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Property Underwriter

Date: Jun 10, 2021

Location: Singapore, HK

Company: SCOR


Singapore Hong Kong (HK) 


Property Underwriter 





          About SCOR         

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. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.


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.


Job Summary

  • Key role is to maintain and develop a profitable portfolio of APAC Property/Power accounts (focusing more on operational power risks) 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
  • Contribute to the overall results of the Group by sound technical and profitable underwriting
  • Develop SCOR’s market share and leadership position in Property/Power segment
  • Coordinate all marketing activities in APAC, representing overall Specialty Insurance (SI) and SCOR Global P&C’s interest in the market
  • Enhance Group image in the market by efficient and innovative support of client needs


Key duties and responsibilities


  • 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/Power business from various sources by independently analysing all information including risk engineering reports, calculate ratings, negotiate conditions of the contracts.
  • Contribute to the technical knowledge of sectors (e.g. Power) in which the jobholder is working.
  • Maintain relationships with clients, cedents and brokers.
  • Execute growth strategies including Key account management, and Cross Sell Initiatives. Support other SCOR lines by cross selling (Casualty, Alternative Solutions, Construction…).
  • Research, develop and report on new areas of profitable growth, particularly renewable power business.
  • Maintain an accurate database of risks accepted in various IT systems used by SI, e.g. Forewriter, Omega II, SalesForce.
  • Produce reports of various formats for reporting purposes as required.
  • Contribute to the claims settlement in conjunction with the claims department.


Special Projects:

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


Required experience & competencies



  • 5+ years underwriting experience in insurance/reinsurance market, Power Risk Engineering or Power Underwritering experience preferred
  • Working experience in international/multinational insurer/reinsurer
  • Proven underwriting skills for complex property program of large corporates (wordings, quotations)
  • Working experience and/or technical knowledge in power generation technology
  • Risk management knowledge
  • Reinsurance and insurance knowledge


Personal Competences:

  • Team player, good working knowledge of and relationships with colleagues in APAC, HO and subsidiaries
  • Proactive, motivated and result oriented
  • International minded
  • Knowledge of competitors, cedents and brokers within APAC market and internationally
  • Commercial and tactical vision – ability to successfully negotiate “face to face” with brokers
  • Combines strong technical skills with good commercial skills


Required Education

  • Tertiary, preferably from engineering discipline.