About SCOR P&C Ventures

SCOR P&C Ventures is a closely-integrated part of the P&C Division. P&C Ventures continues SCOR’s long history of innovation. Recognizing a period of potentially rapid change in our business and that of our clients, we formed the Ventures team to bring decision-makers and resources to entrepreneurs and innovators.  

 

 
Our mission

SCOR P&C Ventures collaboratively forms long-term partnerships with entrepreneurs to develop winning technology-driven insurers, distributors, and risk management solutions.  We have a flexible mandate and can operate stand-alone or in support of SCOR’s expert teams in underwriting, IT, risk modelling, claims, and other areas.  We believe in close alignment of interest through long-term relationships, shared incentives, and minority equity participation where mutually desired. 

 

SCOR Global P&C’s experience & offering
  • We are a business partner to technology-driven start-ups and digital-first insurers/MGAs, in support of industry innovation and our core business.  We provide (and have provided) equity, risk capacity, co-development, and other expertise.
  • We partner with insurers to develop new offers, particularly in emerging businesses, geographies, and customer segments. 
  • As a technically-oriented reinsurer, we have engaged with big-data analytics and modelling companies for many years.
  • In partnership with our SCOR group colleagues, we provide leadership in industry-wide initiatives including B3i (blockchain), the Insurance Development Forum (to close the protection gap), Oasis (loss modelling), and Ruschlikon (processing optimization).
  • We have strategic investments in several companies around the world and partnered with MGAs, start-ups, modelling firms, and other InsurTech companies since before “InsurTech” was a word.
What we’re looking for
  • Technology-driven insurance companies and MGAs/distributors that we can help grow by providing reinsurance, insurance paper in selected circumstances, and/or equity alongside re/insurance, as well as SCOR expertise and access to our global network of insurance company clients. 
  • Companies developing data, tools, and methods to improve underwriting, risk management, or claims management.  We are focused on technologies that could “move the needle” in assessing and managing large portfolios of pre-aggregated risks, high-value individual risks such as energy facilities and construction mega-projects, and MGA/coverholder contexts.

We can consider a wide range of potential re/insurance transaction types, equity sizes, and collaboration models. 

Why partner with P&C Ventures
  • We believe in fewer, deeper relationships over the long term.
  • We are flexible and collaborative in our approach, tailoring a solution to your specific needs, in partnership with other insurers, reinsurers, and investors involved in your company as appropriate. 
  • We underwrite most major lines of business and geographies globally.
  • We have a global network including insurance licenses but not a competing retail insurance arm.  Insurers are our clients, so working with us does not limit your options to associate with insurers.  In selected circumstances, we can offer access to Lloyd’s or SCOR’s insurance licenses in the US, Europe, Asia, Brazil, South Africa, and other markets.
  • We look to move quickly with direct access to decision-makers, whilst leveraging resources and expertise to ensure our partners are able to build relationships with the appropriate parts of our organization. 
Who we are
P&C Ventures is fully integrated into the business, allowing us to form partnerships throughout SCOR’s global business and draw upon the expertise of SCOR Global Investments.
Adrian Jones

 

 Head of Strategy & Development, responsible for P&C Ventures.  Member of the P&C Leadership Team and a direct report to the CEO.  Ex-Bain, former head of Strategy at a large Bermuda-based reinsurer.  Personal passive investor in a US-based digital-first MGA.  American citizen.
 

 

Will Thorne

​

 

 Innovation Leader, Channel Syndicate.  Channel is our syndicate at Lloyd’s.  Will has a background in both re/insurance underwriting and start-ups.  He is an advisor in his personal capacity and sits on the UK Government/Tech City UK FinTech Delivery and the FCA InsurTech panels.  British citizen.
 

 

William Bird

 

 Ventures Associate. Previously worked in corporate venture capital and strategy at a leading U.S. personal lines insurer.  Pursuing MBA at the University of Chicago Booth School of Business.  American citizen, based in Chicago.
 

 

Pierre Favennec

​

 

 Deputy Head of Strategy & Development.  A former FIG investment banker and consultant with deep finance expertise.  Pierre also manages our global broker / distribution relationships.  French citizen.
 

 

Contact us
You can reach us by writing to PCVentures@scor.com.
Start-ups focused on Life, spanning SCOR’s business units, or focused on general applications of insurance technology (not related specifically to either Life & Health or Property & Casualty) may contact us and we will forward your inquiry.  For materials not in English, a translation is appreciated.