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Head of Life & Health India

12 years

0 Lacs

Posted:1 week ago| Platform: Linkedin logo

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Job Type

Full Time

Job Description

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. SCOR, one of the world's top 5 reinsurers, offers its clients a diversified and innovative range of solutions and services to control and manage risk. Applying the "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. As the Head of Life & Health, India, you are responsible for the development & management of SCOR’s long term L&H business strategies, client relationships, and profitable business with Life, P&C Companies (Health and Accident class) and Mono-Line Health companies in the India sub-continent. Key duties and responsibilities Responsible for designing and implementing the strategies for L&H India based on deep understanding of SCOR, competitive and overall market situations in India Principal contact point/interface as the Head of Life & Health business for the delivery of SCOR’s proposition to the local market – specifically Product, Pricing, Underwriting, Claims support for protection, Fin Sol and potential longevity solutions. Increasing influence and reputation for SCOR L&H business in India. Deep understanding about financial impact from new business generation & inforce management actions, work closely with other supporting teams to best manage local balance sheet and ensure maximize utilization of local capital Relationships Working with the proposition providers in the SCOR Group (Singapore hub and other parts of the SCOR Group as appropriate) to understand the opportunities and the nuance of the business in the region with a view to help the functions establish a profitable business portfolio in the market. Be the interface between the Life, P&C Companies (Health and Accident class) and Mono-line Health companies in the market and the proposition providers within SGL. Establishing good relationships with key stakeholders in the market (reinsurance buyers, underwriters, business development teams on behalf of the proposition providers). Work in close coordination with the Chief Executive Officer of India Branch. Keeping up to date with the Regulatory and market developments on the Life, Health and Accident space in the region for the primary market and reinsurance market. Member of the following committees: Executive Committee of SCOR SE India Branch Executive Committee of SCOR L&H APAC Required experience & competencies Education & Experience: Minimum 12 years of relevant working experience in an insurance/reinsurance business in India Strong market knowledge/awareness Required Education Bachelor’s degree Fellow of actuarial society (India, US, UK, Australian or equivalent) is preferred Personal Competences: Self-starter with resilience to co-ordinate and project manage to achieve the required outcome Excellent analytical and time management skills Team player with solution driven and result driven mentality Flexible, “can-do” attitude with interest in career and skill development Pricing knowledge is an advantage in Group and Individual Risk for an insurer or a reinsurer Ability to understand and navigate complex technical issues Treaty management experience Ability to forge high performing cohesive teams (including effective collaboration with regional and global support teams) Show more Show less

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