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SVP, Product & Innovation Manager

SCOR
New York, United States, United Statesfull_timeVerifiedPosted 13 Jan 2025
💰 $260,000/yr($178,000/yr$260,000/yr)

About the role

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. 

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.
  • 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.<

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SCOR

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