American International Group

Underwriter - Business Pack

American International Group

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
Full-TimeDepends on ExperienceMid-LevelBachelors
Job Description

Are you a meticulous and analytical individual with a passion for risk assessment? Do you thrive in a fast-paced environment and enjoy making data-driven decisions? If so, American International Group (AIG) has an exciting opportunity for you as an Underwriter for our Business Pack division. As an Underwriter, you will play a critical role in evaluating and managing risk for our commercial clients. We are seeking candidates with a strong understanding of insurance principles and a keen eye for detail. Join our team and take the next step in your underwriting career with a leading global insurance company.

  1. Conduct thorough risk assessments for commercial clients to determine insurance coverage and premiums.
  2. Analyze and evaluate complex data to make informed underwriting decisions.
  3. Ensure compliance with company underwriting policies and procedures.
  4. Review and interpret insurance regulations and guidelines to ensure compliance.
  5. Collaborate with brokers and agents to develop and maintain strong business relationships.
  6. Utilize underwriting tools and technology to streamline processes and improve efficiency.
  7. Analyze market trends and competitor information to make recommendations for pricing and coverage adjustments.
  8. Communicate effectively with internal and external stakeholders to provide underwriting recommendations and solutions.
  9. Monitor and manage underwriting portfolio to ensure profitability and risk management goals are met.
  10. Continuously develop and maintain knowledge of industry trends, regulations, and best practices.
  11. Identify and report potential fraudulent activities.
  12. Provide excellent customer service to clients and business partners.
  13. Mentor and train junior underwriters as needed.
  14. Collaborate with other departments such as claims and finance to ensure seamless operations.
  15. Participate in meetings and training sessions to enhance knowledge and skills.
Where is this job?
This job is located at Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
Job Qualifications
  • Bachelor's Degree In Business, Finance, Or A Related Field

  • Minimum Of 3-5 Years Of Experience In Underwriting Commercial Insurance, Specifically In The Area Of Business Pack Products

  • Strong Analytical And Decision-Making Skills, With The Ability To Assess Risk And Make Sound Underwriting Decisions

  • Excellent Communication And Negotiation Skills, With The Ability To Build And Maintain Relationships With Clients And Brokers

  • Knowledge Of Industry Regulations And Compliance Requirements, Including Understanding Of Policy Wordings, Coverage Options, And Pricing Structures.

Required Skills
  • Financial Analysis

  • Contract Negotiation

  • Product knowledge

  • Policy Analysis

  • Compliance

  • Claims Management

  • Risk assessment

  • Client Relations

  • Market trends

  • Legal Knowledge

  • Underwriting Guidelines

  • Loss Control

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Critical thinking

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Underwriter - Business Pack in Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia is approximately RM 3,500 to RM 6,000 per month. However, this can vary depending on factors such as experience, qualifications, and the specific company or industry the underwriter is working for. Some underwriters may also earn additional bonuses or commissions based on their performance.

Additional Information
American International Group is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesMalay
Job PostedApril 3rd, 2025
Apply BeforeApril 11th, 2026
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About American International Group

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

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