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jobs description

Key role is to maintain and develop a profitable portfolio in Korea (focusing mainly on Property, Energy and/or Construction) through his/her relationships with brokers and through new sources, within the guidelines specified at group level that will contribute to the achievement of the underwriting plan.

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.

Who we are

Within SCOR P&C, SBS 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 & Power, 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.

Job Summary
- Contribute to the overall results of the Group by sound technical and profitable underwriting.
- Develop SCOR's market share and leadership position in Large Corporates, Complex Risks and Mega Projects
- Coordinate all marketing activities in APAC, representing overall SBS and SCOR P&C's interest in Korean market.
- Enhance Group image in the market by efficient and innovative support of client needs.
- Actively review new submissions and determine risk quality and pricing terms in line with underwriting guidelines, pricing tools and market conditions.

• 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 Property, Energy and 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.
• 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 SBS, e.g. UP, Omega II, 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 other departments and colleagues in SBS and elsewhere throughout all Underwriting Centres (Singapore, London, Paris,..)

Special Projects:
• Engage in global underwriting projects and/or transversal initiatives.

• 3-5+ years underwriting experience in insurance/reinsurance market in Korea, writing Property, Onshore Energy and/or Construction risks.
• Working experience in international/multinational insurer/reinsurer.
• Proven underwriting skills for insurance program of large corporates and/or mega projects (wordings, quotations).
• Working experience and/or technical knowledge in heavy industry, onshore energy, or construction projects would be advantages.
• Risk management knowledge.
• Reinsurance and insurance knowledge.
• Knowledge of competitors, cedents and brokers within Korea and international market

Personal Competences:
• Team player, high collaborative mindset to work with colleagues in APAC, HO and subsidiaries.
• Proactive, motivated and result oriented.
• Curiosity, keen to take on new challenges and responsibilities across multiple Line of Business.
• Resilience, able to work under pressure with competing priorities.
• International minded.
• Commercial and tactical vision - ability to successfully negotiate "face to face" with brokers.
• Combines strong technical skills with good commercial skills
Seoul South Korea


Apply - Property Underwriter Seoul