Purpose of the Role
This role is due purpose.
1. To handle major loss claims in Personal Lines of products (Household, Motor, Domestic Helper, but predominantly motor third party bodily injury) in Hong Kong and Macau that have a moderate to higher monetary exposure to the company.
This may include coverage determinations, investigating the loss, conducting an independent assessment as to the company's exposure, participation in developing and implementing the most cost effective and timely resolution of the claim, and quantum analysis, ensuring mitigation of indemnity and expense exposure while communicating developments and outcomes as necessary to all key internal and external stakeholders.
2. To lead a small team of complex claims handlers, each of whom has own caseload and level of reserve and payment authority.
Key Relationships : Direct reporting line to Hong Kong Head of Claims. Close working relationship with Global / regional technical manager, actuarial and underwriters
Duties and Responsibilities
1. Functional Responsibilities :
Prepares and evaluates investigation strategies, which identify critical issues affecting liability, causation and damages.
Appropriately considers opportunities for third part contribution. Makes an independent evaluation of liability and damages.
Analyses exposures and tradeoffs between defense costs and settlement / judgment costs as new information becomes available.
Makes timely and accurate potential exposure recommendations
2. Accountabilities :
We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment.
We provide 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 such as sexual orientation.
At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability.
Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit : https : / / www.aig.com / about-us / diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.
If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare aig.
com. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area :
CL - ClaimsEstimated Travel Percentage (%) : No TravelRelocation Provided : NoAIG Insurance Hong Kong Limited