulletins and other communications to provide underwriters with direction and insight on policy wording and usage.
  • Support the development and implementation of the Global Policy Forms Library and Digital Workflow.

What you’ll need to succeed

  • Written and Oral Communication – Experience of policy language analysis and drafting experience, preferably in Property, or alternatively, experience of drafting experience and experience of Property underwriting; ability to break down difficult concepts to provide clear and succinct explanations to underwriters and other stakeholders.
  • Knowledge – Experience with UK Property markets and policy forms; International experience and knowledge of wordings and insurance legal environment a plus
  • Flexibility – Proficiency in both working independently and collaborating with others in a team environment across multiple disciplines.  
  • Prioritizing and Time Management – Able to manage time effectively, capable of prioritizing projects and responding promptly in an appropriate manner.
  • Client Service – Ability to anticipate client (internal and external) needs and act proactively.
  • Problem Solving – Identify problems and deliver appropriate solutions.
  • Attention to Detail – Demonstrate attention to detail and maintain accurate documentation.
  • Learning Agility – Willingness to continually learn from experiences and new situations.
  • Forms Management – Experience in building out and maintaining forms libraries a plus.
  • Microsoft Office – Proficiency in Word, Teams and PowerPoint required, familiarity with Excel preferred.

Ready to take your career to the next level? We would love to hear from you.

#LI-AIG

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 [email protected].  

Functional Area:

UW - Underwriting

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd

American International Group

Website: https://aig.com/

Headquarter Location: New York, New York, United States

Employee Count: 10001+

Year Founded: 1919

IPO Status: Public

Industries: Commercial Insurance ⋅ Financial Services ⋅ Health Insurance ⋅ Insurance ⋅ Lending ⋅ Life Insurance ⋅ Property Insurance ⋅ Real Estate Investment ⋅ Retirement ⋅ Risk Management