Quick overview
Job description
We are seeking a driven and analytical individual to help us enhance underwriting performance (gross and net), strengthen portfolio diversification, and reduce volatility, whilst navigating a softening market.
The role will act as a Business Partner to the CUO and a trusted advisor to the broader underwriting leadership team.
The Head of Underwriting Strategy & Performance will also support coordination of cross-functional initiatives involving underwriting, pricing, claims, actuarial, exposure management and reinsurance teams, support strategic planning, business reviews and Board / Executive Committee presentations
Key Responsibilities:
1. Improve underwriting net profitability & Portfolio Balance
Analyse underwriting performance to identify areas for improvement and profitability enhancement.
Help optimize reinsurance purchasing and efficient line size deployment
Support pricing and underwriting teams with data-driven insights for risk selection.
Help define portfolio positioning throughout the market cycle, including expansion, preservation and remediation strategies for individual lines of business.
Support in achieving right portfolio composition and balance
2. Performance monitoring & Portfolio Steering
Support the CUO in:
Owning and continuously enhancing the underwriting performance framework.
Coordinating performance reviews and support the ongoing development of Underwriting Committees.
Collaborating in developing Key Performance Indicators and tolerances to identify emerging risks and opportunities.
Working with underwriting teams to ensure agreed actions are implemented and their impact measured
3. Strategic Projects & innovations
Partner with data, actuarial and pricing teams to design and develop the analytical tools, dashboards and capabilities required to support underwriting performance management, portfolio steering and SCOR's market positioning
Collaborate with underwriting and leadership teams to ensure data-driven decision-making in fluctuating market conditions.
Support the strategic initiatives which directly impact and further SBS and CF ambitions, as we enter a new strategic cycle (e.g. Augmented underwriting, Algorithmic underwriting etc.)
Required experience & competencies
- Actuarial background is an advantage, but not a must
- Experience in insurance and underwriting
- Proven track record of applying commercial acumen for concrete business outcomes
- Strong numeric skills and ability to interpret complex data, analysis
- Highly organised with strong project management skills and the ability to manage multiple priorities simultaneously.
- Good team player, ability to develop network, internally and externally
- Ability to interact with stakeholders both locally in London and globally in a multicultural environment
Required Education
University Degree
Insurance or financial-related studies
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