Longevity Research Actuary

This challenging role is in the longevity research team. SCOR’s Global Longevity team is growing rapidly. It’s commercial activities are expanding to include new markets and new products. This requires the support of a research team that can produce commercially viable and actuarially sound assumptions in new and changing environments.

• Supporting research and ongoing development of pricing bases for longevity pricing and valuation for pension schemes, individual annuities, medically underwritten annuities, and other products as required. The role will include exposure to global longevity markets.
• Support all aspects of understanding, pricing and managing longevity insurance risks, enhancing SCOR’s ability to write profitable new business.
• Adopt an agile and collaborative approach so that knowledge is widely shared and built into SCOR’s pricing.
• Support pricing of longevity tenders which will include experience analysis, proposal of basis and rate production with supporting documentation.
• Assist in the development of other team members, especially junior colleagues.
• Establish strong working relationships with SCOR colleagues both within and outside the Longevity Team, clients and industry contacts.

There will also be opportunity to gain exposure to all other aspects of longevity work so that the successful applicant can develop wider knowledge and skills.

This role would suit a nearly or newly qualified actuary, or a candidate who has experience in demographic research roles.

Responsibilities

• Deliver pricing bases that enable SCOR to write profitable new longevity business and develop its product offering.
• Keep abreast of major developments in the Longevity research field and Global Longevity markets.
• Ensure pertinent information is identified and used appropriately in quantifying expected mortality.
• Manage the analysis of ONS data, medical research papers, experience data and any other data identified to ensure the methodology is technically sound the results are pertinent and reliable.
• Ensure analyses are sufficiently documented to be checked and reproduced, and the results disseminated to SCOR colleagues. Provide suitable rationale and, wherever possible, implement quantitative methods to convert the analysis results to underwriting rules.
• Recommend mortality underwriting rules which reflect the risks without margins for prudence are configured to optimise SCOR’s competitive position follow from the analyses.
• Work with clients and with colleagues in different markets, and in SCOR’s central research areas, to share expertise and coordinate activities.

• Liaise with technical experts in SCOR Global Life to share expertise, coordinate activities and ensure SCOR presents a coherent view of the risks inherent in annuities.
• Monitor industry wide developments in pricing to ensure SCOR remains competitive and appropriate.
• Support team development. Develop the expertise and wider skills of junior team members and educate non-specialists.
• Promote the Longevity Team’s technical expertise, internally and externally.

• Support quote production where the Pricing basis requires adjustment.
• Take part in quote production when required to support SCOR’s new business ambitions.

Qualifications

• Experience of producing of technical actuarial work.
• Experience analysis, pricing or valuation of annuities or pensions.
• Educated to degree level with excellent academic record.
• Good understanding and direct experience of practical application of actuarial principles.
• Actuarial qualification or equivalent.
• Excellent technical modelling skills.
• Good communication and interpersonal skills.
• Good planning and work management skills.
• Ability to use analytical skills combined with sound judgement and commercial awareness.
• Experience of manipulating and analysing large, complex datasets.
• Experience of setting longevity, mortality or morbidity assumptions.
• Understanding of pension schemes.
• Existing contacts in the pensions bulk annuity or longevity risk industries.

About us

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.