Demo

SVP, Product & Innovation Manager

SCOR
New York, NY Full Time
POSTED ON 2/13/2025
AVAILABLE BEFORE 5/5/2025

Job Description

Within the Product and Innovation Team, you are Product & Innovation Manager in charge of (i) supporting Reinsurance and Specialty Insurance underwriting teams in their underwriting development projects and (ii) building a portfolio of new insurance products, systems and services (in-house and through partnerships). You will benefit from SCOR P&C resources and will interact with market / client managers to steer a wide range of initiatives including interaction with clients. Your generalist UW expertise, Data science interest and PMO capabilities will be key success factors for the Product & Innovation portfolio.

Responsibilities

As the P&C Product & Innovation Manager, you will support Reinsurance and Specialty Insurance underwriting teams in their efforts to develop insurance products and services for treaty and corporate clients :

  • Participate to any underwriting development projects :

either on Specialty Insurance or for our Reinsurance clients,

  • for mature products
  • and innovative opportunities.
  • Develop a pipeline of New Products opportunity :
  • Provide market insight and development

  • Investigate, analyze existing and new markets in the area and propose new solutions, new businesses to develop the existing portfolio
  • Investigate on partnership models
  • Evaluate and advice 3rd party providers
  • Support Underwriters on Innovation topics
  • Bring technical expertise on new product / services

  • Visit client with Underwriters when needed to present new products / services
  • Support underwriters in client negotiation if needed
  • Actively participate, contribute and collaborate to UW planning, business initiative and implementation process to both Reinsurance and Specialty Insurance
  • Based on your generalist expertise, work with SCOR P&C functions to evaluate various requirements of any Underwriting Development Project :
  • Risk modeling

  • Actuarial Pricing
  • Insurance Wording
  • UW guidelines
  • Distribution
  • Capacity / Reinsurance arrangements
  • Legal and regulatory
  • Based on your strong PMO skills, and leveraging the existing P&I core team experience, construct and lead deal teams across SCOR P&C to bring the necessary support to the execution of the successive steps of a specific Underwriting Development Project :
  • Opportunity identification

  • Feasibility study (including assessment of potential IT partner)
  • Proof of Concept (including management of potential IT partner)
  • Progressive UW delegation
  • Geographical roll-out
  • Produce reports of various formats for reporting purposes as required.
  • Qualifications

  • A minimum of a college degree, or equivalent experience, in Mathematics, Engineering or equivalent discipline. Business degree in addition would be a plus.
  • Ideally, a minimum of 10 / 15 years work experience on similar fields in an international environment
  • Strong experience in Data science
  • Ability to work within a team, to share work and information with other team members
  • Proven underwriting skills for diverse and large companies (wordings, quotations),
  • Proven International exposures,
  • Risk management knowledge, reinsurance and insurance,
  • Ability to define and implement a business plan
  • Ability to manage teams (direct and remote), projects and deals with their specificities
  • Communication, interpersonal skills
  • Analytical, organizational and reporting skills
  • Proactivity
  • Autonomy
  • Curiosity
  • Flexibility
  • Negotiation skills
  • Ability to travel up to 33% FTE
  • Spanish language would be a plus
  • Hybrid Work Policy : SCOR is committed to an "in-office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

    Pay Range for this role : $178,000-$260,000 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."

    About Us

    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.

    Salary : $178,000 - $260,000

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