Underwriting Intern

SCOR

Singapore
Training
Full-time

1 month ago

Job Description:Who we areSCOR, 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 SummaryThe 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.Responsibilities: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 Power
Compare year-on year changes in risk profile, as well as underwriting terms and conditions
Perform benchmarking analysis, by occupancies and countries
Review contract wordings per SCOR Underwriting Guidelines
Ensure contract details are accurately entered in SCOR Underwriting Platform
Conduct research on markets, segments or industries for business development potential
Other duties and/or projects as assigned

Qualifications:Required Skills/Competencies

Curiosity; strong desire to develop knowledge in (re)insurance industry, particularly in the field of underwriting
Strong analytical and problem-solving skills
Resilient, adaptable, and comfortable in working under pressure and uncertainty
Attention to detail and accuracy
Fast 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 study
Minimum 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

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.

SCOR

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