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Head of Commercial Property for Corporate Segment

Zoek Pin Pakhru-in, Kangra, Himachal Pradesh

AS PER THE INDUSTRY

Permanent (Full time)

Posted 10 days ago

Functional Area UW - Underwriting Estimated Travel Percentage ( PERCENT ) Up to 25 PERCENT Relocation Provided No AIG General Insurance Company, Ltd. Job Purpose Responsible for driving underwriting excellence and profitable growth for Commercial Property with clients & producers (mainly in the Corporate Segment) that seek standard market product solutions at a high level of service. The areas of responsibilities include, but are not limited to, strategy development and implementation, underwriting policy development and implementation, people management, implementing operational efficiency initiatives, budget preparation and reporting, new product development and distribution channel development across segments while managing team of underwriters. Responsible for working across Commercial Property including SME to align appetite and strategies across industry verticals to create a sustainable and profitable platform to address the horizontal needs of the customer. Job Responsibilities Develops and implements strategies to maximize penetration, growth and profitability of Commercial Property Works closely with Corporate Segment across Product Heads to align industry verticals and segment strategies Collaborates with Distribution, Marketing, Multinational, Claims & Operations, Technology, Training and Sales Management in supporting and/or promoting Commercial Property insurance strategies Develops and executes strategic plans for entry into new markets or the development and introduction of new products and services Works closely with Claims and Actuary to analyze and predict claim trends and provide input on policy coverage and interpretation Has product, channel, area and client segment underwriting views to ensure profitable growth for Property products via enhanced portfolio underwriting tools and data analytics Develops underwriting policies, procedures and guidelines, and delegates underwriting authorities Develops and analyzes competitive intelligence for product, price and underwriting Represents Property Product interests with regulators, auditors and other internal or external entities that may have an interest in the underwriting guidelines, practices, authorities or risk appetite Achieves budget for Commercial Property, and reports to senior management Continuous responsibility to improve operational efficiency within the Property tower by working with Operations, Systems and Claims and maximizing existing resources and shared services. Plans, manages and mentors staff, develops bench strengths underwriting skills and/or product knowledge, and ensures adherence to underwriting guidelines and any other internal standards Engages Risk Engineering Key Relationships Internal Interactions (Within the Organization) Commercial Property in Corporate/SME, ./International, and Regional personnel Corporate segment leaders in Marketing/Customer Experience and Distribution divisions OpCo, Regional, International and . Commercial Property Claims, Actuary, Operations, Multinational, Data & Analytics Department, Risk Engineering, Reinsurance, Enterprise Risk Management External Interactions (Outside the Organization) FSA and other regulatory bodies Associations related to Property products Independent Agents, In-house Agents, Brokers, Case Agents Clients Required Skills and Experiences Educational Qualification Bachelor Degree or equivalent Specific Qualifications Business level English Analytical and quantitative skills Strong communication and presentation skills High levels of emotional intelligence The ability to drive change in a collaborative and sustainable way A strong self-starter with a desire to take ownership 8 years working experience in insurance, broking or risk management Analytical and quantitative skills Knowledge of market segmentation, portfolio management, acquisition and distribution High levels of emotional intelligence and collaboration, preferable experience in a matrix organization Change management and team leadership experience Total Experience 5 years of management experience 8 years of experience in product or relevant functions 8 years working experience in insurance or relevant industry It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. 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. 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.

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