In Decline - Executive and Shareholder Greed - Recensione dipendente - Underwriting Specialist presso AIG

2,0
29 mag 2024
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Benefits are in line with competitors. If you make it to a good division, there is an opportunity to learn and gain new skills. There are still some good people.

Svantaggi

Salaries have been known to be less than competitors. Total pay package weighted heavily based on performance bonus which can fluctuate depending on the company's performance and your own performance. Executive pay and stock buyback is limiting the capital that could be invested in the company and it's employees. Voluntary early retirement program took everyone by surprise. The impact is unknown but will be impacting parts of underwriting immensely. This is the beginning to AIG Next cost cutting initiative. Be prepared to do more and work longer hours to cover for AIG's mismanagement of staffing. Lack of career progression or career coaching. Most managers are not equipped to help their staff grow. Training is hard to come by. You will need to rely on colleagues. Management has very little involvement with training and there is little material available. Issues with attracting experienced individuals and some have been quick to burnout. Staffing has and continues to be an issue. No incentive to stay long term.

Esplora altre recensioni su AIG

5,0
11 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

The 401(k) matching contribution is excellent.

Svantaggi

Commuting to New York City four days per week. The schedule does not allow for remote work.

3,0
22 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

AIG pays well. Pretty good benefits package & bonus structure.

Svantaggi

The work is wild at AIG! Also, there are ALOT of people at AIG so, everybody has to weigh in on everything you do...keeping you bottlenecked in your work flow. AIG is not the place for a brand new, entry level adjuster breaking into the commercial space and they pretty much only hire experienced people HOWEVER, it does not matter-management will not trust your experience therefore, there is little to no autonomy! You will find yourself touching the same thing 3 or 4 times because your always waiting on permission or someone else's opinion on something, etc. You got to get permission to send for conflict check, got to get an opinion to answer a demand, a tender, an ROR ltr. .. they pounce on defense counsel's hourly rate to be cheap with them which makes them work w/less efficiency...dragging the claim out so they can get their billable hours. You will work your fingers to the bone for that good pay & you will be frustrated and exhausted, ALL THE TIME!...The environment is pretty stuffy w/a very high stress level, (especially with long time AIG employees who definitely drink the "kool-aid" and think they are hot stuff). They will keep you in dumb meetings on your claims all the time presenting your claims with everyone scared to make a decision plus, they never want to pay the claims, they are cheap as hell. They will make you have to scramble at a mediation to get more money even though you told them what you needed when they forced you to present the same claim to 3 different people before the mediation date. To me, management are glorified overseers who still handles the claim...they just tell you what to do or, they come behind you and second guess everything. And, they are trying to enforce 3 days in-office a week (which is hell for ATL traffic) plus, it's crowded on the elevator (which seems to get stuck more often than what I am comfortable with) and trying to find a desk when everyone decides to come in at the same time. It's a good temporary move....if you need the advanced commercial experience and/or want to reset your pay...stay for 1-2 yrs then, go somewhere else with work from home and a little more professional autonomy.

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