16Dec10

Press release

Group

Launch of the SCOR Global Risk Center: an initiative to further the knowledge and science of risk

Operating on reinsurance markets throughout the world, SCOR is involved in the various fields of research concerned with risk. SCOR’s teams use their risk assessment and control skills to deal with Life insurance (disability, longevity, mortality, long-term care, health etc.), Non-Life insurance (natural catastrophes, business interruption, third party liability, credit, surety, accidents, fires, other property damage, etc.) and the economic and financial environment (financial markets, inflation, exchange rates, interest rates, derivatives, real estate, etc.).

Operating on reinsurance markets throughout the world, SCOR is involved in the various fields of research concerned with risk. SCOR’s teams use their risk assessment and control skills to deal with Life insurance (disability, longevity, mortality, long-term care, health etc.), Non-Life insurance (natural catastrophes, business interruption, third party liability, credit, surety, accidents, fires, other property damage, etc.) and the economic and financial environment (financial markets, inflation, exchange rates, interest rates, derivatives, real estate, etc.).
 
SCOR has already developed several partnershipsi with the academic and research worlds, and has its own Life reinsurance research centers. SCOR also organizes actuarial awards in many European countries: Germany, France, Italy, the United Kingdom and Switzerland. The 2010 French Actuarial Awards took place yesterday in Paris.
 
The creation of the SCOR Global Risk Center, which was announced as part of the Group’s strategic plan for 2010-2013, “Strong Momentum”, is in line with this long-term commitment.
 
This dedicated risk center brings together:
 
  • studies and publications produced or supported by SCOR;
  • all of the resources that SCOR wishes to reference for all those interested in risk.
Open and vibrant, this resource center is easily available to everyone, free of charge, on the SCOR website www.scor.com. It will deal with all disciplines concerned by risk (mathematics, actuarial, physics, chemistry, geophysics, climatology, sociology, law, economics, finance, etc.), although contributions may originate from any field, without restriction.
 
Fed by a network of correspondents in the Group’s various offices throughout the world, the SCOR Global Risk Center is also open to all contributions (professional work documents, academic research works, etc.) that it may receive for publication or referencing.
 
Upon the launch of the SCOR Global Risk Center, SCOR is publishing six new documents:
 
  • Four “SCOR Papers”
  • Le vieillissement, un phénomène mondial (Aging, a global phenomenon), by Philippe Trainar 
  • PrObEx: a new method for the calibration of the Copula Parameters from Prior Information, Observations and Expert Opinions, by Davide Canestraro and Philipp Arbenz
  • Le risque de développement (Development risk), by Patrick Thourot
  • Etude de l’impact de l’inflation et de la croissance du PIB sur l’évolution des primes en assurance IARD et en assurance Vie (Study of the impact of inflation and GDP growth on the evolution of P&C and Life insurance premiums), by Catherine Bruneau
     
  • One publication from SCOR Global P&C’s “Focus” collection
  • Enterprise Risk Management (ERM): a risk-based approach to the management of a (re)insurance company, a publication with thirteen contributors
     
  • One publication from SCOR Global Life’s “inForm” collection
  • World life expectancy and future longevity scenarios, by Daria Kachakhidze

 
Denis Kessler, Chairman and Chief Executive Office of SCOR, commented: “Through its lines of business and its history, SCOR is at the confluence of knowledge and expertise in terms of risk. The SCOR Global Risk Center will bring together a large number of works completed by or in association with SCOR. Moreover we want anyone who may be concerned by risk – insurers, reinsurers, risk managers, public decision-makers, company directors, academics, students, individuals, and so on – to be able to find in the SCOR Global Risk Center the best external resources that we can index in the various different areas of risk. This project is also open to any external contributions we may receive. SCOR is thus reaffirming its commitment to research in the field of risk and to spreading knowledge in this area".
 
 
 

France

Fondation du Risque and IDEI (Toulouse)

Fondation Jean-Jacques Laffont – Toulouse Sciences Economiques 

SCOR Global Life reinsurance Research centers:

CERDALM: Longevity and Mortality

CIRDAD: Long-term care

CERDI: Disability and Critical Illness

CREDISS: International R&D Centre for Selection and Claims

Enass

Germany

Assmann-Stiftung, Cologne (The Assmann Foundation for Prevention)

Förderverein Fachhochschule, Cologne (The Reinsurance Institute at the University of Applied Sciences at Cologne)

Forschungsgesellschaft Geld-Banken-Bausparkassen-Versicherungen, Karlsruhe University (Research center for Non-Life actuarial sciences)

Verein zur Förderung der Versicherungswissenschaft, Hannover University (Center of expertise for economic insurance research)

Albert Einstein Universität, Ulm (Faculty of Economics and Mathematics)

Switzerland

University of Zurich

Swiss Federal Institute of Technology Zurich

Geneva Association

United States

Georgia State University

 

Contact

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com