AIG Underwriter Reviews | Glassdoor

AIG Underwriter Reviews

Updated July 24, 2017
118 reviews

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Underwriter

3.0
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AIG President & Chief Executive Officer Brian Duperreault
Brian Duperreault
2 Ratings

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  1. Helpful (5)

    "Prestigious company with great benefits other than pay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technical Underwriter in Atlanta, GA
    Current Employee - Technical Underwriter in Atlanta, GA
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at AIG full-time (More than a year)

    Pros

    The people are incredible. An extremely communal environment, where even your boss is one of your work friends. Great benefits (401k, PTO, travel)

    Cons

    Pay... lower than the industry average. Sometimes it feels like they are not treating you fairly with compensation in terms of dollars. The benefits are great but still money is money!

    Advice to Management

    Pay your employees fairly!! Give them raises and pay bumps when they're performing at a high level. It doesn't make sense to keep letting talent leave due to money... and then hire them back in the future for more money than they asked for in the first place


  2. Helpful (1)

    "Underwriting Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriting Consultant in Dallas, TX
    Current Employee - Underwriting Consultant in Dallas, TX
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at AIG full-time (More than 10 years)

    Pros

    Good benefits. Great people/ teams.

    Cons

    Poor compensation for current employees. No work life balance.

  3. Helpful (3)

    "Be Wary"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriting Analyst in Los Angeles, CA
    Current Employee - Underwriting Analyst in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at AIG full-time (Less than a year)

    Pros

    PTO and 401K benefits are strong, remote work is increasingly possible for employees, people are friendly and accessible. You are also given early responsibility, whether or not you're ready or trained, this can be a pro or con depending on your personality.

    Cons

    Lack of consistent strategy, insane turnover, frequent layoffs and restructurings, lack of "soft perks," limited upward opportunity, you will be expected to work much more than is stated, poor training and wanting upper-middle management. Antiquated technology, loss of institutional knowledge and understaffing are also issues.

    Advice to Management

    Focus on building a company where people want to work and are empowered to deliver results that benefit clients and shareholders.


  4. "Financial Lines Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter in New York, NY
    Former Employee - Underwriter in New York, NY

    I worked at AIG (More than a year)

    Pros

    Professional environment
    provide good training for employees
    has good facility/nice location
    nice colleagues
    Organise many activities (work/life balance)

    Cons

    heavy system (Underwriting system), billing/expense systems, administration system which takes more time to log in than do it myself
    bureaucracy sometimes. Many layers to report
    Regionals are indecisive sometimes during emergency time
    lack of flexibility, too many rules/regulation which cause lack of competitive in the market


  5. "Aig"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Underwriter in Dallas, TX
    Current Employee - Senior Underwriter in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AIG full-time (More than a year)

    Pros

    Great work environment, good benefits, good coworkers, great 401k and vacation time. Very good flexibility salary and bonus are nice

    Cons

    Corporate changes, there will be a new CEO systems need to be upgraded however everything is on hold until the new CEO is in place

    Advice to Management

    Better communication


  6. Helpful (6)

    "Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Commercial Underwriter in Boston, MA
    Current Employee - Commercial Underwriter in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at AIG full-time (More than 3 years)

    Pros

    Work-life balance, flexibility, location, nice co-workers

    Cons

    Everything is data/analytic driven rather than letting us underwrite a risk, there is no senior management with an underwriting background, everyone is leaving due to new CoE process in India and account rating strategy, upper management is detached and has no idea or pretend not to know how miserable everyone is. Morale is terrible and they can't get anyone of quality to fill open positions because everyone in the industry knows that AIG is a mess.

    Advice to Management

    Hire a CEO with an underwriting background, give raises!!


  7. Helpful (3)

    "Regional underwriting manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Regional Underwriting Manager
    Current Employee - Regional Underwriting Manager
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at AIG full-time (More than 10 years)

    Pros

    Flexibility to work from home, PTO

    Cons

    Constant layoffs, no raises for more than 7 years, reduced responsibility, aloof senior management, executives are so self absorbed and out of touch they think the employees are motivated to work, people have jobs at AIG, not careers.

    Advice to Management

    Try talking to your employees, give some of the long timers some appreciation for staying. By the way - this company is at high risk for a class action age discrimination law suit. There has been a blantent effort to rif the grey hairs out of the company that make good salaries

  8. Helpful (5)

    "Regional Underwriting Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriter in Chicago, IL
    Current Employee - Underwriter in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at AIG full-time (More than 10 years)

    Pros

    Flexible, caring management staff, good benefits, work from home options, good business products;

    Cons

    No salary increases, difficult to make decision that take 7 leadership level approvals, lack of true career paths

    Advice to Management

    Work on developing talent and providing a solid career path; provide job competencies to reach the next level;


  9. Helpful (4)

    "Underwriting Assistant Sr"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriting Assistant in Indianapolis, IN
    Former Employee - Underwriting Assistant in Indianapolis, IN
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at AIG full-time (More than 10 years)

    Pros

    The people at AIG are wonderful.

    Cons

    Benefits were great but they are decreasing and eliminating them year after year. No annual pay increase is causing great employees to leave seeking better pay. Constant change in management and company structure that leaves employees unsure and uneasy. Continuous layoffs leave employees scared that they are next. Employees aren't appreciated or valued. No chance to move up in the company or for growth opportunities.

    Advice to Management

    Stabilize the company and management, bring back annual pay raises and appreciate your employees before they are all gone.


  10. Helpful (1)

    "Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriter in New York, NY
    Current Employee - Underwriter in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at AIG full-time (More than 3 years)

    Pros

    Great PTO time and 401K.

    Cons

    Terrible Health Benefits, High Deductible.
    Terrible pay. Well below US average wage. No pay increases even for the best of the best employees.
    Discrimination: I have three years of dedicated hard work and experience with AIG in my role and we just hired someone new who makes 15 to 20 K more than me. The only reason I know is because he was bragging about his salary just out of school.

    Advice to Management

    Raise pay. Increase work from home allowance. hire internally.