Olivier Perraut, Chief Underwriting Officer, Specialty Insurance at SCOR Global P&C, and Lydia Sandner, Senior Associate, ESG Ratings and Regulatory Affairs, ISS ESG, explored at the 2019 SCOR Annual Conference the value of a company seen as closely tied to its relationship with its stakeholders and society and the ways in which this can be concretely assessed.
For the reinsurance business, climate change promises to offer growing cause for concern not only in terms of physical disruption and damage, but also with regard to the financial risks involved in transitioning to a low-carbon economy.
Working with SCOR means belonging to a group for which technical expertise, open-mindedness and people skills are crucial
At SCOR you will find a dynamic work environment that encourages you to continuously embrace new challenges. You will evolve within a successful organization and work with world-class industry experts. SCOR’s strong team spirit, combined with the global scale of our business, will provide you with unique opportunities to work with clients and colleagues across the world.
SCOR’s teams are supported by the Group’s network of in-house specialists, whose high level of expertise is recognised by the markets. In the Life insurance sector, for example, our doctors study the risks attached to certain illnesses, while in the Non-Life sector we consult engineers and experts working in various fields such as agricultural risks, aviation and loans. SCOR also entrusts its experts with the management of its own risks, notably with regard to natural catastrophe exposure.
Actuaries update pricing parameters in accordance with statistical data and assist with underwriting decisions. They also create new products, develop databases and pricing models and are involved in the creation of business plans. As a SCOR actuary, you will significantly broaden your skills set, with many opportunities for international development. Becoming an actuary with the Group represents a particularly stimulating career opportunity. These roles blend technical competence, excellent knowledge of the industry and the different activities involved, creativity, interpersonal communication skills and self-motivation. For the right individuals, SCOR has numerous job opportunities.
Underwriters are responsible for negotiating contract terms and conditions. They have an excellent knowledge of their clients' businesses and of the local markets, which means that they can offer fully tailored solutions. In order to best advise their clients, they also consult Group experts and visit client companies (our cedants) on a regular basis.
ERM, which means “Enterprise Risk Management”, is particularly important for an international reinsurer like SCOR. We underwrite risks in virtually every country throughout the world. We assume a very wide range of different types of risks, including mortality, morbidity, property, casualty, and all the risks that come with managing an asset portfolio.