At a Glance
- Tasks: Manage client portfolios, negotiate contracts, and contribute to profitable underwriting.
- Company: Join SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Competitive salary, diverse opportunities, and a focus on inclusion.
- Other info: Dynamic environment with opportunities for growth and international exposure.
- Why this job: Make an impact in the insurance industry while working with top professionals.
- Qualifications: A Level education or equivalent; experience in underwriting preferred.
The predicted salary is between 58540 - 71548 £ per year.
Manage the existing portfolio (renewals, endorsements, risk and client visits, client meetings, claims involvement). Contribute positively to the overall results of SCOR Specialty Insurance 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.
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.
Required Education
- Essential: Educated to A Level, or equivalent qualifications
- Desirable: Relevant university degree, or equivalence ACII Qualified
Required experience & competencies
- Experience Essential: Established 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
- Desired: 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
- Ability to lead business
- Ability to promote the underwriting policy
- Ability to use spreadsheets to a good standard
- Able to adapt well to SCOR structure and philosophy, which includes technical underwriting and technical referrals
- Ability to quickly acquire a thorough understanding of SCOR’s underwriting policy and guidelines
- Understanding of company computer systems
- Team player as well as capable of working on own initiative
- Proactive
- Strong verbal and written communication skills
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.
Underwriter, North American Binding Authority - SCOR Business Solutions (SBS) in London employer: SCOR Global Life
SCOR Global Life is an exceptional employer, offering a dynamic work environment in the heart of London, Paris, and Madrid. With a strong focus on employee growth and digital innovation, we provide our team with opportunities to lead in a collaborative culture that values technical expertise and market leadership. Join us to be part of a forward-thinking company that prioritises professional development and fosters a supportive atmosphere for all employees.
