SCOR - Business compliance intern

The SCOR portfolio includes a wide variety of insurance categories for businesses. To name a few: Builders Risk, Businessowners (known as “BOP” which combines protection from all major property and liability risks in one package), Commercial Auto Liability & Property Damage, Motor Truck Cargo, General Liability, Professional Liability, Errors & Omissions, Equine coverages, Inland Marine, Catastrophe coverage for Earthquake, Hail, Hurricane, Wind, Flood; and Excess Liabilities. 

SCOR’s business compliance team ensures we comply with state, federal laws and regulations for all business categories and implement new requirements. Essentially monitoring all facets of the business to continue to grow our program business.  

RESPONSIBILITIES

• Ensure that SCOR’s insurance companies comply with internal requirements, and with state and federal laws and regulations.  

• Research the compliance implications of new products and enhancements.  

• Support the activities of collection of tax, surcharges and fees information for various States - liaising with the Program Business underwriters and operations team, and SCOR’s Tax & Accounting department. 

• Monitor the validity of business licenses of our external Program Administrators. 

• Contribute to activities in response to states’ data calls in coordination with SCOR Legal, Accounting and Claims. 

• Assist in preparation of data and reporting requirements documentation/templates used both internally and externally. 

• Work closely with the head of Compliance in documenting departmental policies and procedures to build a stronger departmental framework and retaining knowledge to adhere to Risk Management company policies and procedures.