Life and Health CRO

Life and Health CRO

Job Description

The Life CRO Life and Health leads the second line involvement for BU’s Risk Appetite Framework and operates as a second line function with oversight of pricing, conducts independent scenario assessment to understand the impact of adverse events across BU activities and discusses mitigating actions proposed by the BU. The role champions a collaborative and inclusive risk culture, identifies emerging risks, and leads a diverse, high-performing risk management team. The Life and Health CRO is accountable for delivering high-quality risk reporting and driving execution of strategic risk initiatives through effective project management. The Life and Health CRO cultivates a vibrant life risk community across the risk organization to share knowledge around all life topics.

Responsibilities

Act as a Strategic Partner for Business

BU Strategy: Leads the Risk management involvement in the BU strategy

Risk identification and monitoring: Proactively supports risk identification and management in the BU and collaborates with BU ExCo to develop mitigation action plans (e.g., strategic and operational planning, reviewing key risks, assessing new product implementation).

Risk Appetite and group risk limits: Leads the design and implementation of the Risk Appetite and group risk limits for the BU.

Risk Analysis: Conducts scenario assessments to understand the impact of adverse events across BU activities and formulates mitigating actions.

Reinsurance & Capital Optimization: In strong collaboration with Risk Capital provides risk input into BU reinsurance strategy and capital optimization decisions, ensuring alignment with BU risk appetite

Lead Day-to-Day BU Risk Agenda

Pricing: Oversees BU pricing through reviews, deep-dives, and critical challenges of parameters, focusing on second-line oversight.

Deal Review: Provides independent second line opinion on deals for risk management referrals and the group underwriting committee.

Underwriting Risk: Reviews adherence to the Underwriting Risk Policy and provides independent review and risk opinions on material business decisions.

Legal Entities: Oversees LE CROs to ensure regulatory compliance and governance, escalates key topics to the Group CRO, and bridges local mandates with strategic oversight.

Risk Analysis and Reporting: Defines and leads risk analyses and scenarios. Owns messaging and interpretation of analyses and risk results for key reports (e.g., Risk Dashboard, ORSA) and collaborates with the Risk Reporting team for timely, quality outputs.

Control Systems : Ensures that control systems are in place and function effectively.

Stakeholder Communication and Culture: Promotes a strong risk culture across the BU and communicates risk insights to internal stakeholders and external parties

Identify Risk & Challenge Risk exposure

Accumulation: Provides second-line oversight on biometric risk exposure accumulation across all businesses. Ensures appropriate monitoring, challenging, and offering risk opinions on operational limits.

Risks identification: Identifies forward-looking risks by spotting trends – including emerging risks - anticipating business impacts, initiating discussions with BU ExCo, and recommending mitigation actions or process adaptations.

Community Leadership and Coordination

Leads the BU Risk Management Community, fostering alignment across BU-specific risk topics.

Coordinates with the broader Risk Function and BU leadership through regular forums like CRO Leadership Team meetings and BU ExCo meetings.

Leadership

Leads, recruits, develops and retains top talent within the BU Risk Management team, fostering a high-performance culture through coaching, feedback, and career development. Ensures succession planning and that the team is equipped with the skills and mindset to meet evolving risk challenges.

Project Management & Execution: Leads and oversees strategic risk-related projects and initiatives, ensuring timely delivery, stakeholder alignment, and measurable impact. Applies project management best practices to drive execution and continuous improvement.

Qualifications

Required competencies

Strategic Thinking & Business Acumen: Ability to connect risk insights with business strategy and influence decision-making at executive level.

Technical Expertise: Deep knowledge of risk management disciplines including pricing, underwriting, capital, regulatory frameworks, and reinsurance.

Independent Judgment & Integrity: Maintains a strong, independent risk perspective while fostering a collaborative, solution-oriented approach. Demonstrates resilience and sound judgment under pressure and is not easily influenced by conflicting interests.

Leadership & Talent Development: Proven ability to build, lead, and develop high-performing teams, with a focus on coaching, feedback, and succession planning.

Stakeholder Engagement: Excellent communication skills to engage with internal and external stakeholders, including regulators, rating agencies, and senior executives.

Analytical Capability: Strong analytical mindset with the ability to interpret complex data and translate it into actionable insights.

Project Management: Skilled in leading strategic initiatives and applying project management best practices to ensure timely and impactful execution.

Advanced Data Analytics Understanding: Possesses a solid grasp of data analytics at a higher level, including the ability to interpret complex datasets, assess model outputs, and guide data-driven strategies in risk management contexts.

Risk Culture Advocacy: Promotes a strong risk culture across the BU and embeds risk awareness into business processes and decision-making.

Required Education & Experience

Master’s degree in Risk Management, Actuarial Science, Finance, Economics, or a related field. Professional certifications (e.g., CERA, FRM, CFA) are a plus.

Minimum 12–15 years of experience in risk management within the insurance or reinsurance industry, ideally with some of it in a L&H business role, with at least 5 years in a senior leadership role. Proven track record in leading cross-functional teams and engaging with executive stakeholders.

Required languages

Main working language(s): English

• Other languages: of advantage

Job Info

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.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

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