Accumulations Lead, Casualty

SCOR; Greater London; On-site; GBP 80,000 - 110,000; Full time

Job summary

A leading reinsurance firm in Greater London is seeking an expert for groupwide accumulation management of casualty-related exposures. The successful candidate will oversee casualty risk compliance, enhance risk tools, and require extensive experience in actuarial or quantitative areas. Strong analytical and communication skills are essential, along with collaboration across teams. Digital skills in programming languages like R or Python are also beneficial. This role is pivotal in supporting the company's strategic objectives.

Qualifications

• Extensive insurance or reinsurance experience in actuarial or quantitative areas focused on Casualty.
• Hands-on leadership with excellent communication skills.
• Good understanding of Actuarial/Risk Assessment/Financial Techniques.

Responsibilities

• Lead groupwide accumulation processes for casualty-related exposures.
• Monitor casualty accumulation risks and compliance.
• Enhance tools supporting the risk accumulation process.

Skills

Analytical skills

Communication skills

Collaborative spirit

Actuarial knowledge

Risk management

Tools

R

Python

Job description

The position leads groupwide accumulation management for casualty-related exposures, playing a pivotal role in supporting SCOR’s strategic objectives and enhancing the performance of casualty lines of business. Key responsibilities include :

Defining and continuously improving the scope and processes for accumulation control and risk selection to align with strategic goals.

Monitoring casualty accumulation risks and emerging trends to ensure compliance with established capacity limits.

Overseeing regulatory and rating agency reporting, and contributing to major event response and loss estimation efforts.

Supporting underwriters during client engagements by providing insights on casualty exposure data and accumulation metrics.

Coordinating with internal stakeholders and external vendors to advance modelling capabilities and uphold data quality and consistency.

Enhancing, harmonizing, and maintaining tools and systems that underpin the risk accumulation framework.

Expertise in Property and Casualty risk modelling and aggregation, particularly in U.S. Casualty, is essential. The role also requires strong collaboration across multiple functions, including underwriting and management, actuarial pricing and reserving, legal, and claims.

Team Lead for the exposure management of Casualty exposures

Lead the groupwide accumulation processes from all major risk sources for all casualty related exposures.

In collaboration with the Casualty CUO and other Casualty UW experts;

Define new risk scenarios to continuously assess emerging risks and challenge the accumulation approach, including leveraging from data sources which reflect social, technical and legal factors to develop more comprehensive and forward-looking views of the casualty landscape and improve underwriting risk selection and risk mitigation.

Steer the portfolio through analyses of the evolution of accumulation and portfolio optimization analyses & develop a strong relationship with business partners across both Divisions to implement a well-defined process for monitoring and management of capacities.

Training of Casualty underwriters on the new Casualty Capacity framework such that during the renewal the understanding of the consumed capacity is clearly understood and adherence to the capacity limits can be effectively controlled as well as supporting underwriters during client visits when exposure data and Accumulation are topical.

Monitor P&C’s risk profile and define alert trigger point and referral process for risk accumulation.

Leverage from the accumulation output to challenge / re-calibrate the P&C Capital Modelling Tool.

Manage all regulatory and rating agency reporting requirements for the Group and legal entity, including ORSA and governance documentation whilst coordinating with the Group’s global risk reporting community.

Contribute to the groupwide casualty related major event response with catastrophe loss estimation, in close coordination with claims, underwriting, actuarial.

Actively contribute to various ERM initiatives including ad-hoc reporting requests, risk assessments on emerging risks, internal and external audits, risk training etc.

Member of the Global Accumulation Committee

Team Lead for the development, maintenance and update of the tools and processes supporting the Casualty related Accumulation Management

Processes :

Establish a strong relationship with the owners of the data feed by establishing a well-defined process.

Develop new methods & process to enhance SCOR’s casualty catastrophe modelling capabilities and quantification of casualty risks.

Harmonize the approach for the risk identification and aggregation, the assessment, the monitoring and the reporting of the accumulations at various levels (risk, portfolio, cedent, region, country, entity, division…)

Define and implement guidelines on data (structure and type) needed for the analysis of the accumulations (including refinement of the optimal frequency of updates)

Tools :

Enhance, harmonize and maintain the tools and systems to support the risk accumulation process

Develop a strong relationship with SCOR’s casualty vendor models to including coordination with central functions on licensing and contract renewal negotiations.

We are ideally looking for candidates who have the following experience and competencies :

Experience :

Extensive insurance or reinsurance experience in actuarial or quantitative areas such as capital modelling, pricing and / or reserving or technical underwriting, with a focus on Casualty related lines with a significant concentration of this experience related to US Casualty.

Personal Competencies :

Excellent Analytical and Synthesis skills : Drills down to explore root causes of observable facts; is able to reduce complicated factual contents to the essentials.

Sound knowledge of insurance / reinsurance business and principles.

Hands-on leadership with excellent communication skills : Has very good listening skills and communicates clearly and concisely verbally and in writing at all levels

Collaborative spirit : key to both the risk aggregation process

Good understanding of Actuarial / Risk Assessment / Financial Techniques in particular related to the aggregation of risks.

Digital Competencies :

Experience in using standard business software a must. Competence in a language / tool supporting numerical programming very useful (e.g. R, Python), noting that the role will have expert support in this area from other team members.

Managerial competencies :

None, but as an expert will provide mentoring and coaching to team analysts / interns