In accordance with the procedure for any corporate foundation, SCOR has allocated funds to the Foundation for Science for a multi-year research programme renewable every 5 years. The initial amount allocated is EUR 300,000.
The Foundation will receive funding from SCOR for a range of commitments amounting to around EUR 1 million per year. These commitments will include the transfer of responsibility from the Group to the Foundation for existing actions to promote scientific research, and any new projects in which it decides to intervene.
SCOR notably chose the status of corporate foundation for its flexibility in terms of management and for the possibilities it presents in terms of additional funding. Depending on the projects submitted to the Foundation and the recommendations made by the Board of Directors and the Scientific Board, SCOR will regularly examine the possibility of making any additional budgetary contributions.