To address the evolving needs of its clients in a rapidly changing risk ecosystem, P&C Partners, a global technical and expertise center, facilitates business development as well as synergies between underwriting teams. Its dedicated decision-making committee provides rapid responses, promotes consistency and provides clear pathways for innovative ideas. It aims to globally cover new and challenging areas, for which it acts as a provider of solutions to reinforce SCOR’s positions in its selected markets and with its targeted clients.
Innovative products and solutions
Innovative products and solutions, including Cyber solutions, one of the fastest-growing but most challenging areas in the re/insurance sector. Cyber Solutions helps corporate and insurance clients to develop Cyber insurance cover, provides core functions to develop Cyber business and manages emerging Cyber risks worldwide. Cyber is currently one of the most challenging areas in the (re)insurance sector, and SCOR Property & Casualty is committed to addressing it while maintaining a cautious and controlled risk appetite.
P&C Ventures and Strategic Partnership focuses on InsurTech investments, technical partnerships and expertise sharing.
Alternative Solutions focuses on the development of customized, non-traditional, and new products/solutions. Leveraging SCOR’s diversified capital and the risk knowledge of its underwriters, the Alternative Solutions team provides insurance and corporate clients with structured solutions for Capital Optimization, Earnings and Cash Flow Volatility management, Protection Gap cover and Special Situation needs.
Alternative Solutions helps the Reinsurance and Specialty Insurance deal teams to create tailor-made solutions for their key clients, thus reinforcing SCOR Property & Casualty’s Tier 1 position.
Alternative Capital is a key focus area for P&C Partners, leveraging the SCOR franchise to attract third-party capital and helping SCOR meet its clients’ evolving needs while maintaining the level of security and services clients expect.
P&C Partners currently manages half of its Catastrophe Retroceded Capacities with Alternative Capital providers. It supports the development of Reinsurance and Specialty Insurance business units by maintaining strong retrocession partnerships, exploring innovative retrocession approaches and sourcing adequate capacities with optimal conditions.