Pricing and accumulation of catastrophe risk reinsurance contracts underwritten from Zürich/Cologne, including the support of the business activities outside of the renewal season.
Contribution to various NatCat related projects, depending on the skills of the candidate, preferably to R&D research projects.
In a team of Cat experts, the candidate will be involved in day-to-day business support for providing NatCat expertise with pricing and accumulation work.
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Collaboration in market studies, peril-specific research, model evaluations and other global Cat related projects will be an important part of this role, outside of the renewal season.
- Support the Cat Manager, Zurich/Cologne treaty with the catastropherisk management of SCOR’s portfolio
- Support of business written from Zurich and Köln with day to day:
- pricing and
- accumulation
- portfolio optimization
- Support and communicate with underwriters and other internal stakeholders on above
- Support business as requiredwith appropriate projectson NatCat cat topics, includingclient deliverables
- Support business as required with client visits
- Understand assigned market specificities and relationship to modelling best practice, developing this
- Help to develop pricing/accumulation methodologies for territories or lines with no models,or where those available are consideredunsuitable
- Understand and interrogate vendormodels to developappropriate adjustments for pricing and accumulation to reflect internal view of risk
- Understand and synthesize new developments from the modellingcompanies
- Contribute to development and implementation of consistent process and procedures for pricing and best practices for modelling
- Contribute to research relatedto better understanding of natural perilsand other relevant issues, especially climatology
- Collaboration in Climate Change studies
- Contribute to global projects and provide expertise to Nat Cat transverse functions (Cat Systems, Cat Analytics, Model Research and Evaluation and Solvency 2)
- Specialist knowledge of peril science, ideally meteorology
- Preferably knowledge of pricing approaches or background understanding of reinsurance
- Have, or be able to develop, a comprehensive understanding of the assigned markets
- Candidate will have cat modeling and pricing experience from a reinsurer ideally with experience in European markets
- Experience building or interrogating catastrophe models or developing pricing methodologies a plus.
- 2+ years’ experience as cat modeler plus advanced study, or more relevant experience in other cat areas such as R&D.
Personal Competencies:
- Clear communicator, able to structure an argument
- Self-starter with persistence and enthusiasm
- Sense of humour
- Strong team-player and proven adaptability and mental flexibility
- Pro-active, hands-on mentality and can-do attitude
- Strong analytical skills
Digital Competencies:
- User of catastrophe models, RMS and AIR, ELEMENTs preferable
- GIS skills ideal
- Comprehensive programming experience, ideally in R, to support cat data analysis and processing projects
Required Education:
Master degree or PhD in Natural Science or Mathematics or Engineering; Degree and/or evidence of significant interest in science associated with cat modelling.
Required languages:
- English: Oral / Written
- German: Oral / Written
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.
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