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- Tasks: Manage international Power Generation portfolios and contribute to SCOR's success.
- Company: Join SCOR, a global leader with 45+ years of market presence.
- Benefits: Strong technical culture and best-in-class financial strength.
- Why this job: Make an impact in a dynamic environment serving large corporate clients worldwide.
- Qualifications: Established underwriting experience and strong negotiation skills required.
- Other info: Collaborative team culture with opportunities for professional growth.
The predicted salary is between 36000 - 60000 ÂŁ per year.
As a member of the London Underwriting Team, you will join a highly motivated, experienced team of technical Power Underwriters and report directly to the Global Segment Leader Power. You will manage a portfolio of international Power Generation business and become a key element of the continued success of one of SBS’ key class of business.
Within SCOR Global P&C, SCOR Business Solutions (SBS) is the central unit dedicated to insuring the business risks faced by large corporate companies. SBS and its predecessors have been serving their customers for 45 years and have maintained a continuous presence in the market by upholding a strong technical culture supported by SCOR’s best-in-class financial strength rating.
Business activity is generally global from London and structured around four regions (Americas, LATAM, EMEA, APAC) through seven global lines of business (Property & Power, Construction Energy, Casualty, Financial Lines, Political & Credit Risks, Cyber, Marine, Space, Fine Art & Specie). Clients are supported by specialised underwriters who rely on SCOR's technical expertise and client knowledge.
The London Power team consists of three underwriters plus the Global Practice Leader Power, with a further eight Power underwriters located across Paris, New York, Houston, Singapore and Sao Paulo. The London Power team plays a central role in cross-selling and product development and has built a diversified portfolio with worldwide exposure.
- Manage the existing operational Power Generation portfolio (renewals, endorsements, risk and client visits, client meetings, claims involvement).
- Contribute positively to the overall results of SCOR Business Solutions by demonstrably sound technical and profitable underwriting.
- Develop SCOR’s Power Generation market share and leadership position globally.
- Enhance SCOR’s image in the market by efficient and innovative support of client needs and market networking.
- Negotiate bespoke service line specific wordings.
- Maintain and develop relationships with clients and brokers; travel as and when required to do so.
- Represent SCOR at international events, both general industry conferences and client hosted annual conferences and market trips.
- 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 Power Generation Roadmap and relevant guidelines.
- Respond to all enquiries in a timely manner.
- Assist the Global Segment Leader 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 Segment Leader 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; regularly liaise and support the regional SCOR Power Generation teams.
- Ensure compliance with all relevant international licensing requirements for SCOR’s various offices.
- Work closely with peers across the EMEA team to maintain a collaborative culture and a team spirit.
Experience
- Essential: Established underwriter with several years of direct underwriting experience in a relevant class of business in the London market; proven underwriting skills including wording negotiation; established market relationships.
- Desired: Established client relationships; industry or risk management experience; experience of writing international business; broking experience.
Competencies
- Sound technical knowledge of subjects associated with 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 high 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.
- Proactiveness.
- Strong verbal and written communication skills.
Why SCOR?
A global leader with 45+ years of market presence. Strong technical culture and best-in-class financial strength. Work within a central hub serving large corporate clients worldwide.
Ready to make an impact? Apply now and power up your career with SCOR.
Power Underwriter - SCOR Business Solutions (SBS) in London employer: SCOR
Contact Detail:
SCOR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Power Underwriter - SCOR Business Solutions (SBS) in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks at events or online. The more people you know, the better your chances of landing that Power Underwriter gig.
✨Tip Number 2
Show off your expertise! When chatting with potential employers, highlight your underwriting skills and market knowledge. Let them see how you can contribute to SCOR’s success.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out to companies like SCOR directly and express your interest in joining their team. You never know what opportunities might arise!
✨Tip Number 4
Follow up! After interviews or networking events, drop a quick thank-you note. It shows your enthusiasm and keeps you on their radar. Plus, it’s a great way to reinforce those connections.
We think you need these skills to ace Power Underwriter - SCOR Business Solutions (SBS) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Power Underwriter role. Highlight your relevant underwriting experience and any established market relationships you have. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the Power Generation sector and how you can contribute to SCOR’s success. Keep it concise but impactful – we love a good story!
Showcase Your Technical Skills: Don’t forget to highlight your technical knowledge and negotiation skills in your application. We’re looking for someone who can handle bespoke wordings and has a solid understanding of underwriting policies, so make sure that shines through!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at SCOR!
How to prepare for a job interview at SCOR
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially in Power Generation. Be ready to discuss your previous experience and how it relates to the role. Familiarise yourself with SCOR’s underwriting policies and guidelines so you can speak confidently about them.
✨Show Off Your Negotiation Skills
Since this role involves a lot of negotiation, prepare examples of past negotiations you've successfully handled. Think about how you can demonstrate your ability to negotiate bespoke wordings and manage client relationships effectively.
✨Understand the Market Landscape
Research SCOR’s position in the market and its competitors. Being able to discuss current trends in the Power Generation sector will show that you’re proactive and knowledgeable, which is key for this role.
✨Be Ready to Talk Teamwork
This position requires collaboration with various teams across regions. Prepare to share examples of how you’ve worked well in a team setting, supported colleagues, and contributed to a positive team culture. Highlight your ability to motivate and train others as well.
