Head of A&H Product Development

Head of A&H Product Development, South Korea

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

AIG’s Long Term Product Development team is at the forefront of AIG Korea’s Personal Insurance business, focusing on new coverages and products, pricing strategy, and management of existing products. Frequent interactions and collaboration with major functions such as distribution, PI strategy, marketing, customer service, claims, and Portfolio Management are essential for this team.

How you will create an impact

• Responsible for developing and implementing profitability and growth strategies of products in support of financial goals.
• Monitor emerging risks and trends. Develop product pricing strategies to address risks. Introduce new and enhanced coverages as appropriate by working with various third parties like reinsurers and service providers.
• Responsible for implementing new products and ensuring A&H remains competitive on risks that meet pricing and underwriting standards.
• Drive growth and profitability while working with various stakeholders to develop and implement market-specific strategies aimed at supporting the entire portfolio.
• Develop and maintain relationships with internal underwriting, distribution, IT, and operations teams to provide excellent customer focus that meets client needs.
• Provide leadership and guidance to the Product Development team, fostering skill development.
• Build a culture of collaboration and performance to achieve team and company goals.
• Ensure that appropriate guardrails are in place for the business, including adherence to Legal, Compliance, Risk, and Audit’s governance framework.
• Drive consistent sales planning excellence across A&H products by assisting in establishing and ensuring adherence to risk appetite, underwriting standards, and guidelines.
• Develop and ensure SI (sum Insured) and pricing adequacy for the products. Make adjustments when necessary to ensure profitability through regular revision processes.

What you’ll need to succeed

• Sufficient work experience with accidental and health product development or pricing of Life or Non-Life insurance.
• Strong ability in delivering new product ideas within accidental and health product lines.
• Deep knowledge of actuarial science; qualified actuary is a plus.
• Ability to work with various distribution channels.
• Early adopter and visionary with an innovative and disruptive mindset, demonstrating the ability to adapt product, marketing, and acquisition tactics in response to market and industry insights.
• Strong business acumen with a proven track record of making sound judgments backed by strong analytical skills.
• Proven ability to lead, motivate, and gain commitment and trust from direct reports and colleagues.

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. It is an exciting time to join us — we are thinking in new and innovative ways to deliver ever-better solutions to our customers.

Welcome to a culture of belonging

We’re committed to creating a culture that respects and celebrates each other’s talents, backgrounds, cultures, opinions, and goals. We foster a culture of inclusion and belonging through our flexible work arrangements and diversity and inclusion learning.

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.