Underwriter, Political Violence - SCOR Business Solutions (SBS)
Join to apply for the Underwriter, Political Violence - SCOR Business Solutions (SBS) role at SCOR Business Solutions
Underwriter, Political Violence - SCOR Business Solutions (SBS)
1 week ago Be among the first 25 applicants
Join to apply for the Underwriter, Political Violence - SCOR Business Solutions (SBS) role at SCOR Business Solutions
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Job Description
You enjoy working in a fast-paced environment, with the autonomy to make the right underwriting decisions for SCOR. You want to spend your time working alongside international experts, developing and underwriting business You can understand our clients' issues and help find solutions that deliver what is needed. If this is what you want your day to be like, keep reading.
At SCOR Business Solutions, we offer a comprehensive insurance product range to address large corporate and industrial clients' complex and evolving needs worldwide. We can do this thanks to our dedicated local expert teams, with an underwriting DNA based on technical expertise and in-depth industry knowledge. We are large but small working in a global product oriented structure meaning that client not geography comes first. We get excited about offering our clients a diversified and innovative range of insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk", SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society. The Group generated premiums of EUR 19.4 billion in 2023 and serves clients in around 160 countries from its 35 offices worldwide.
Job Responsibilities
No two days are the same, but that is how we become the experts that our clients expect to work with. Producing and managing your portfolios of accounts, through the strong market relationships you have is at the core of your role at SCOR. The guidelines we develop are built to support the underwriting business plan for Terrorism and Political Violence, but you have the chance to do much more than that, by actively contributing to portfolio growth and diversification, supporting the overall organisation strategy.
There is always a lot to do, but everything is linked to the overall results of SCOR Business Solutions, developing our market share, and enhancing our market image.
When you work with the team to receive, select and evaluate offers of business from various sources, your role is to support the production of terms and review wordings of the contracts.
Business and Market relationships are key to yours and our success. By building and developing these relationships with clients and brokers and attending broker and client hosted events, you get the chance to be part of our growth.
We want you to be curious and innovative. We see research and development as an important part of our work, with a desire to look at new areas of potential profitable growth.
It is also important to emphasise the importance of working as a team at SCOR. Whether it's across underwriting, or working closely with Claims and Pricing, we are successful because of this collaboration.
Some of the expectations of your role are:
* Be part of the Terrorism and Political Violence team delivering profitable growth and diversify the portfolio in accordance with strategy and in accordance with the SBS Insurance Guidelines and practices
* Receive, select, and evaluate offers of business from various sources, calculate pricing, & negotiate conditions of the contracts.
* Take time to identify, research, and report on new areas of profitable growth
* Support the development of marketing materials and intelligence documentation based on research and analysis of both the portfolio results and the market data
* Collaborate with peers other regions to share market intelligence, best practices but most importantly ensuring that our underwriting methodology is consistent throughout the World.
* Assist other business lines in local market interactions to support cross-LOB growth
* Collaborate with the Claims Function in negotiating/resolving the claims arising from your portfolio.
* Ensure data quality and reporting to all our IT systems
* Keep up to date with global politics and have a keen interest in this field
Required experience & competencies
* Positive underwriting or broking experience across the market.
* Technical acumen of reinsurance and insurance principals.
Cycle Management - Having the ability to manage underwriting decisions and relationships around the markets cyclical nature; You are able to flex your mindset to understand underwriting strategy, capacity management, portfolio management and long term partnerships to achieve successful and profitable underwriting decisions
Commercial Business Acumen - You are able to negotiate profitable business with a structure that works for both client and SCOR.
Critical Thinking - You can assess risks, analyse market trends, and make data-driven underwriting decisions to improve profitability whilst mitigating exposure.
Negotiation & Persuasion - You can support negotiations involving complex policies, ensuring client satisfaction and profitability, negotiating terms, resolving conflicts, and advocating for clients.
Entrepreneurial Spirit - You can identify new market opportunities, develop innovative products and adapt to emerging risks.
Intellectual Curiosity - You have the genuine desire to learn, understand and explore new ideas, concepts and perspectives, and produce credible industry collateral to support SCOR in being a Market Thought Leader.
Emerging Risk Discovery - You focus on identifying and evaluating new risks, monitoring and assessing non-traditional risks, and developing policies to address these risks.
Required Education
* Qualified by experience, degree not necessarily required.
Seniority level
* Seniority level
Mid-Senior level
Employment type
* Employment type
Full-time
Job function
* Job function
General Business
* Industries
Insurance
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