Underwriting Intern

4 weeks ago

Singapur, Singapore SCOR Full time

Who we are

SCOR, one of the world’s largest reinsurers, 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 (L&H) and Property & Casualty (P&C) insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

Within SCOR P&C, SCOR Business Solutions (SBS) is the central unit dedicated to insuring the business risks faced by large corporate companies. It has been serving its customers for more than 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 three regions (APAC, EMEA, US) through various lines of business (e.g. Property, Construction, Energy, Casualty/Financial Lines, etc.). Clients in each region are served by specialized underwriters who rely on SCOR's technical expertise and client knowledge.

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.

Job Summary 

The Underwriting Intern will be working closely, and alongside the underwriters in SCOR Business Solutions (Property and Power) team in APAC. 

This internship provides a fulfilling exposure to insurance and reinsurance industry. Through close collaboration with experienced underwriters in the team, as well as colleagues in other cross-functional teams, this internship will provide a good head start in a career of Underwriting. The Intern will also gain valuable insights and experiences of working in multinational corporations like SCOR. 


Key Duties and Responsibilities

Assist underwriters in day-to-day tasks, including evaluating and analysing risks, for both new and renewal accounts of Property and PowerCompare year-on year changes in risk profile, as well as underwriting terms and conditionsPerform benchmarking analysis, by occupancies and countries Review contract wordings per SCOR Underwriting GuidelinesEnsure contract details are accurately entered in SCOR Underwriting PlatformConduct research on markets, segments or industries for business development potentialOther duties and/or projects as assigned

Required Skills/Competencies

Curiosity; strong desire to develop knowledge in (re)insurance industry, particularly in the field of underwritingStrong analytical and problem-solving skillsResilient, adaptable, and comfortable in working under pressure and uncertaintyAttention to detail and accuracyFast learner, self-motivated, proactive and committed Good interpersonal and communication skills International minded, ideally from overseas experiences such as exchange semester, OCIP, overseas internship, etc. Proficient in Microsoft Office, particularly Excel Prior internships or working experiences in insurance or underwriting considered a plus, but not required

Required Education 

Currently pursuing Bachelor’s or Master’s Degree in relevant disciplines (e.g. Business Administration, Economics, Statistics, Engineering, etc.), preferably in the final or penultimate year of studyMinimum commitment period of 6 months from June 2024 onwards; Potential continuation of internship on part-time basis (e.g. 3 days per week) can be arranged for suitable candidates

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