SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Using its experience and expertise, “ The Art & Science of Risk ”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations. SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.
- Job Summary
This role’s mission is to provide reliable, accurate and efficient support to the Underwriting team and provide quality customer service to all key brokers, clients and third parties
Work in proximity with underwriters to maintain and develop a profitable SBS’ portfolio by handling various underwriting related activities.
Proactively handle (or supervise) the pre-underwriting process including handling of submissions, data capture (DCS), nat cat modelling and pricing.
Contribute to efficient underwriting analysis and accurate benchmarking.
Carry-out the contract administrative duties regarding preparation of legal referrals, ensure complete underwriting files, client creation in systems and preparation of underwriting checklists.
Liaise/communicate with internal and external stakeholders to handle contractual documentation, technical accounting, premium closing, claims notifications and joint-underwriting approvals.
Produce regular and ad-hoc reports related to marketing, underwriting and claims activities
- Key duties and responsibilities
Manage opportunities - entering of enquiries, quotes, new and renewal business and endorsements into core underwriting administrative systems in accordance with underwriting process and to required level of accuracy.
Research on submissions using appropriate sources e.g. Exclusive Analysis, Internet etc.
Provide pre-underwriting and rating support to Underwriters, ensuring calculations of premiums and local taxes are accurate for reporting requirements.
Download UW submissions, provide instructions to TAs and fill out sanctions questionnaire/KYC screening
Organise data in DCS (instructions/queries), or supervise accuracy through data verification and integrity checks.
Analyse renewals and changes focusing on SI, LOL, deductibles, rates, deductions, sub-limits. Perform benchmark comparing by occupancy by countries and completing benchmarking table/spreadsheet.
Legal Referrals including: Fac Cert/Reinsurance Terms and Conditions, NDA/Lender's Clauses, Sanctions Clause, Anti-money laundering/anti–terrorism financing, Cancellation Clause
Create new clients on SalesForce, execute KYC Bridger Screening, Prepare CC/UW Checklists, Follow-up on policy wording
Follow-up and monitor with Technical Accountants discrepancies on technical accounting premium & closing. Clarify premium issues: tax, breakdown, terrorism premium etc.
Claims notification management: identify contracts, shares, limits, reserving etc.
Monitor with SCOR UK to obtain clearance & UW authorisation checklists for JU approvals. Finalise files with UW info package: breakdown of premium for tax, terrorism premium and policy wording. Follow-up with SCOR UK legal for legal referrals and follow-up for claims/refund/fees related queries.
Work closely with Marketing & Distribution/Finance/Claims team to ensure production of accurate report related to marketing, underwriting and claims
- Required experience & competencies
Industrial and/or previous corporate working experience preferred. Candidates with strong academic credentials and suitable expertise may be considered without previous work experience
Working experience in international insurance, or reinsurance company or broker preferred
IT or data analytics abilities
Curiosity, Keen and Fast learner
Good interpersonal skills
Proactive and committed
- Required Education
Tertiary, preferably from engineering discipline.
Insurance and/or Reinsurance knowledge would be preferable