The key areas of this position will be :
- Provides risk engineering support to the SCOR SBS Power Generation Underwriting Team. She/he may support other SCOR underwriting lines where Power Generation, Utilities, and Machinery Breakdown perils are prevalent.
- Advises the SBS Underwriting Team about client risks, risk quality and loss estimates, through site surveys/desktop reviews of operational power generation risks, EAR risks, and project endorsements to operational policies.
- Provides external and internal Power Generation Clients with risk related training/seminars.
- Assists the SCOR Claims Team (Power Generation).
- Contributes to the SCOR Risk Control Practices know-how evolution, with technical guidelines, methodologies, tools developments, technology watch etc. (Powergen).
- Supporting SCOR P&C Specialty Insurance Underwriting and Reinsurance Treaty teams dealing with Power Generation & Utilities. Risks include operational Power Generation (conventional, renewables and transitioning accountys) and Utilities.. LoB include: Power Generation, Energy and Heavy Industries (pulp & paper plants, steel, aluminium, etc.); operational and CAR/EAR accounts.
- Leading/attending insurance surveys/visits, and producing internal/market engineering survey reports for SCOR insureds and prospect risks based on SCOR methodologies and templates.
- Performing risk assessments, risk quality rating, replacement valuation assessments (SCOR software) and loss estimates upon SCOR methodologies and templates.
- Peer reviewing survey reports released by consultants and broker risk engineering.
- Reviewing and advising Underwriting Teams about CAR/EAR Power risks and technical advising about project endorsements to Operational policies.
- Developing, reviewing, enhancing Powergen risk engineering guidelines, methodologies, risk rating, report templates, risk assessment, loss estimate methodologies and guidelines.
- Keeping the Scor Power (turbines) technical database up to date dealing with market experts and OEMs.
- Providing technical assistance to the SCOR claims department reviewing loss adjuster reports, identifying causes that have led to the loss, and facilitate internal lessons learned from losses papers/slides.
- Supporting SCOR clients (i.e. corporate risks) or Insurance Companies to establish Risk Management programs including the introduction of Risk Control programs.
- Developing risk control training modules and leading seminars for SCOR UWs and clients.
- Assisting the RCP Leader in managing SCOR Powergen consultants/contractors.
- Assisting the RCP Leader with the survey plan and resources allocation
- Building internal and external networking and taking active part of the London market network of Risk Engineers/Underwriters and industry experts, including partnership with specialized companies and freelance consultants.
Required experience & competencies
- Bachelor/MSc on Electrical or Mechanical Engineering.
- Extensive industry experience as a Power Engineer with power generation companies.
- International expertise in Insurance/broking Power Generation Risk Engineering roles, including expertise in machinery breakdown.
- English is the business language internally and with clients.
- Any other language is a plus.
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.
Skills Required
- Bachelor or MSc in Electrical or Mechanical Engineering
- Extensive industry experience as a Power Engineer with power generation companies
- International experience in insurance/broking Power Generation Risk Engineering, including machinery breakdown expertise
- Experience performing risk assessments, replacement valuation assessments and loss estimates using SCOR methodologies and templates
- Fluent English (business language)
- Knowledge of additional languages
What We Do
SCOR, one of the world’s largest reinsurers, serves more than 5,000 clients worldwide, providing a diversified and innovative range of solutions to control and manage risk. SCOR delivers advanced financial solutions, analytics and services across all dimensions of risk in Life & Health, Property & Casualty, and Investments. Reinsurance lies at the intersection of technical expertise and scientific progress. Models, data, and pricing and reserving tools are essential, yet they are never sufficient on their own. Sound risk decisions require expert judgment, experience and perspective. This is what we call the Art and Science of Risk. Reinsurance is a knowledge industry, where expertise grows through accumulation, transmission and practice. Across the Group, 3,600 experts based in more than 35 offices worldwide contribute to this collective intelligence. Actuaries, underwriters, risk management specialists, and Tech & Data experts transform data into insight, explore extreme scenarios, define the boundaries of insurability and help anticipate emerging risks. Together, they strengthen the resilience of SCOR, our clients and the societies we serve. This expertise is built through shared experience,continuous questioning and collective reflection. Like artists, we belong to schools of thought, learning first to observe, then to replicate, and ultimately to innovate. This ongoing transmission of knowledge enables SCOR to develop a distinctive approach, combining rigor, creativity and long-term vision in the service of risk mastery. This shared commitment underpins SCOR’s role as a global reinsurer. By turning risk into resilience and sustainable value, our collective of experts acts with responsibility and purpose. Together, we help protect the future, and shape it, for our clients, for society and for generations to come.
