Underwriter-Marine Production

Marine Production Underwriter

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Marine Production Underwriter to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

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 primary function of this position is to market and underwrite a specialized and sophisticated product to a unique market. Specifically, the functions are:

A.New Business

Market marine insurance through a focused distribution system of select producers. This includes producer training as well as motivation and guidance. It involves repeated sales efforts and personal relationships built up over time. This position includes various marketing functions such as: Initiating and managing campaigns to AIG’s defined target market including the monitoring and follow-up of responses. Assisting producers to develop a target market prospect list. Accountable for production growth and profitability of the Malaysia marine portfolio Achieving the set individual budget and helping team achieve the team budget.

B.Secured Business

Servicing bound business is a key function with the specific objective to:

Develop long-term relationships with the Insured. Strengthening personal relationships with the Insured. Provide quick turnaround on any of the Insured’s policy / quotation requirements. Ensure the smooth renewal of existing policies.

C.Underwriting

The position requires the candidate to be a team player and meet with insureds and buyers and take the opportunity to review their operations and evaluate risk factors. A close relationship with underwriting colleagues, PCM, APAC Regional Underwriter, other Commercial Lines team members, insureds and producers is necessary. The candidate will help underwrite marine cargo and marine liability insureds. The candidate must assess whether each Insured’s underwriting and risks profile is in line with Company’s underwriting guidelines. Other responsibilities include;

• understanding the approved policy forms, terms and conditions;
• preparing an underwriting worksheet to structure a quotation for approval within own authority or authority of PCM in Malaysia or APAC Regional Underwriter.
• Negotiating with prospect’s senior management to bind the program
• Ensure all the administrative functions are effectively performed to issue the policy.
• Assist in preparing production and budget reports.
• Ad hoc assignment / project assigned.

What you’ll need to succeed

• University Degree majoring in Management (or equivalent)
• 3 - 5 years marine underwriting experience is preferred
• Good speaking and writing skills (in Bahasa Melayu and English)

Ready to step up to new challenges? We would love to hear from you.

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: