We are seeking a self-starter, highly motivated, Cyber insurance underwriter with a strong work ethic that will be responsible for working with the Global SBS Cyber team and growing the Cyber, Tech, and Cyber Property Damage books in North America.
Our ambition and responsibility go beyond underwriting: the candidate must be a team player willing to contribute to new business, renewal underwriting, business development, and long-term projects. He/she will need effective communication and project management skills to embark and work with all the external and internal stakeholders (Clients, Brokers, SCOR P&C teams, Claims, Actuarial, Legal, Underwriting Management).
We look for open-minded individuals with rational and structured decision-making capabilities and strong negotiating skills, with extensive broker relationships in large accounts, who can thrive in a fast-paced environment and work in a multi-cultural team.
Candidates should recognize themselves in the values of our organization:
Report to and support the SBS US RLM for new business development, renewal coordination, KPI monitoring, and portfolio management reporting
Coordinate underwriting activities in North America; manage broker relationships in NYC or Chicago supporting relationships in the South and West regions
Underwrite Cyber portfolio for Cyber, Tech, Property Damage
Regularly engage with the cyber pricing and claims teams; keeping them appraised of the latest developments of the cyber insurance marketplace
Identify and analyze existing and potential insureds, their cyber security posture, contractual mitigations, and insurance needs for primary and excess placements
Meet with brokers and insureds to establish SCOR’s position, carry SCOR's vision and mission to the marketplace, collect and analyze all the information needed for a through underwriting process
Proactively monitor marketplace intel, emerging legal and regulatory developments, and industry trends in property damage, cyber, technology, and media liability.
Represent SCOR in working groups, conferences, presentations, articles and associations
Be accountable for an efficient administration of his/her assigned portfolio as well as for planning/putting into action pre-underwriting and underwriting operations.
Comply with all Enterprise Risk Management rules
Bachelor’s degree or foreign equivalent
- Insurance or Cyber qualifications desirable
3-5 years experience in cyber underwriting analyzing technology errors and omissions (E&O) and cyber risk exposures of companies over $1 billion in revenue
Understanding of technology errors and omissions (E&O), Cyber forms and coverage types.
Established retail broker relationships in the US market (NYC or Chicago)
15% of travel required primarily nationally and occasionally internationally.
Telecommuting and/or working from home may be permissible pursuant to company policies. When not telecommuting, must report to work site.
Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.
Pay Range for roles performed in IL: $112,000-$137,000 NY: $121,500-$148,500 base salary per year. Actual salaries may vary based on various factors including but not limited to location,
experience, role and performance. The range listed is just one component of SCOR's total compensation
package for employees. Other rewards may include annual bonuses, short- and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance
coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
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.
