SCOR

Qualified Actuary – Property & Casualty, Reinsurance

SCOR  •  Zürich, CH (Onsite)  •  1 hour ago
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Job Description

The role is responsible for producing, analyzing, reporting, and explaining quarterly internal model results related to P&C underwriting and retrocession risks. The position supports senior and executive management decision-making through capital, risk, and economic performance analytics while contributing to the continuous development of SCOR's risk management framework. The Risk Capital team reports directly to the Group Chief Risk Officer.

Key duties and responsibilities

  • Assess and monitor P&C underwriting and retrocession risks to support adherence to SCOR's risk appetite, leveraging professional expertise, analysis, and risk management experience.
  • Apply SCOR’s internal model to evaluate P&C underwriting risks. Analyze portfolio exposures, risk concentrations, and diversification effects across business lines, regions, and perils.
  • Perform scenario analyses and stress testing to assess the impact of adverse loss developments, catastrophe events, and changing market conditions on the P&C portfolio.
  • Contribute to the monitoring and assessment of underwriting and retrocession risk profiles, providing risk insights to support informed decision-making.
  • Ensure compliance with applicable financial regulations, solvency requirements, and internal governance standards. Prepare and deliver risk reports for internal stakeholders and regulatory bodies.
  • Contribute to the development and enhancement of risk appetite metrics, risk limits, and portfolio steering frameworks for P&C underwriting and retrocession risks.
  • Collaborate closely with P&C business units, Reserving, and Pricing teams to understand portfolio developments and identify emerging risks.
  • Partner with Risk Modelling teams to support the ongoing enhancement of SCOR’s internal model, drawing on practical experience, portfolio analysis, and business insights.

Required Experience Qualification and Education

  • Qualified Actuary (SAV, DAV, IFoA) or equivalent qualification and experience
  • Practical experience in using Internal Models (SST, Solvency II) for P&C underwriting & retrocession risks analysis
  • 10 years of experience in P&C insurance or reinsurance, ideally covering pricing, reserving, capital modelling or portfolio management.
  • Experience in communicating complex risk and capital metrics to senior stakeholders.
  • Proficiency in MS Office and coding (preferred Python).
  • Experienced project leader in an agile, multinational, cross-functional environment
  • Excellent communication skills and fluent in English.

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

About SCOR

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.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Paris, FR
Year Founded
Unknown
Website
scor.com
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