Underwriter

Underwriting Analyst, AIG Malaysia

This Underwriter role will be an ideal next step in your career if you already have some relevant experience in insurance – or this could be your entry into underwriting if you have transferable skills.

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.

About the role

What you need to know:

Description:

The staff is expected to manage:

Renewal Review
a) Major job function is to take over renewal review. Renewal review need to be completed on weekly basis as every weekend, is renewal run for renewal notice printing.
b) The job will include finding new ways for easier and faster review to be done by way of system enhancement and collaboration with other units where required. To actively liaising with IT and system vendor to get this done. Also ways to reduce the review number hence the time taken will be meaningful used for other initiatives.

Product/benefits development
Assist Underwriting Manager for product development which should include preparing the policy wordings, liaising with IT and system vendor on system development as well as working with pricing for product/benefits rating and system testing.

Regulatory Requirement including product/pricing filing
Assist Underwriting Manager to look into and implement any regulatory requirement that may include system enhancement.

Branches Support
The staff will also be responsible to support branches with any enquiries pertaining to underwriting, policies terms and conditions, policies and endorsements premium checking under de-tariff.

Local underwriting
The staff is also required to:
i) check the underwriting validations and pricing correctness based on the info provided by agents in our policy system and liaising with branches for rectification and collection of correct premium where required;
ii) be the contact point on UQA/Internal/External audits;
iii) oversee the Safe Harbor report on quarterly basis and ensure the report will be sent to Regional office on time;
iv) update blacklist list identified via sanction screening, advise from Claims on fraud claimant or frequent claimant etc as and when required.

What we’re looking for:

Requirements

• 5 + years of experience’ in related field (preferably experience in Auto)
• Minimum qualification: Diploma, Bachelor’s Degree and above
• Preferably from Insurance or Banking industry
• Strong analytical, and problem-solving skills
• Must have good command of English
• Computer literate and a proficient user of MS Office applications.

#LI-SK1

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 inclusion

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 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 [email protected].  

Functional Area:

UW - Underwriting

AIG Malaysia Insurance Berhad