Trainee Reinsurance Underwriting for Northwest Europe

We offer a Trainee position within our Northwest European (NWE) team that is responsible for property and casualty (P&C) treaty reinsurance in the UK, Nordics and the Netherlands. SCOR has a leading position in these markets, with a broad and diversified portfolio, offering our clients a range of innovative solutions and services to control and manage their insurance portfolios. We are an international team that is split between Cologne and London who work in an agile manner.

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.

We are looking for a motivated young professional with or without reinsurance experience who is eager to get to know a leading reinsurer being located in the heart of Cologne. The traineeship is clearly focused on underwriting tasks, such as analysis of insurance portfolios and structuring of reinsurance contracts, however there will also be stages with all supporting functions like the actuarial, modeling, claims, accounting and legal departments. On top, there will be the possibility to participate in projects, both in Cologne and London. During the 24 months traineeship the trainee will be able to develop the necessary skillsset for a junior underwriter position.

What awaits you?

Underwriting/Pricing

• Learn how to analyze and price the underlying business
• Assist in preparation of offers for reinsurance programs
• Assist in monitoring of the performance of the treaties

• Contract Certainty/Administration
  • Learn how to prepare, review, adjust and sign contracts
  • Learn to use all SCOR´s internal admin systems
  • Prepare presentations and statistical analysis for internal use
  • Learn to apply and follow our internal guidelines during the underwriting process

• Special Projects:
  • Contribute to projects in the field of e.g. innovation, transformation, digitization, product development, technical underwriting, etc.