Lead Underwriter, Cedant Facultative Reinsurance

Overview
Lead Underwriter, Cedant Facultative Reinsurance - Property, APAC at SCOR
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying The Art and Science of Risk, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by The SCOR Way. Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
SCOR has created a new Facultative Reinsurance team, to further our success in this market. Whilst Facultative underwriting is not new to us, our focused approach will help secure our position as a market leader. Creating this book of business, in collaboration with the wider Insurance and Reinsurance teams is where this role begins.
Within this role, you are responsible for SCORs Facultative Reinsurance offering, across APAC, developing relationships with clients, and our underwriters.
As a Lead Underwriter, Property, APAC, you will drive the strategic engagement for our business development, including business origination and maintenance of the SCOR Cedant Facultative offering to clients and brokers, in the region.
You play a key role in the achievement of the Plan, and for the profitability of the Cedant Facultative transactions in your regional line of business, being part of the success of the underwriting team within the region. Your plan contributions form part of the regional and global Cedant Facultative ambition and is achieved through sound technical and profitable underwriting.
These goals are achieved through your skill at developing SCORs market share and leadership position across Cedant Facultative Reinsurance through enhancing the Group image in the market by efficient and innovative support of client needs, being the partner our clients not only need, but ask for.
Responsibilities
Strategic Client Engagement
- Support the development & delivery of the regional facultative ceding strategy across your line of business through the origination of placements in line with capacity and risk appetite
Team Collaboration
- Create strong, collaborative relationships with internal Reinsurance & Insurance leaders to drive the creation of profitable business, and ensuring SCOR is represented in an aligned manner to our clients
Market Negotiation
- Negotiate terms, pricing and conditions to secure and provide the best possible facultative reinsurance solutions, managing and prioritising facultative submissions
Portfolio Optimisation
- Manage and renew an existing portfolio of facultative deals currently in place, assessing placements against our risk profile to identify exposures
Analytics Discovery
- Collaborate with analytics and risk modelling teams to determine optional facultative reinsurance needs based on exposure and loss scenarios
Client Management
- Maintain relationships with clients and brokers, showcasing our position in the market, and additional value provided through our expertise
Operational Excellence
- Contribute to the deal maintenance, including reporting, reserving and claims settlements in conjunction with the relevant department
Compliance
- Ensure facultative placements meeting internal governance, compliance and regulatory requirements, firmly within our Internal Control Systems process and Guidelines within the region
New Market Ideation
- Stay informed on market developments, pricing shifts, and capacity changes, using this market intelligence to optimise facultative products, timing and structure
Qualifications
Industry experience in facultative underwriting for the
Property
business in an international environment
Comprehensive technical knowledge of subjects associated to facultative underwriting as well as a wider awareness of related actuary, accounting, legal, and regulatory topics
Cycle Management
- Able to build underwriting decisions and relationships around the markets cyclical nature; able to flex mindset around underwriting strategy, capacity management, portfolio management and long-term partnerships to achieve successful and profitable underwriting decisions
Commercial Business Acumen
- The ability to negotiate profitable business with a structure that works for both client and SCOR. Be the closer that leaves the client happy with the service provided, whilst maintaining correct internal risk management
Critical Thinking
- Assess complex risks, analysing market trends, and making data-driven underwriting decisions to improve profitability whilst mitigating exposure
Entrepreneurial Spirit
- Identifying new market opportunities, developing innovative products and adapting to emerging risks
Solution Mindset
- The ability to view a client problem and provide a range of solutions that could improve their risk profile or their solvency. Able to cross-sell when another SCOR proposition would best suit requirements. Be seen as a true advisor to the client; a go-to provider
Intellectual Curiosity (Continuous Learning Leader)
- Have the genuine desire to learn, understand and explore new ideas, concepts and perspectives, and produce credible industry collateral to positive SCOR as a Market Thought Leader
Cultural Awareness
- Understanding diverse market dynamics, regulatory environments, and client needs across different regions to build strong global relationships
Cross-Functional Collaboration
- Collaborate across departments to develop comprehensive and innovative risk solutions
Stakeholder Management
- Clearly able to explain risk decisions and understanding client needs; reflecting these is productive discussions to progress business relationships
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Other
Industries
Insurance Agencies and Brokerages, Insurance Carriers, and Insurance
#J-18808-Ljbffr