At a Glance
- Tasks: Underwrite and analyse UK Property Cat business while collaborating with senior underwriters.
- Company: Join SCOR, a leading global reinsurer with a focus on innovation and risk management.
- Benefits: Enjoy competitive salary, professional development, and a diverse, inclusive workplace.
- Other info: Opportunities for career growth and involvement in exciting projects.
- Why this job: Make a real impact in the insurance industry while working with top professionals.
- Qualifications: Experience in Property (re)insurance underwriting and strong analytical skills required.
The predicted salary is between 63000 - 77000 £ per year.
Help maintain, develop and underwrite a profitable book of UK Property Cat, Risk, Proportional and London Market D&F business. The role holder will be responsible, with Senior underwriter support, for reviewing, pricing and analysing enquiries sent to the team, and responding to brokers with quotes / indications / declinatures, where relevant. Contribute to planning, reporting and projects. The role will be Property focussed with the potential for involvement with other lines of business and wider team.
Experience:
- Experience in Property (re)insurance underwriting
- The level of the role offered will be based on prior year experience
- Ability to provide underwriting services to best serve SCOR's client needs.
- Good understanding of the Property insurance and reinsurance market and familiarity with pricing methodologies and actuarial principles
- Sound analytic skills evidenced by thorough client and market assessments allowing for further development of SCOR's UK property portfolio
- Strong interpersonal skills and great teamworker, displaying transparent communication.
- Excellent communication skills for developing or growing a professional network
- Good negotiation skills with a focus on value creation
- Enthusiasm for new business opportunities and the desire to think creatively
- Outgoing and confident with good presentation skills.
- Self-starter, problem solver and entrepreneurial.
- Curious about innovations and trends
- Advanced analytical and mathematical skills
- Motivated and result oriented with an ability to work in a team and manage peak period workflows
- Willingness to travel for periods of several days
- Excellent IT skills with respect to standard software
Required Education:
- Education to “A” Level standard as a minimum requirement or equivalent qualifications
- University Degree and/or Professional Qualification such as ACII or actuarial exams or equivalence
Underwriting:
- In-depth technical analysis of treaty submissions and wordings, within the framework of SCOR Group Guidelines and in close liaison with actuarial / Underwriting Management units
- Liaise with Senior Underwriters in respect of underwriting decisions and ensure treaties are written and documented in accordance with the prescribed sign off triggers and procedures, with escalation through the relevant reporting line and to Underwriting Management, where required
- Maintain a high level of customer support and timely responses to queries
- Assist in the monitoring of the portfolio and tracking of KPIs, and participate in the production of the Underwriting plan, with proposals, objectives and strategies.
- Keep abreast of regulatory requirements and their impact on clients’ balance sheet, with a view to proposing alternative reinsurance solutions, in collaboration with the relevant SCOR network
- Attend and document broker, client and market meetings, sharing information internally via Salesforce and following up on any related issue
- Support the unit in a wide range of common projects, workshops, and presentations
- Maintain strong client and broker relationships, Research and develop new partnerships and business opportunities
- Attend underwriting visits and marketing activities and keep these recorded in the Salesforce database
- Prepare client action plans and executive summaries in conjunction with colleagues
- Engage with other Client Managers to ensure a joined-up, client-centric approach to underwriting
- Is accountable for the efficient administration of the assigned portfolio and the timely and accurate recording of such in SCOR’s IT systems, with the support of the Technical Accounting team
- Monitor and report on KPIs, risk accumulations and other capacities as necessary
- Contribute to the production of the Renewal reports, Portfolio Reviews, and Underwriting Plan Marketing
Posting Date: 2026-06-19
Underwriter, Property Treaty in London employer: SCOR Global Life
SCOR is an exceptional employer that fosters a collaborative and inclusive work culture, where employees are empowered to thrive through shared values and innovative thinking. As a Talent Acquisition Specialist, you will have the opportunity to engage with top industry professionals while contributing to meaningful projects that enhance societal resilience. With a strong focus on employee growth and development, SCOR offers a dynamic environment that encourages creativity and supports diverse talent across its global operations.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Property Treaty in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like SCOR Global Life. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter, Property Treaty in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at SCOR Global Life.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at SCOR Global Life. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at SCOR Global Life
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at SCOR Global Life to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at SCOR Global Life, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding SCOR Global Life's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
