SCOR, a leading global reinsurer is looking for young smart talents who aspires to have an inspiring and challenging start to their career in the risk industry! We welcome applications from talents who have a zest for living and who are passionate about what they do.
The selected candidate should be prepared to work in a fast-paced and demanding team environment, and will finish the internship having gained broad experience in various aspects of the product development cycle, product risk management and strategy.
The key project at hand will be to work on and contribute to L&H insurance products research and new product development work within SCOR Life & Health Southeast Asia team (a.k.a. SEA).
Key duties and responsibilities
Lead life & health insurance product scanning and market research in the various SEA countries of Singapore, Malaysia, Thailand, Vietnam, Indonesia and Philippines.
Lead and co-ordinate new product development work with the SCOR business underwriters, pricing, underwriting and claims teams.
Prepare client presentation materials for new product ideas pitching.
Required experience & competencies
Actuarial experience and past internship experience in Life & Health insurance companies preferred.
Skills and Personal Competencies:
Effective verbal and written communication, time management and organization skills.
Ability to comprehend actuarial concepts and insurance product risk mitigations concepts.
Ability to think fast and logically.
Strong problem solving and analytical thinking ability.
Excellent team player and culturally flexible.
Other South East Asian languages is welcomed.
Required Education
Pursuing bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or related field with a strong quantitative orientation.
Preference will be given to candidate who has just completed at least their second year of their actuarial science degree.
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.
SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C.
The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.
The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.
One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.
Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.
