Construction Underwriter

2 weeks ago

Singapore SCOR Full time
Construction Underwriter - APAC


Within SCOR Global P&C, SCOR Specialty Insurance (single risk) is the central unit dedicated to insuring the business risks faced by large corporate companies.

It has been serving its customers for 45 years and has 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 structured around four regions (LATAM, NA, EMEA, APAC) through seven global lines of business (Property, Construction, Energy, Casualty/Financial Lines & Executive Risks, Marine/Transport, Political/Credit and Political Violence, Space/Aviation).

Clients in each region are served by specialized underwriters who rely on SCOR's technical expertise and client knowledge.

Responsibilities
As a Construction Underwriter based in Singapore, you will be a part of the regional construction team.

Under the authority of Hong Kong-based APAC Head of Construction and Zurich-based Global Head of Construction, you will underwrite construction business in the Asia-Pacific Region.

This role will be stationed in Hong Kong for the first 12 months as part of training program.

Key duties and responsibilities

  • Underwrite, build and maintain a profitable construction portfolio in accordance with the SI underwriting guidelines
  • Market the SI capabilities and products to Corporate Risk Managers, Brokers and Ceding companies in APAC
  • Research latest risk management practices, loss lessons learnt, and analyse the portfolio results and market data, leading to produce various marketing and business intelligence documents
  • Report regularly on accounts and marketing activity
  • Proactively manage prospective construction opportunities in the target segments by early engagement with distribution channels
  • Generate new offers and promote the Group by proactive marketing in accordance with the defined strategy and risk appetite.
  • Receive, select and evaluate offers of Construction business from various sources by independently analysing all information including risk engineering reports, calculate ratings, negotiate conditions of the contracts.
  • Contribute to the technical knowledge of sectors in which the jobholder is working.
  • To cultivate relationships with clients, brokers and cedents for business development purposes and explore new business potential through these sources
  • Execute growth strategies including Key account management, and Cross Sell Initiatives. Support other SCOR lines by cross selling (Casualty, Alternative Solutions,...).
  • Maintain an accurate database of risks accepted in various IT systems used by SI, e.g. Forewriter, Omega II, UP, SalesForce.
  • Contribute to the claims settlement in conjunction with the claims department
  • Positively interact with various internal stakeholders within SCOR

Qualifications

  • Bachelor's degree in Civil Engineering
  • At least 7 years of working experience in construction industry, preferably with experience working in heavy civil construction site
  • Open to be based at Hong Kong for the first 12 months as part of training program
  • Prior experience in construction insurance/reinsurance market is a plus but not necessary
  • Team player: active engagement and contribution to the team
  • An enquiring mindset with the ability to work independently as a motivated and proactive selfstarter
  • A clear understanding of the value and role of leadership together with an active approach to risk management
  • Selfdisciplined, principled and decisive decision making
  • Organised and able to prioritise under pressure
  • Ability to evaluate, condense and summarise key information
  • Confidence to develop and maintain a network of brokers and clients
  • Excellent communication and presentation skills and confident to represent SBS at conferences, meetings or professional associations
  • Prepared to travel extensively

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 an

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