As a key member of the Longevity Research Team, you will be owning aspectsof thedevelopment and maintenance of SCOR’s mortality and demographic assumptions,enhancing SCOR’sabilitytowriteprofitablenewbusiness. The team has global responsibility for Longevity business so you will have the opportunity to work on business originating from outside the UK.
Your work could involve updating mortality trends for multiple countries to support new business, the use of machine learning techniques to model mortality rates, setting assumptions for medically underwritten annuities, designing innovative new products for entry into global markets, and the documentation and presentation of your work to senior stakeholders.
You will establish strong working relationships with SCOR colleagues both within and outside the Longevity Team, clients and industry contacts.
Research
Deliver and maintainpricingbasesandtoolswhichenable SCORtowriteprofitablenewbusiness in existing territories, and to expand its global productoffering in new territories.
Demonstrate a clear understanding of how to apply research methods in a commercial context, utilising the 80/20 rule to deliver work quickly.
Identify and analyse suitable internal and external data sources for research projects, such as academic research papers and statistical datasets,obtainingmaximum valuefromavailableinformation.
Contribute ideas for innovation of bases and help plan the research activities of the Longevity Team.
Produce concise and clear technical documentation and present work to senior stakeholders.
Keepabreastofmajordevelopmentsinthe longevityresearchfieldandtheglobal longevitymarket. Attend external seminars and webinars where relevant, and present learnings back to the wider longevity team.
EnsurepricingbasesconformwithSCORpricingguidelinesandthatkeypricing issues/risksarehighlightedearly.
Relationships
Demonstrate strong collaboration skills, utilising tools such as brainstorming sessions and the team meeting to understand different approaches to reach the end goal.
Collaborate with the Longevity Pricing team, ensuring research bases are implemented appropriately.
Develop a strong network of relationships with SCOR colleagues outside the Longevity Team, particularly the Biometric Team in Paris.
Promote the Longevity Research Team’stechnicalexpertise, through knowledge shares with the wider Longevity Team and where appropriate across the SCOR Life Team.
Essential:
Keen interest in longevity research.
Experience of working both within a team and as a self-motivated individual.
Ability to lead on smaller research projects with minimal oversight, proactively seeking help from experienced colleagues where required.
Ability to quickly extract key information from demographic research papers.
Proven ability to deliver and meet deadlines.
Desirable:
Prior experience of demographic research in the insurance/reinsurance sector, either in a longevity or protection setting.
R programming experience.
Personal Competencies
Excellent analytical skills
Self-motivation
Customer focus
Teamwork
Attention to detail
Excellent communication and interpersonal skills
Required Education
Nearly qualified/qualified actuary OR several years of experience within an actuarial/statistical team.
A few years of experience in a demographic assumptions or pricing team (longevity or protection)
Educated todegreelevel or equivalentwith excellentacademictrackrecord
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.
