Large Corporate Risks are handled by the SCOR Business Solutions team, which provides protection for general P&C as well as specialty industry lines, on both an insurance and facultative reinsurance basis globally.

We insure and reinsure complex risks faced by Energy, Natural Resources, Industrial and Commercial companies around the world. 

 

 

SCOR Business Solutions has continuously and successfully served customers for more than 45 years, with a consistent market presence and a wealth of experience.

 
KEY FIGURES :
12%
of SCOR's P&C business
2,000
active insured clients
90
specialized underwriters
14
underwriting or marketing centers
Click to learn more about our expertise
Corporate Property and Casualty

A MULTI-EXPERTISE TEAM

Our team combines solid technical engineering backgrounds with in-depth knowledge of insurance techniques, sharing a common language with clients. The team proposes complex and diversified solutions for both traditional lines and technical products, covering industries including Automotive, High Tech, Aerospace & Defense, Metals, Pharmaceuticals & Fine Chemicals, and Pulp & Paper. We mobilize all the specialized resources of SCOR Business Solutions to bring valuable solutions to our clients’ needs for products such as E&O, CAR/EAR, and ARF.

 
 

Gross Written Premiums by industry

 
 

GLOBAL OVERVIEW, LOCAL KNOW-HOW

Our underwriting of large corporate risks relies on strong local market knowledge, supported by a network of underwriters with wide-ranging international backgrounds. Our close proximity to markets and clients is crucial to anticipate market developments, to seize underwriting opportunities and to create customized solutions. Our unique approach relies on combining our local market presence with a global overview and mindset, leveraging synergies between different regional markets. The global reach, experience and knowledge of the Corporate Property & Casualty team translates into high value-added services and products.

 

DEDICATED SERVICE

From our 12 offices, we actively participate in major industry conferences and regularly organize technical seminars. Increased awareness and understanding of the risks of tomorrow can only lead to greater mitigation of such risks.
Our team is actively supported by transversal technical units such as actuarial pricing, underwriting management, risk modelling, and strategy & development, all of which add significant value to our servicing and products.

 
A specialized claims team works pragmatically with our underwriters to provide fair and timely settlements : click here for more claims info.
 

 

Infrastructure

A MULTI-EXPERTISE TEAM

We are professionals from the construction sector with actual experience in the planning, design and construction of large infrastructure projects. Our team of experts combines solid technical engineering backgrounds with in-depth knowledge of the insurance techniques used for large corporate risks. Thus we share a common language with our clients to understand and analyze their specific needs and requirements, in order to create and deliver competitive, tailor-made solutions.
 

A WIDE RANGE OF PRODUCTS AND SERVICES 

We provide lead-line participation for construction and operational insurance across the globe:
 

Coverage

We cover:
  • Contractors All Risk (CAR)
  • Delay in Start-Up / Advanced Loss of Profits
  • Third-Party Liability
  • Civil Engineering Completed Risks
  • Package Policies are also available including Marine Cargo, Construction and Operational Insurance.
 

Risk Management

We provide an independent risk management program to complement the Insured’s own program.
 

Claims Management

A specialized claims team works pragmatically with our underwriters to provide fair and timely settlements: click here for more info. 

 
 
We insure a wide range of infrastructure projects such as
  • Bridges
  • Tunnels and underground structures
  • Road networks
  • Rail networks
  • Subways
  • Harbors
  • Airports
  • Sewage and water treatment plants
 
Mining

A DEDICATED TEAM OF MINING SPECIALISTS

Our team includes risk management specialists and mining engineers with actual experience in the field, which enables us to understand and analyze the specific needs and requirements of our clients in order to create and deliver competitive, tailor-made solutions.
We have the skills to face the challenges of the mining industry today, from construction risks to operational risks and all the associated liabilities.

 

A WIDE RANGE OF PRODUCTS AND SERVICES 

For the past 45 years, we have continuously contributed to the global evolution of the mining sector through several commodity cycles.
With more than 100 mining clients worldwide, ranging from small single-site operations to the world’s leading multinational corporations, we offer risk transfer solutions for extraction (above and below ground), concentration/processing, and logistical operations in nearly every commodity throughout the world.

