SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products.
Business Segments
The company operates through the Life and Health Reinsurance, Property and Casualty Reinsurance, and Specialty Insurance segments.
Life and Health Reinsurance
This segment focuses on providing reinsurance solutions for life insurance, health insurance, and critical illness products.
Property and Casualty Reinsurance
This segment deals with reinsurance solutions for property damage, l...
SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products.
Business Segments
The company operates through the Life and Health Reinsurance, Property and Casualty Reinsurance, and Specialty Insurance segments.
Life and Health Reinsurance
This segment focuses on providing reinsurance solutions for life insurance, health insurance, and critical illness products.
Property and Casualty Reinsurance
This segment deals with reinsurance solutions for property damage, liability, and other casualty risks. This segment covers a wide range of products, including natural catastrophe reinsurance, property damage reinsurance, and liability reinsurance.
Specialty Insurance
This segment focuses on providing reinsurance solutions for specialized risks that are not typically covered under standard reinsurance contracts. This includes areas such as marine, aviation, agriculture, and engineering risks.
Business Strategy
The company's strategy is built on several key pillars, each designed to address specific market needs, enhance operational efficiency, and ensure long-term financial stability.
Specialty Insurance
This segment focuses on providing reinsurance solutions for specialized risks that are not typically covered under standard reinsurance contracts. This includes areas such as marine, aviation, agriculture, and engineering risks.
Geographical Markets Served
The company operates globally, serving clients across various regions through its three primary geographic hubs: the EMEA Hub, the Asia-Pacific Hub, and the Americas Hub.
EMEA Hub: This hub covers European countries, including Russia, the Middle East, and Africa.
Asia-Pacific Hub: The Asia-Pacific Hub encompasses Asia and Australia.
Americas Hub: The Americas Hub includes North America and Latin America.
Customers
The company's clients primarily include insurance companies, financial institutions, and large corporations.
Regulations
Key regulatory areas include:
Economic Trade Sanctions: The company complies with economic trade sanction laws and regulations administered by the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) and the United States Department of State.
Anti-Money Laundering and Corruption: The company is subject to anti-money laundering, corruption, terrorism financing, and insider trading regulations. The company must comply with the French anti-corruption law Sapin II, the Foreign Corrupt Practices Act (FCPA), and the UK Bribery Act.
Data Protection: The company adheres to regulatory requirements regarding data management, including the European Union General Data Protection Regulation (GDPR), the Brazilian General Data Protection Law (LGPD), the Chinese Personal Information Protection Law (PIPL), and the California Privacy Rights Act (CPRA).
Financial and Accounting Regulations: The company must comply with various financial and accounting regulations, which depend on several factors, including the type of business and location. The company adheres to the French Commercial Code and other relevant regulations to ensure the accuracy and transparency of its financial statements.
Environmental Laws
The company is subject to the provisions of Article L. 225-102-1 and Article L. 22-10-36 of the French Commercial Code, which transposes Directive 2014/95/EU on the disclosure of non-financial and diversity information by certain large undertakings and groups. Since March 10, 2021, the company is subject to the requirements of Article 29 of the French law for Energy and Climate, as described in Article D.533-16.1 of the French Monetary and Financial Code. The company is subject to the European Taxonomy Regulation No. 2020/852 and European Delegated Regulation No. 2021/2178 of July 6, 2021.
History
SCOR SE was founded in 1970.