Product Line Officer, Commercial Insurance - AIG Programs & Glatfelter Insurance
At AIG, we are reimagining the way we help customers to manage risk. Join us as a Product Line Officer, Commercial Insurance 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
Glatfelter Insurance Group is an all lines, full-service insurance broker that markets property, casualty, life, accident and health insurance products and risk management services on both a retail and wholesale / specialty basis throughout the country. Glatfelter Insurance Group offers specialty programs for emergency service organizations, home healthcare agencies, senior living organizations, religious organizations, car wash businesses, municipalities, K-12 public and private schools, independent school bus contractors and water-related entities.
American International Group, Inc. completed its acquisition of Glatfelter Insurance Group in November 2018. As part of AIG, Glatfelter brings a high-quality specialty programs business, a demonstrated track record of strong underwriting results and proprietary program management technology that is expected to accelerate the strategic positioning of AIG’s General Insurance business.
How you will create an impact
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…