SCOR

Underwriter , Cyber - SCOR Business Solutions (SBS)

SCOR  •  London, GB (Onsite)  •  28 days ago
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Job Description

  • Manage the existing portfolio (renewals, endorsements, risk and client visits, client meetings, claims involvement).
  • Contribute positively to the overall results of SCOR SBS by demonstrably sound technical and profitable underwriting
  • Develop SCOR’s market share and leadership position
  • Enhance SCOR’s image in the market by efficient and innovative support of client needs
  • Negotiate bespoke service line specific wordings
  • Represent SCOR at international events, both general industry conferences and client hosted annual conferences

Some of the key areas of responsibility are as follows :

  • Receive, select and evaluate offers of business from various sources, calculate ratings and negotiate the bespoke wordings of the contracts
  • Generate and originate new offers and promote SCOR by pro-active marketing in accordance with the strategy and guidelines defined in the SCOR Roadmap and relevant guidelines
  • Maintain and develop relationships with clients and brokers; travel as and when required to do so
  • Attend broker and client hosted events
  • Respond to all enquiries in a timely manner
  • Assist the Global Line Head in the research, development and report on new areas of potential profitable growth
  • Maintain accurate records of quotes, risks accepted and declinatures
  • Control and verify premium income according to business plan
  • Assist the Global Line Head to produce reports of various formats for reporting purposes as required
  • Contribute to the claims settlement process in conjunction with the claims department
  • Contribute to the division’s technical knowledge of sectors and sub-sectors in which the jobholder is working
  • Motivate, encourage and contribute to the training of the team
  • Attend SCOR’s Lloyd’s box to service brokers submissions and endorsements, and negotiate policy terms
  • Ensure compliance with all relevant international licensing requirements for SCOR’s various offices

We are ideally looking for people with the following experience and competencies:

Experience

  • Established cyber underwriter with several years of direct underwriting experience in the London market or elsewhere
  • Proven underwriting skills including wording negotiation
  • Established market relationships
  • Experience of writing international business
  • Established client relationships

Competencies

  • Sound technical knowledge of subjects associated to underwriting as well as a wider understanding of related legal, risk management, social and economic topics
  • Knowledge of competitors, cedants, reinsurers and brokers within the London market and internationally
  • Commercial and tactical vision
  • Ability to successfully negotiate “face-to-face” with brokers

Educational Qualifications

  • Educated to A Level, or equivalent qualifications
  • Relevant university degree, or equivalent
  • ACII Qualified

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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