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Underwriter, Retail Property

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.

How you will create an impact

  • This role will focus on underwriting new and renewal business to help drive the profitable growth of our Retail Property business.

  • You will be responsible for assessing the desirability of risk through regular contact with brokers, close co-ordination with AIG subject matter experts and robust reviews of claims history and general company information.  

  • Your relationships with brokers will be key to your success. You will need to provide excellent service to brokers through a consistent, timely, and proactive approach to underwriting. You will also aim to generate new business by expanding your broker network, attending broker events, and building new relationships across the market – in line with a sales plan established with your manager.

  • Another key aspect of the role is the provision of accurate monthly management information including submissions, bind rate, average premium, and total premium.

What you’ll need to succeed

  • Underwriting experience is preferred; however, you are welcome to apply if you have other relevant professional experience.

  • The ability to analyze financial statements.

  • Strong communication, networking and relationship building skills.

  • Good organizational and time management skills.

  • Customer and Sales orientated behaviors: motivated, tenacious, focused, technically skilled, proactive, and accountable.

Ready to prove your potential? We would love to hear from you.

For positions based in Los Angeles, California, the base salary range is $65,000-$73,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here:  2025 Benefits Summary

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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 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 inclusion 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 candidatecare@aig.com.  

We consider qualified applicants with criminal histories, consistent with applicable law.

Functional Area:

UW - Underwriting

Risk Specialists Companies Insurance Agency, Inc.

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Average salary estimate

$69000 / YEARLY (est.)
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$65000K
$73000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Underwriter, Retail Property, AIG

As an Underwriter for Retail Property at AIG in sunny Los Angeles, you will be stepping into an exciting opportunity to make a real impact in the insurance sector. Whether you have some experience in underwriting or are transitioning from a related field, this position is perfect for you. You'll be at the forefront of underwriting new and renewal business, actively contributing to the growth of our Retail Property division. Your daily routine will involve engaging with brokers, analyzing risk through the lens of financial statements and claims history, and utilizing your keen communication and networking abilities to build strong relationships. As you expand your broker network by attending events and nurturing new connections, you'll play a crucial role in driving our sales strategy. Your critical thinking will come into play as you provide detailed monthly management reports covering crucial metrics such as submissions and premiums. While prior underwriting experience is preferred, we welcome applicants with relevant skills who are motivated and eager to learn. AIG not only provides a competitive salary and bonus structure but also a variety of benefits designed to foster your professional development and personal wellbeing. Ready to prove your potential? Don't hesitate to reach out, as we are excited to hear your story!

Frequently Asked Questions (FAQs) for Underwriter, Retail Property Role at AIG
What are the responsibilities of an Underwriter at AIG in Los Angeles?

The Underwriter role at AIG in Los Angeles involves assessing and underwriting new and renewal business for our Retail Property division. You will evaluate risks, maintain regular communication with brokers, and use your analytical skills to review financial statements and claims history. Additionally, you'll generate monthly reports on submissions and premiums to help track the business's growth and profitability.

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What skills are needed to be a successful Underwriter at AIG?

To excel as an Underwriter at AIG, strong analytical abilities are crucial for assessing risks accurately. Excellent communication and relationship-building skills will enhance your interactions with brokers, while organizational skills will help you manage your workload effectively. Sales-focused behaviors are essential, as the role involves generating new business and expanding your broker network.

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Is previous underwriting experience required for the Underwriter position at AIG?

While prior underwriting experience is preferred for the Underwriter position at AIG, the company is open to candidates with transferable skills from related fields. If you have strong analytical capabilities, good communication skills, and a customer-oriented mindset, you are encouraged to apply!

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What kind of educational background is desirable for the Underwriter role at AIG?

AIG prefers candidates for the Underwriter role to have a background in finance, business, or insurance. However, possessing relevant certifications or equivalent experience in risk assessment, sales, or financial analysis can also be advantageous. Continuous learning and a commitment to professional development are valued highly.

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What are the career growth opportunities for an Underwriter at AIG?

AIG fosters a culture of growth and professional development. As an Underwriter in the Retail Property division, you will have opportunities to advance your career within the company, potentially moving into more senior underwriting roles or specialized areas within insurance. AIG actively supports ongoing education and will invest in your career trajectory.

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Common Interview Questions for Underwriter, Retail Property
Can you describe your experience with risk assessment as it pertains to underwriting?

In answering this question, emphasize your analytical skills and any relevant experiences, such as evaluating financial statements or previous roles that involved risk assessment. Use specific examples to illustrate how you identified potential risks and contributed to decision-making.

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What strategies do you employ to build relationships with brokers?

Discuss your interpersonal skills and provide examples of successful strategies you’ve used in the past, such as regular communication, understanding their needs, and attending industry events to network. Highlight your proactive approach to service and relationship management.

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How do you stay updated on the current trends in the insurance industry?

Mention specific resources you utilize, such as industry publications, webinars, or professional networks. Demonstrate your commitment to continuous learning and staying informed on market changes and regulations to enhance your underwriting practices.

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What is your approach to underwriting new and renewal business?

Explain your systematic process for reviewing new applications or renewals. Discuss how you gather information, analyze risks, and make informed decisions while balancing customer service. Highlight your focus on driving profitability and maintaining strong relationships.

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Tell us about a challenging underwriting decision you had to make.

Share a specific situation where you faced difficulty in the underwriting process. Discuss the factors you considered, how you evaluated the risks, and the outcome of your decision. This will showcase your critical thinking and problem-solving abilities.

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How would you handle a situation where a broker is dissatisfied with your underwriting decision?

Emphasize your communication skills and ability to listen actively. Describe how you would empathize with the broker's concerns, clarify the rationale behind your decision, and work collaboratively to explore alternative solutions that meet their needs.

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What metrics do you believe measure success in an underwriting role?

Discuss metrics such as bind rate, loss ratio, and customer retention rate. Explain how each reflects an Underwriter's effectiveness and the importance of balancing profitability with strong relationships with brokers and clients.

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Can you explain your experience with data analysis in underwriting?

Provide details about any tools or software you’ve used to analyze underwriting data. Discuss how you leverage data analysis to make informed underwriting decisions, identify trends, and optimize processes to enhance operational efficiency.

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Why do you want to work as an Underwriter at AIG?

Reflect on what attracts you to AIG specifically—whether it's the company's commitment to innovation, its comprehensive benefits package, or its culture of inclusion. Align your response with your professional goals and how you see yourself contributing to AIG's mission.

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What do you consider the most important qualities of a successful Underwriter?

Discuss crucial qualities such as analytical skills, attention to detail, strong communication, and the ability to adapt to changing market conditions. Use examples to illustrate how these qualities have shaped your experiences and success in insurance.

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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 ou...

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Full-time, on-site
DATE POSTED
April 12, 2025

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