Underwriting Intern

Location: Singapore Department: Underwriting / Sales

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.

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

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; full time commitment is required