Construction Underwriter

2 weeks ago


Singapore SCOR Full time

To underwrite corporate construction business in the Asia-Pacific Region, with the following focus:

- Develop and manage business with placement brokers in Singapore
- Develop and manage business with local cedants and brokers in ASEAN and India markets
- Advocate SCOR’s value propositions and build & maintain SCOR reputation in the Construction Market

**Who we are**

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.
- Proactively manage prospective construction opportunities in the target segments by early engagement with distribution channels
- Generate new offers and promote the Group by pro-active 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.
- To provide tailor made solutions and ensure a profitable portfolio.
- Contribute to the technical knowledge of sectors in which the jobholder is working.
- Conduct client visits and presentation on technical matters relating to Construction
- 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.
- Produce reports of various formats for reporting purposes as required.
- Contribute to the claims settlement in conjunction with the claims department
- Positively interact with various internal stakeholders within SCOR

**Experience**:

- 3 to 5+ years of working experience in construction industry; plus
- 3 to 5+ years of experience in construction insurance/reinsurance market

**Personal Competences**:

- Team player: active engagement and contribution to the team
- An enquiring mindset with the ability to work independently as a motivated and pro-active self-starter
- A clear understanding of the value and role of leadership together with an active approach to risk management
- Self-disciplined, 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

**Required Education**
- Bachelor’s degree in Civil Engineering / Mechanical Engineering / Electrical Engineering / Chemical Engineering

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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