Underwriting Intern

SCOR; Singapore; On-site; SGD 20,000 - 27,000; Part time

Job summary

SCOR P&C's internship in Specialty Insurance provides hands-on exposure to underwriting within a global reinsurer. You will assist underwriters with Property and Power risks, review contract wording, and help with data entry on the underwriting platform.

Work closely with cross-functional teams to develop analytical and communication skills in a multinational setting.

Qualifications

• Currently pursuing Bachelor’s or Master’s Degree in business, economics, statistics or engineering; final or penultimate year preferred.
• Minimum commitment period of 6 months; full-time commitment required.
• Interest in (re)insurance and underwriting is a plus but not required.

Responsibilities

• Assist underwriters in evaluating and analysing risks for Property and Power accounts.
• Compare year-over-year risk profiles and underwriting terms and conditions.
• Conduct benchmarking by occupancies and countries and review wordings per guidelines.
• Ensure contract details are entered accurately in the underwriting platform.
• Support research on markets, segments or industries for business development.

Skills

Curiosity

Analytical thinking

Problem-solving

Attention to detail

Communication skills

Proactive

Fast learner

Team collaboration

Education

Bachelor’s or Master’s Degree in relevant disciplines

Tools

Microsoft Excel

Job description

Within SCOR 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 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.

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 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

• 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; full time commitment is required

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.