 

Our offering goes beyond risk transfer, encompassing a wide range of services:
  • Risk assessment visits and loss prevention recommendations, designed to spread best practices and the lessons learned from our wealth of experience
  • Modelling capabilities to assess worst-case scenarios, from natural perils to man-made risks
  • Specific technical seminars and “SCOR Campus” conferences
 
A specialized claims team works pragmatically with our underwriters to provide fair and timely settlements: click here for more info.
 

 

Energy and Natural Resources - Casualty

A MULTI-EXPERTISE TEAM

Based in London, New York, Paris and Singapore, the team’s experience ranges from arranging liability cover for large multinational integrated energy organizations all the way to local utilities. This experience and diverse knowledge allows the team to offer an excellent level of service to a wide range of clients and to provide a flexible product that meets their unique requirements.

 

A WIDE RANGE OF PRODUCTS AND SERVICES 

Flexibility of cover is often critical for our clients. As such the Energy & Natural Resources Casualty product offers a wide range of cover, including worldwide general liability coverage across all major jurisdictions.

Cover can be arranged on a claims-made, occurrence or occurrence-reported basis for organizations operating within all the listed sectors. In addition, Professional Indemnity coverage and Integrated Programs can also be considered.

The product operates as an excess liability protection, to provide catastrophe liability cover to clients.

 
A specialized claims team works pragmatically with our underwriters to provide fair and timely settlements: click here for more info
 
Offshore energy

RISK EXPERIENCE AND CONSISTENT COMMITMENT

Our large capacity, technical knowledge and commitment to providing and supporting innovative, tailor-made solutions, make us a well-recognized player in the offshore market. Our commitment has been tested through hardship – from 1988 Piper Alpha to 2010 Macondo – thereby demonstrating that consistency and commitment are genuine core values for SCOR. 
 

Over and above its significant underwriting capacity, the offshore team offers experience and technical expertise that is recognized on the market, as well as a strong willingness to work with clients in order to develop new risk management solutions.
This consistency, combined with creativity and versatility, has enabled us to develop long-term client and broker relationships throughout market cycles. 

 

A MULTI-TALENTED TEAM 

Because it takes experience and expertise to understand and keep up with this particularly innovative sector, our underwriters have strong technical backgrounds acquired from past industrial experience. Combined with in-depth knowledge of insurance, this broad spectrum of know-how (ranging from offshore unit design, contracting and installation to advanced drilling processes and operations) means that we speak the same language as our clients facing technical challenges and complex insurance requirements.
We are also able to take part in a wide range of technical surveys and visits, as we all have valid BOSIET (Basic Offshore Safety Induction & Emergency Training) certification and field experience.

 

A WIDE RANGE OF PRODUCTS AND SERVICES 

We serve a wide range of companies, ranging from small independent ventures to fully-integrated national and international oil majors, and provide insurance solutions for: 
 
  • Offshore and onshore exploration & production 
  • Offshore and shipyard construction projects 
  • Submarine cable laying and operation 
  • Liabilities 
Our offering goes beyond risk transfer, encompassing a wide range of services: 
 
  • Pricing and leading of complex insurance programs 
  • Expertise in the review and design of captive programs and captive protection 
  • Ability to write worldwide business on a direct or reinsurance basis 
  • Risk assessment visits and loss prevention recommendations, designed to spread best practices and the lessons learned from our wealth of experience 
  • Specific technical seminars and “SCOR Campus” conferences
 
A specialized claims team works pragmatically with our underwriters to provide fair and timely settlements: click here for more info
 
Onshore energy

A MULTI-EXPERTISE TEAM

We believe in experience, and we believe in expertise. This is why we are professionals from the energy sector, with actual experience in the field.

