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- Tasks: Join a dynamic team to underwrite political violence insurance and manage client portfolios.
- Company: SCOR is a leading global reinsurer, providing innovative risk management solutions in 160 countries.
- Benefits: Enjoy a collaborative culture, opportunities for growth, and the chance to work with industry experts.
- Why this job: Be part of a mission-driven company that values diversity and encourages innovative thinking.
- Qualifications: Experience in underwriting or broking, with strong analytical and negotiation skills required.
- Other info: Open to all applicants, including those with disabilities; flexible working options available.
The predicted salary is between 36000 - 60000 £ per year.
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: 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.
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.
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.
Job Responsibilities:
- 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, and negotiate conditions of the contracts.
- 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 in other regions to share market intelligence and best practices, 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.
Required experience & competencies:
- Positive underwriting or broking experience across the market.
- Technical acumen of reinsurance and insurance principles.
- Cycle Management - Ability to manage underwriting decisions and relationships around the market's cyclical nature.
- Commercial Business Acumen - Ability to negotiate profitable business with a structure that works for both client and SCOR.
- Critical Thinking - Ability to assess risks, analyse market trends, and make data-driven underwriting decisions to improve profitability whilst mitigating exposure.
- Negotiation & Persuasion - Ability to support negotiations involving complex policies, ensuring client satisfaction and profitability.
- Entrepreneurial Spirit - Ability to identify new market opportunities, develop innovative products, and adapt to emerging risks.
- Intellectual Curiosity - Genuine desire to learn, understand, and explore new ideas, concepts, and perspectives.
- Emerging Risk Discovery - 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: Mid-Senior level
Employment type: Full-time
Job function: General Business
Industries: Insurance
Underwriter, Political Violence - SCOR Business Solutions (SBS) employer: SCOR Business Solutions
Contact Detail:
SCOR Business Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter, Political Violence - SCOR Business Solutions (SBS)
✨Tip Number 1
Familiarise yourself with the latest trends in political violence and terrorism insurance. Understanding current events and how they impact risk assessment will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the reinsurance and underwriting sectors. Attend industry events or webinars to connect with potential colleagues at SCOR, as building relationships can significantly enhance your chances of landing the job.
✨Tip Number 3
Demonstrate your critical thinking skills by preparing case studies or examples of how you've successfully assessed risks in previous roles. This will showcase your ability to make data-driven decisions, which is crucial for the Underwriter position.
✨Tip Number 4
Research SCOR's core values and culture, particularly 'The SCOR Way'. Be ready to discuss how your personal values align with theirs, as cultural fit is often a key consideration in the hiring process.
We think you need these skills to ace Underwriter, Political Violence - SCOR Business Solutions (SBS)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriter position at SCOR. Tailor your application to highlight relevant experience in underwriting or broking, especially in political violence and terrorism.
Highlight Relevant Experience: In your CV and cover letter, emphasise your positive underwriting or broking experience. Include specific examples that demonstrate your technical acumen in reinsurance and insurance principles, as well as your ability to manage relationships in a cyclical market.
Showcase Your Skills: Make sure to showcase skills such as critical thinking, negotiation, and entrepreneurial spirit in your application. Provide concrete examples of how you've successfully assessed risks, negotiated terms, or identified new market opportunities in previous roles.
Craft a Compelling Cover Letter: Write a tailored cover letter that reflects your understanding of SCOR's values and culture. Mention how your personal values align with 'The SCOR Way' and express your enthusiasm for contributing to their mission of managing risk and supporting societal welfare.
How to prepare for a job interview at SCOR Business Solutions
✨Understand the Role and Responsibilities
Before the interview, make sure you thoroughly understand the job description and responsibilities of an Underwriter in Political Violence. Familiarise yourself with SCOR's approach to risk management and how it applies to political violence underwriting.
✨Showcase Your Technical Knowledge
Demonstrate your technical acumen in reinsurance and insurance principles during the interview. Be prepared to discuss your previous underwriting experience and how it relates to the specific challenges faced in political violence underwriting.
✨Highlight Your Negotiation Skills
Since negotiation is a key part of the role, be ready to provide examples of how you've successfully negotiated terms in past roles. Discuss your approach to ensuring client satisfaction while maintaining profitability for the company.
✨Emphasise Collaboration and Teamwork
SCOR values collaboration, so be sure to highlight your experience working in teams. Share examples of how you've collaborated with colleagues across different functions, such as claims and pricing, to achieve common goals.
