SCOR’s Life & Health division provides clients with high added-value risk coverage and personalized services. We offer mortality and morbidity risk solutions cover, protection against longevity risks, financial solutions, and support for new business generation and claims management. By providing world-class solutions for our clients’ financial and risk management needs, we endeavor to be their Life reinsurer of choice.
SCOR’s Risk Solutions product line is a recognized leader in addressing biometric risks. It helps clients to mitigate claims volatility, covering all Protection insurance products. In addition to its core Life expertise, the Risk Solutions team leverages a unique set of capabilities to support clients with a broad range of products including Disability, Critical Illness, Long-Term Care, Personal Accident & Medical, and Credit products for both individuals and groups.
The Global Financial and Longevity Solutions product line helps clients to manage their solvency and cash needs. This team works closely with SCOR’s local market teams, leveraging on deep market understanding and client franchise. Financial Solutions provides liquidity, balance sheet and income statement benefits to clients. Longevity products cover the risk of negative deviation from expected results due to the insured or annuitant living longer than assumed in the pricing of the cover provided by insurers or pension funds.
SCOR’s Global Distribution Solution (GDS) product line supports clients with an unparalleled understanding of the insurance industry, coupled with deep consumer insights to develop and support distribution strategies that align internal operating effectiveness with superior customer experiences. Operating business models from business to business (B2B), business to business to consumer (B2B2C) and direct to consumer (D2C), GDS distribution, marketing, underwriting, product and claims solutions are all supported by market-leading technology enablers, data analytics and financing solutions. A diverse range of market segments are supported, including Bancassurance, traditional Life and Health, Takaful, Banking and Affinity groups.
ReMark is a world leader in alternative and direct distribution of insurance products, with a single focus – maximum value creation for business partners and their valued customers. For more than 30 years, in 40 countries and 21 languages, this dynamic group has turned its strategic expertise into customized programs for over 200 of the world’s most innovative and ambitious financial services organizations. By constantly refining lessons learned from decades of global industry experience, ReMark actively participates in reshaping the way insurance products and services are developed and distributed, while generating outstanding returns and lasting competitive advantage for clients.
ReMark's continued focus on and commitment to the development of customer-centric insurance propositions is illustrated by the strategic investment in Umanlife, an innovative wellness platform delivering personalized lifestyle coaching tools for consumers and bespoke platforms for businesses.
Velogica is SCOR's state-of-the art suite of automated underwriting solutions, customized by market to deliver superior customer journeys by smoothing the pathway to purchase. Highly sophisticated automation mimics the thought processes of human underwriters, so that a significant proportion of new business can be issued automatically with no need for manual intervention.
- In North America, Velogica is built around an advanced algorithm that uniquely interprets both medical and non-medical third-party data sources in a patented process that makes instant and intelligent underwriting recommendations.
- In continental Europe, Velogica is designed to meet the need of the growing “simplified issue” protection market space, offering a comprehensive electronic and tele-underwriting module exclusive to SCOR.
- In Asia, SCOR has formed a partnership with Adviser Connect to offer an automated rules-based technology platform, with a market-leading reflexive drill-down questioning capability to address a range of consumer needs in one seamless and efficient process.
Rehalto is a European pioneer in the development of workplace wellbeing, with the mission of promoting individual and organizational health. Rehalto designs solutions distributed mainly via insurance contracts to prevent and resolve identified problems. Its services include rehabilitation, assistance to victims, employee assistance programs and organizational health consulting. Rehalto’s expertise is provided by a multidisciplinary team composed of psychologists, insurance and business professionals, and a network of 1,800 specialists on French and Belgian territories.