Treaty Underwriter, Engineering

2 weeks ago

Singapore SCOR Full time
Job Description

The jobholder should recognize him/herself in the values of our organization:
  • We CARE about clients, people and societies
  • We perform with INTEGRITY
  • We act with COURAGE
  • We encourage OPEN MINDS
  • We thrive through COLLABORATION

Responsibilities

Key duties and responsibilities
  • Coordinates and drives the underwriting treaty activities related to his/her assigned area; manages client relationship and LOB portfolio for assigned markets in coordination with Specialty Line Engineering and Marine & Energy Regional Managers plus regional P&C market units and support functions.
  • Visits and meets with APAC clients and brokers frequently (with SL and/or P&C responsible or alone) to establish SCOR, to carry SCOR's vision and mission to the marketplace, to collect and analyse all the information needed for a proper underwriting process.
  • Responsible to fully document the outcome of the visit in Salesforce and to address/follow-up any related issue.
  • Responsible for the client relationship and the P&L results related to his/her assigned portfolio.
  • Identifies and analyses existing and potential target clients, their strategy, finance and needs.
  • Evaluate and analyse overall market potential.
  • Contribute to the elaboration and implementation of a strategy, client tactic as well as respective planning and accuracy of plan implementation in his/her area of competence in close coordination with Specialty Line Engineering plus Marine&Energy Regional Managers in line with our global plans
  • Accountable for an efficient administration of his/her assigned portfolio as well as for planning/putting into action pre-underwriting and underwriting operations.
  • Performs in-depth technical analysis of treaty business and assumes underwriting decision taking into account the inputs received from market responsibles, Actuaries, Nat Cat, Technical Accounting, Claims and Legal.
  • Supports Regional SL Managers for Referral escalation to Head of SL Engineering or Marine&Energy when appropriate and necessary.
  • Proactively monitors marketplace/market developments and explores trends / cycles and new potentials (ESG, Renewable Energy, Governmental Stimuli Packages, New Technologies, MGAs etc) in the reinsurance market and coordinates these findings with the respective departments.
  • Prices the treaties which are delegated to the underwriters i.e. categorized as A/B by our pricing team
  • Supports key treaty clients as well with Cedent Advisory Service based on Client segmentation
  • Contributes to the annual (pre-) planning process and presentations as well as workshops

Qualifications

Experience:
  • 5-10 years of reinsurance / insurance marketing / underwriting experience.
  • Good understanding and knowledge of the APAC construction and/or Marine&Energy markets
  • Solid network of brokers and/or cendants working in the engineering / construction (mainly CAR/EAR) sector or Marine&Energy sector
  • Engineering experience in an industrial environment is a plus
  • International experience including travelling

Personal Competencies:
  • Has at least one core competency (LOB,Actuarial,Legal,Finance) within the reinsurance / insurance area.
  • Combines commercial and technical skills to entrepreneurial spirit.
  • Has the overview and is capable to operate trade-offs that maximize client satisfaction and SCOR results.
  • Has decision making skills.
  • Is well structured, has excellent analytical and synthesis skills.
  • Effective negotiator and communicator.
  • Social competency; feedback oriented.
  • Consistent and highly reliable.
  • Delegates effectively.
  • Is capable to motivate people and to encourage knowledge sharing, participation.
  • Problem/conflict solving skills.
  • Energetic/Effective: drives things forward with initiative and ownership.
  • Capable to work under pressure remaining centered and objective even in stressful situation.
  • Ability to give constructive feedback.
  • Shows ownership in his duties and working areas and takes appropriate responsibility.
  • Is willing to learn and to develop him/herself

Required Education
  • University or similar education; preferably civil or mechanical engineering background.
  • Insurance/ Reinsurance qualifications desirable.
  • Asian languages are a plus

About Us

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. Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.

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