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Overview
SCOR is a French reinsurance company founded in 1970. The company is headquartered in Paris and operates in over 160 countries, offering a wide range of reinsurance products and services. SCOR's main lines of business include property and casualty reinsurance, life reinsurance, and asset management. SCOR's mission is to help its clients manage risk and to contribute to the stability and security of the global economy. The company is committed to sustainable business practices and is recognized as a leader in corporate social responsibility. SCOR is the fifth-largest reinsurer in the world, with a market share of about 6%. The company has a strong financial position, with a A+ rating from Standard & Poor's and Aa3 from Moody's. SCOR's net income in 2020 was 234 million euros, and its total assets were worth 61.3 billion euros as of December 2020. SCOR is also known for its innovation and use of technology in its operations. The company has a dedicated research and development team, and in recent years, it has launched initiatives such as the SCOR Global Risk Center, which focuses on identifying emerging risks and developing risk management solutions. SCOR is dedicated to serving the needs of its clients, and its global network allows it to offer tailor-made solutions for local markets. The company has a strong emphasis on building long-term partnerships with its clients and continuously works to improve its services and products. In addition to its business operations, SCOR is also involved in philanthropic efforts through its foundation, the SCOR Foundation for Science. The foundation supports scientific research and education in the fields of risk management and sustainable development. Overall, SCOR is a well-established and reputable company in the reinsurance industry, known for its financial stability, innovation, and commitment to sustainability.
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