At a Glance
- Tasks: Support underwriting and claims processes while learning about medical knowledge and risk assessment.
- Company: Join a leading reinsurance firm focused on innovation and client service.
- Benefits: Gain valuable experience, training opportunities, and a pathway to a career in underwriting.
- Other info: Dynamic team environment with opportunities for personal and professional growth.
- Why this job: Kickstart your career in insurance with hands-on experience and mentorship from industry experts.
- Qualifications: Strong interest in underwriting, problem-solving skills, and ability to build relationships.
The predicted salary is between 30000 - 40000 £ per year.
This role is key to supporting the delivery of Underwriting & Claims service, being responsible for processing work coming into the teams, updating databases and workflows whilst supporting the team with a variety of administrative tasks. The underwriting & claims systems are going through transformation; the role holder would be involved in supporting increased automation as well as supporting with development of MI and report analysis. Alongside administrative responsibilities, this individual will train to develop their underwriting knowledge, with a structured plan in place to learn the skills involved in reinsurance underwriting such as medical knowledge, risk assessment and the interpretation of philosophy and treaties.
The individual would be assessing cases with the support of experienced underwriters to work towards obtaining their own underwriting authorities. As part of a small team, this individual will get involved in a variety of work which all ultimately aims to help clients get the right underwriting and claims decision at the earliest opportunity. For example, following up on pending claims, reviewing MI, supporting the team with organising training, events or meetings. This role provides opportunity to gain knowledge of reinsurance, working closely with other departments to build a strong foundation for a career in underwriting.
Responsibilities- Support quick and accurate assessment of underwriting cases & claims by creating and updating entries within databases, managing workflow and monitoring service levels.
- Check SCOR in force data details of any existing policies.
- Assess underwriting evidence and cases suggesting decisions & working towards an underwriting authority.
- Learning SCOR and SCOR’s clients underwriting philosophies and how to apply these in practice.
- Provide operational excellence supporting achievement of service levels.
- Develop the technical knowledge, judgement, and regulatory understanding required to underwrite Life and Health insurance risks.
- Support underwriting and claims teams in the managing of client relationships and risk management.
- Assist with the production of MI and the analysis of these to understand and drive performance and priorities.
- Support the building of systems to automate the administrative processes in underwriting and claims.
- Self-starter, able to manage own workload, be proactive and take ownership.
- Strong interest in underwriting and desire to progress as an underwriter.
- Ability to problem solve and take information from different sources to build a picture of risk assessment.
- Experience in Protection value chain, at either distributor, insurer or reinsurer, including ability to work with multiple systems.
- Knowledge of how Protection insurance/reinsurance works.
- Ability to build strong relationships both within the team and across stakeholders.
- Ability to interpret MI results.
- Medical knowledge (such as scientific A levels or degree) are advantageous.
Medical Underwriting Assistant in London employer: SCOR
SCOR is an exceptional employer, offering a vibrant and inclusive work culture that fosters collaboration and innovation within its dynamic actuarial team. As an intern in the heart of the Lloyd's of London insurance market, you will gain hands-on experience with cutting-edge modelling tools while working alongside industry experts, ensuring ample opportunities for personal and professional growth. With a commitment to diversity and employee well-being, SCOR not only values your contributions but also supports your development in a meaningful and rewarding environment.
StudySmarter Expert Advice🤫
We think this is how you could land Medical Underwriting Assistant in London
✨Get Clued Up on Insurance Events
Join local insurance events or workshops to network and soak in knowledge about the industry. It's a great way to meet potential employers, like SCOR, and show off your enthusiasm for the field. Plus, you’ll gain insights that'll make you stand out during your interviews!
✨Tap into Your University’s Resources
Many universities offer career services specifically tailored for students looking for trainee roles in insurance. Make sure to utilise these—they can connect you with alumni in the industry or help you snag those hidden opportunities that aren't advertised widely!
✨Showcase Your Knowledge
Start a blog or social media account where you can share insights about current trends in insurance. This demonstrates your passion and keeps you in the minds of recruiters at places like SCOR. A personal touch always helps in making a memorable impression!
✨Apply Through Our Website & Make It Personal
Don’t just hit 'apply' on the SCOR website. Tailor your application to highlight your interest in the insurance sector and showcase any relevant projects or experiences. A few personal touches can go a long way in landing that trainee spot!
We think you need these skills to ace Medical Underwriting Assistant in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, analytical skills are a must. Make sure to showcase any relevant coursework or projects where you've solved complex problems or worked with data. This can really set you apart, especially in your CV or cover letter!
Show Your Interest in the Sector:For a trainee role, it’s super important to demonstrate your genuine interest in insurance. Talk about any internships, part-time jobs, or relevant studies that have sparked your passion for this field. We want to see that you're eager to learn and grow with us at SCOR!
Tailor Your Cover Letter to the Role:Your cover letter should reflect your enthusiasm for the trainee position at SCOR. Use it to explain why you're excited about a career in insurance and what you hope to learn during your time with us. Make it personal and engaging—it’ll catch our eye for sure!
Include Relevant Certifications or Courses:Even as a trainee, any extra certifications or courses related to insurance can really boost your application. Whether it's online courses or workshops, throw them in your CV to show us that you’re proactive about your professional development. It’ll demonstrate your commitment to stepping into this industry with enthusiasm!
How to prepare for a job interview at SCOR
✨Understand the Basics of Insurance
Since you're interviewing for a trainee role in insurance, it’s vital to brush up on the key concepts in the industry. Familiarise yourself with terms like underwriting, risk assessment, and claims processing. It shows your genuine interest and helps you answer those technical questions more confidently.
✨Prepare for Scenario-based Questions
Expect scenario-based questions during your interview! They might dive into how you would handle specific insurance situations or customer complaints. Think about examples from your studies or past experiences where you demonstrated problem-solving and customer service skills. They're looking for how you approach issues in a practical setting.
✨Focus on Your Learning Potential
As a trainee, your eagerness to learn is key. Be ready to discuss what excites you about the insurance field and how you plan to grow within the role at SCOR. Highlighting your adaptability and willingness to learn will make a great impression.
✨Show Your People Skills
Insurance is all about building relationships, whether it's with clients or colleagues. Prepare to share experiences where you’ve effectively communicated or worked as part of a team. Remember, your soft skills are just as important as your technical knowledge in this industry!
