AIG Programs - Product Line Officer in Boston, Massachusetts
AIG Programs/Glatfelter - Product Line Management Responsibilities
General Liability; Professional Liability; D&O
Actively manages the following commercial insurance product lines: General Liability (including Farm); Automobile (including trucking); Garage; Directors and Officers; Employment Practices Liability; Professional Liability; Umbrella.
Portfolio analysis and management; develops and implements strategies to maximize penetration of a single insurance product line, compliance with filings in terms of products, loss costs; technical price adequacy.
Technical expert approving all PA Underwriting Authorities, proprietary and manuscript form requests (which may include providing suggested wording), as well as form approval management on admitted business.
Serves as the technical expert for referrals and exercises authority with regards to underwriting issues, underwriting guidelines (Qwiknotes) for the product line managed.
Provides technical support to PM's, PLM’s and Product Development team on new and existing business portfolios.
Manages product line objectives to annual goals, makes decision in response to market conditions and provides product specific training. This position is accountable for overall performance of the product line.
Evaluates work of staff, as well as make recommendations regarding pay, performance management to other staff dedicated to the product line.
Role expanding to include quarterly reporting on results (month of; and YTD) by line in terms of premium, renewal retention, aggregate rate achieved vs. needed; new large losses; adverse loss development; profit improvement strategies; manage adverse trends; ISO loss cost management tactics; product management update.
Manages large claims, including internal inquiries to new losses, coordinating the division response to AIG senior claims team.
Coverall NexGen Transition – liaison for their respective product lines.
- Provide technical support to Program Managers
Reinforce natural catastrophe risk management initiative:
Verify compliance with newly released guidelines
Suggest additional topics or actions that will further insulate GIG from an outsized loss
Create new tools and strategies to manage risk aggregations and AAL’s at a program and risk type level.
Act as a product line expert on existing business, inclusive of identifying actions to further de-risk the portfolio
Provide guidance on form and coverage revisions during triennial program reviews
Provide insight on forms options currently available at AIG
Suggest new coverage options to further enhance existing product offerings
Provide insight on rating options currently in use at AIG
Establish enhanced underwriting best practices and guidelines across all programs, inclusive of working with CUO
Casualty underwriting/underwriting management experience.
Strong understanding of Admitted/Non-Admitted business requirements.
Programs experience preferred.
Knowledge of ISOnet; existing relationships with ISO preferred
Able/willing to travel (20% of the time
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.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
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UW - Underwriting
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
Lexington Insurance Company
We're a leading global insurance organization with operations in approximately 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units.
What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.
We’re also committed to doing the right thing for our people and the communities where we work and live. It’s why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (https://twitter.com/AIGinsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.