Reinsurance News

SCOR news

News on one of the world’s largest reinsurance companies, France headquartered SCOR.

SCOR is one of the leading global reinsurance company’s and our news covers SCOR’s news announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.

Failings of public risk management “plain to see”: Denis Kessler

19th March 2021

SCOR's Chief Executive Officer (CEO) Denis Kessler has said that the failings of public risk management are “plain to see” in the aftermath of the COVID-19 pandemic. Kessler addressed the “havoc” that the pandemic has wreaked on the global economy, in addition to the severe public health threat that it represents. But ... Read the full article

SCOR’s Channel Syndicate returns to profit in 2020

9th March 2021

The Channel Syndicate at Lloyd’s of London, which is part of global re/insurer SCOR’s Specialty Insurance platform, has reported profit of £9.4 million for 2020. This return to profitability comes after Channel decided to reset its strategy in late 2018 and take corrective actions. It reported a loss of $19 million ... Read the full article

SCOR adds Claire Le Gall-Robinson to Executive Committee

1st March 2021

Global re/insurer SCOR has announced that its General Secretary, Claire Le Gall-Robinson, has been appointed to the company's Group Executive Committee, effective immediately. In addition to her General Secretary role, which she has held since 2016, Le Gall-Robinson is now in charge of governance, the compliance function and the legal function. She ... Read the full article

SCOR ‘absorbs’ COVID-19 shock but full-year net income falls to €234mn

24th February 2021

Global insurer and reinsurer SCOR has reported net income of €234 million for 2020, representing a decline of more than 44% from the previous year, as claims related to the ongoing COVID-19 pandemic reached €640 million. As income for the year declined, SCOR actually recorded a 371% increase in net income ... Read the full article

SCOR calls on reinsurers to back COVID-19 vaccine

16th February 2021

Global re/insurer SCOR has made a call for re/insurers to help convey the broad health benefits of getting the COVID-19 vaccination. The reinsurer says it has already helped to dissect the misconceptions and questions that surround the vaccination fears, and has stressed the importance of the vaccine roll-out in building towards ... Read the full article

SCOR partners with Senseye on machinery failure product

12th February 2021

SCOR has partnered with industrial software company Senseye to develop ROI Lock, a product guarantee that refunds the subscription cost of a Senseye product manufacturers use to detect machinery failures. ROI Lock will refund customers using Senseye’s Predictive Maintenance (PdM) solutions, Senseye PdM Complete, if they do not achieve full return ... Read the full article

SCOR records +15.9% premium growth at favourable Jan 1 reinsurance renewals

9th February 2021

Global reinsurer SCOR has highlighted favourable market conditions at the January 1st, 2021 renewals, as the firm grew its reinsurance treaty premium income up for renewal by 15.9%. Overall, premiums increased by €472 million to €3.445 billion, with SCOR reporting an overall average price increase of 7.8%. The re/insurer states that in ... Read the full article

SCOR launches machine learning-driven biometric risk calculator

22nd January 2021

Reinsurance giant SCOR has announced the launch of Vitae, an automated biometric risk calculator that employs machine learning techniques. The tool is designed to enable more accurate risk assessment based on a wider array of medical factors and simplifies the underwriting process, in an effort to yield a better experience for ... Read the full article

SCOR collaborates with Covr Financial & Americo on life solution

20th January 2021

Global re/insurer SCOR, Covr Financial Technologies and Americo Financial Life and Annuity Insurance Company have launched LoanMatch Protector, a life insurance policy customised to a consumer's specific loan amortisation schedule. This new policy can be accessed by customers of banks, credit unions, lenders, e-banks and direct lenders through Covr's industry-leading, white-labeled ... Read the full article

SCOR to provide AI-powered life insurance products with Bayer, One Drop

19th January 2021

SCOR is partnering with life science company Bayer and One Drop, a provider of digital solutions for people living with diabetes and other chronic conditions, to create an AI-powered digital health platform to life insurance carriers and policyholders across the US This joint effort between SCOR, Bayer and One Drop aims ... Read the full article

SCOR deems pandemic risk uninsurable

18th January 2021

Experts from global reinsurer SCOR have concluded that pandemics are uninsurable due to insurers not having the capacity to absorb such loss accumulation. This serial element is accentuated even further by the global nature of pandemic risk. Added to this, the geographical diversification of risk portfolios is ineffective and actually compounds the ... Read the full article

SCOR integrates CyberCube model into cat platform

14th January 2021

Global reinsurer SCOR has integrated a CyberCube-developed cyber risk model into its own catastrophe modelling platform. By integrating CyberCube’s risk model alongside other natural catastrophe models within SCOR's CAT Platform, the reinsurer is aiming to further expand its modelling capabilities. The new architecture was made full operational for the Janurary 1 renewals. “In ... Read the full article

SCOR chooses Benoît Ribadeau-Dumas to succeed Kessler as CEO

16th December 2020

French global reinsurance company SCOR has announced that its next Chief Executive Officer (CEO) has been chosen, after the Board of the reinsurer voted unanimously for political insider Benoît Ribadeau-Dumas to succeed incumbent Denis Kessler. The search for its next CEO has been underway for some time, with the expectation ... Read the full article

SCOR & Garmin expand BAM health solution across APAC

24th November 2020

SCOR Global Life, Garmin and ReMark (SCOR’s in-house InsurTech solution provider) have announced plans to expand their Biological Age Model (BAM) solution across the wider APAC region. Launched in November 2019, in partnership with Taiwanese insurer Nanshan, BAM is a health and wellness platform for both insurance policyholders and public users. It ... Read the full article

SCOR to announce Kessler successor next year: reports

23rd November 2020

Reports from French media sources suggest that reinsurance giant SCOR could be set to announce a successor to CEO Denis Kessler at its next general meeting in 2021. L'Argus de l'Assurance reports that SCOR had originally been due to reveal Kessler’s replacement at the Rendez-Vous de Septembre in Monte Carlo this ... Read the full article

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