Our team combines solid technical engineering backgrounds with in-depth knowledge of the insurance techniques used for large corporate risks, thereby enabling us to share a common language with our clients and to understand and analyze their specific needs and requirements in order to create and deliver competitive, tailor-made solutions.

 

A WIDE RANGE OF PRODUCTS AND SERVICES

Run globally and located in four main hubs (Paris, London, New York and Singapore), we provide support ranging from construction risks to operational risks and their associated liabilities. We will explore a broad and diverse range of solutions with you, from traditional to alternative risk transfer, in order to create the product you need.


Our offer goes beyond risk transfer, encompassing a wide range of services:
 

  • Risk assessment visits and loss prevention recommendations to spread the best practices and lessons learned from our wealth of experience.
  • Modelling capabilities to assess worst-case scenarios, from natural perils to vapor cloud explosions.
  • Specific technical seminars and “SCOR Campus” conferences.
 
A specialized claims team works pragmatically with our underwriters to provide fair and timely settlements: click here for more info.
 
Power operations

A MULTI-EXPERTISE TEAM

Operating worldwide we service every region, enabling our clients to access our products through the channel that bests suits their needs. We have a strategic mix of expertise, including engineers from the power industry and senior underwriters who are experts in this field.

 

BROAD AND DIVERSE RANGE OF SOLUTIONS

We provide a broad and diverse range of solutions:
 
  • From traditional to alternative risk transfer, in order to create the right product.
  • All generation types throughout the world: old and new, alternative technology, renewables, nuclear (through access to the pools), transmission and distribution and any associated desalination.

  • Power operation All Risks cover including Machinery Breakdown, Machinery Breakdown standalone, Business Interruption and Contingent Business Interruption.
  • Multi-Year and Multi-Line Policies.


The sharing of knowledge is in SCOR’s DNA. For example, the Group’s teams offer their clients technical seminars and trainings via SCOR Campus.

 

A specialized claims team works pragmatically with our underwriters to provide fair and timely settlements: click here for more info

Space

A pioneer in the Space industry with 30 years of experience, we are a risk capacity provider offering comprehensive solutions that cover the needs of the global Space industry.
 


Our team is composed of highly experienced underwriters with backgrounds in Space engineering, who are committed to sharing their industry and underwriting expertise with clients over the long term.

Captive Solutions

Our Captive Solutions team specializes in developing customized solutions with corporates and their captives to support and enhance their individual enterprise risk management. Our risk partnership approach enables us to provide long-term capacity across a wide spectrum of insurable risks, including risks that may be unique to a corporation or its industry.

We provide market-leading solutions for corporates & their captives. 

A risk approach: we operate close cooperation with clients and their partners (such as brokers and risk consultants). Our technical expertise, combined with a highly analytical approach, enables us to understand the risk drivers that impact our clients’ business. 

A dedicated Captive Solutions team with a global reach: we are committed to building and delivering meaningful and long-term solutions to our clients. These solutions are based on a combination of structuring mechanisms and our underwriting, actuarial and deal design expertise. 

A deal-focused approach to meet our clients’ needs: our underwriting resources range from Property and Casualty to Agro and Environmental, plus industry-specific coverage, in order to deliver the most optimal captive solutions.

 

 
SCOR P&C - Captive Solutions

 
 

Claims

We believe in a collegiate approach, and above all in clear communication with all parties involved in the claims resolution process, in order to achieve a timely, fair and commercial result. This includes supporting industry initiatives and claims protocols by way of a pre-loss customer service, as well as active participation in any post-loss recovery or risk management process where required.

We are committed to:
 

  • Ensuring our claims service promotes and strengthens long-term business relationships and partnerships with our clients
  • Engaging in an open, timely and regular dialogue with our clients and business partners to ensure that our claims handling is transparent and responsive to our clients’ needs
  • Handling all claims accurately, fairly and consistently through the use of technically qualified and experienced claims professionals.
 

 

 “The swift payment of covered claims is the guiding principle of SCOR’s claims handling – as well as being the fundamental promise in every contract we write.”