Who we are

A Leading Global Reinsurer 

Our Raison d'être

As a global independent reinsurance company, SCOR contributes to the welfare, resilience and sustainable development of society by bridging the protection gap, increasing insurance reach, helping to protect insureds against the risks they face, pushing back the frontiers of insurability and acting as a responsible investor.

Through the expertise and know-how of its employees, it combines the Art and Science of Risk to offer its clients an optimum level of security and creates value for its shareholders by developing its Life & Health and P&C business lines, respecting strict corporate governance rules.

SCOR provides its clients with a broad range of innovative reinsurance solutions and pursues an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy. 

A World of Science and Scenarios

Resilience embodies and defines the reinsurance industry. At SCOR, our mission is to minimize the impact of shocks, whenever they occur – to make this world more livable. 

Far too many people today remain underinsured or uninsured. Every time catastrophe strikes, this lack of coverage sets back the ability of societies to recover and move forward. SCOR is working to bridge the protection gap, widening the limits as far as possible by offering new products and improved services.

Meanwhile, the horizon of emerging risks is expanding. Today, society is balancing efforts to address a global pandemic with the need to anticipate potential damage from threats like cyber attacks and to mitigate and adapt to climate change. Yet many of these phenomena are not, as yet, fully understood. 

Building resilience in this rapidly evolving landscape is our challenge, as well as our opportunity. We insure the insurers. Large risks and catastrophes are the raw material of reinsurance. Unlike the insurance universe, which is marked by cycles and trends where shocks are exceptional, reinsurers need to focus on the tail end of the probability spectrum – on low-frequency, high-severity events for which the variance per risk is much higher. The insurer’s risk probability distribution is based on abundant and granular data; for the reinsurer, because we know so little about the many potential catastrophes we face, data is limited. This is why we use probabilistic rather than statistical tools. We don’t foresee what is going to happen – we infer it. More and more, this means entering a world of scenarios.

Our Businesses

The Group’s development model is driven by three businesses, which provide a broad range of innovative reinsurance solutions: Property & Casualty, Life & Health and Investments.