SCOR, a global reinsurance company founded in 1970 by the French government, has announced its intention to continue its strategic focus on the hardening insurance market in 2025. This decision is driven by the ongoing industry trends of increasing risk and rising claims costs, particularly in areas such as natural catastrophes, cyber threats, and climate change.
SCOR offers a diverse range of reinsurance solutions, including property and casualty reinsurance, life reinsurance, and specialty reinsurance. The company leverages advanced analytics and risk modeling techniques to provide innovative risk management solutions to its clients.
By maintaining a disciplined underwriting approach and capitalizing on favorable market conditions, SCOR aims to further strengthen its financial position and drive sustainable growth. The company’s focus on underwriting profitability and risk selection will be crucial in navigating the complexities of the hardening market.
In addition to its core reinsurance business, SCOR has been actively expanding its insurance operations. The company has been investing in innovative insurance products and digital solutions to meet the evolving needs of its clients. By leveraging technology and data analytics, SCOR aims to enhance its underwriting capabilities, improve operational efficiency, and provide superior customer service.
