Underwriter, Cyber - SCOR Business Solutions (SBS)
Underwriter, Cyber - SCOR Business Solutions (SBS)

Underwriter, Cyber - SCOR Business Solutions (SBS)

London Full-Time 43200 - 72000 ÂŁ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage client portfolios, negotiate contracts, and contribute to profitable underwriting.
  • Company: SCOR is a global leader in insurance solutions, serving clients in 160 countries.
  • Benefits: Enjoy a dynamic work environment with opportunities for travel and professional growth.
  • Why this job: Join a team that values innovation and client relationships while making a social impact.
  • Qualifications: A Levels or equivalent, relevant degree, and experience in cyber underwriting required.
  • Other info: Opportunity to represent SCOR at international events and enhance your professional network.

The predicted salary is between 43200 - 72000 ÂŁ per year.

  • Manage the existing portfolio (renewals, endorsements, risk and client visits, client meetings, claims involvement).
  • Contribute positively to the overall results of SCOR SBS 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
  • Some of the key areas of responsibility are as follows :

  • 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
  • We are ideally looking for people with the following experience and competencies:

    Experience

  • Established cyber 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
  • 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
  • Educational Qualifications

  • Educated to A Level, or equivalent qualifications
  • Relevant university degree, or equivalent
  • ACII Qualified
  • Underwriter, Cyber - SCOR Business Solutions (SBS) employer: SCOR

    SCOR Business Solutions is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets expertise. With a strong focus on employee growth and development, we provide comprehensive training and opportunities to enhance your skills in the rapidly evolving field of cyber underwriting. Our collaborative culture encourages creativity and teamwork, ensuring that every team member contributes to our mission of delivering tailored insurance solutions while enjoying the benefits of working in a globally recognised firm.
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    Contact Detail:

    SCOR Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Underwriter, Cyber - SCOR Business Solutions (SBS)

    ✨Tip Number 1

    Network with professionals in the cyber insurance field. Attend industry events and conferences where SCOR is represented, as this can help you make valuable connections and learn more about their specific needs and culture.

    ✨Tip Number 2

    Familiarise yourself with SCOR's underwriting policies and recent developments in the cyber insurance market. This knowledge will allow you to engage in informed discussions during interviews and demonstrate your genuine interest in the role.

    ✨Tip Number 3

    Prepare to discuss your previous underwriting experiences, particularly in cyber insurance. Be ready to share specific examples of how you've successfully managed portfolios, negotiated terms, and contributed to profitable growth.

    ✨Tip Number 4

    Showcase your ability to build and maintain relationships with clients and brokers. Highlight any past experiences where you've successfully navigated complex negotiations or enhanced client satisfaction, as these skills are crucial for the role.

    We think you need these skills to ace Underwriter, Cyber - SCOR Business Solutions (SBS)

    Cyber Underwriting Expertise
    Technical Underwriting Skills
    Contract Negotiation
    Market Relationship Management
    Risk Assessment
    Claims Settlement Knowledge
    Commercial Awareness
    Tactical Vision
    Proactive Marketing
    Data Analysis and Spreadsheet Proficiency
    Strong Verbal and Written Communication
    Team Collaboration
    Adaptability to Corporate Structure
    Client Relationship Development

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights relevant experience in cyber underwriting. Emphasise your established market relationships and any specific achievements in the London market that align with SCOR's needs.

    Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of SCOR's business model and how your skills can contribute to their goals. Mention your experience with bespoke service line negotiations and your proactive marketing strategies.

    Highlight Technical Expertise: In your application, clearly outline your technical knowledge related to underwriting, including any relevant qualifications like ACII. Discuss your familiarity with legal, risk management, and economic topics that are pertinent to the role.

    Showcase Communication Skills: Since strong verbal and written communication skills are essential for this role, provide examples in your application where you successfully negotiated or communicated complex information to clients or brokers.

    How to prepare for a job interview at SCOR

    ✨Showcase Your Cyber Underwriting Expertise

    Make sure to highlight your direct experience in cyber underwriting. Be prepared to discuss specific cases where you successfully evaluated risks and negotiated terms, as this will demonstrate your technical expertise and understanding of the market.

    ✨Demonstrate Your Market Knowledge

    Familiarise yourself with SCOR's position in the market and its competitors. During the interview, reference current trends in the cyber insurance sector and how they might impact SCOR's strategy, showing that you are proactive and well-informed.

    ✨Prepare for Negotiation Scenarios

    Since negotiation is a key part of the role, practice articulating your negotiation strategies. You might be asked to role-play a negotiation with a broker, so think about how you would approach this and what terms you would prioritise.

    ✨Emphasise Team Collaboration

    SCOR values teamwork, so be ready to share examples of how you've worked effectively within a team. Discuss how you can contribute to training and motivating others, as well as how you handle collaboration with brokers and clients.

    Underwriter, Cyber - SCOR Business Solutions (SBS)
    SCOR
    Location: London
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    • Underwriter, Cyber - SCOR Business Solutions (SBS)

      London
      Full-Time
      43200 - 72000 ÂŁ / year (est.)
    • S

      SCOR

      1000-5000
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