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🏢 '''SCOR''' is a major global [[Definition:Reinsurer | reinsurer]] headquartered in Paris, France, ranking consistently among the largest [[Definition:Reinsurance | reinsurance]] groups in the world by [[Definition:Gross written premium (GWP) | gross written premiums]]. Founded in 1970 as a state-backed French reinsurer, the company has undergone significant transformation — evolving from a domestically focused entity into a diversified, publicly traded international group with operations spanning [[Definition:Property and casualty insurance (P&C) | property and casualty]] reinsurance (branded as SCOR P&C) and [[Definition:Life reinsurance | life and health reinsurance]] (SCOR Life & Health, since rebranded as SCOR L&H). SCOR's development has been shaped by a series of strategic acquisitions, including the landmark purchase of Converium in 2007 and Transamerica Re's mortality book, which substantially expanded its global footprint and technical capabilities.

⚙️ SCOR operates through a dual-engine model, balancing its P&C and life and health reinsurance segments to diversify earnings and smooth the volatility inherent in [[Definition:Catastrophe risk | catastrophe-exposed]] lines. On the P&C side, the company underwrites [[Definition:Treaty reinsurance | treaty]] and [[Definition:Facultative reinsurance | facultative]] business across natural catastrophe, specialty, and casualty classes, serving [[Definition:Ceding company | cedents]] worldwide. Its life and health division focuses on [[Definition:Mortality risk | mortality]], [[Definition:Longevity risk | longevity]], and morbidity risks, providing reinsurance solutions to [[Definition:Life insurance | life insurers]] in markets across Europe, the Americas, and Asia-Pacific. SCOR has historically positioned itself as a technically driven reinsurer, investing heavily in [[Definition:Actuarial science | actuarial]] modeling, [[Definition:Natural catastrophe model | catastrophe modeling]], and proprietary risk assessment tools. The company manages its capital under [[Definition:Solvency II | Solvency II]] as its primary regulatory framework and has also accessed [[Definition:Insurance-linked securities (ILS) | insurance-linked securities]] markets, including [[Definition:Catastrophe bond | catastrophe bonds]], to complement its traditional retrocession program.

🌍 Within the global reinsurance landscape, SCOR occupies an important role as one of the few large-scale European reinsurers outside the German-speaking tradition of [[Definition:Munich Re | Munich Re]] and [[Definition:Swiss Re | Swiss Re]]. Its strategic independence has at times been a defining theme — most notably during the contested takeover attempt by Covéa in 2018, which SCOR's board resisted and which ultimately did not proceed, underscoring governance and market-conduct questions around ownership of reinsurance groups. For [[Definition:Ceding company | ceding companies]], SCOR's diversified platform and strong [[Definition:Credit rating | credit ratings]] provide meaningful counterparty capacity, particularly in European and Asian markets where French-domiciled reinsurers carry historical relationships. As the reinsurance industry navigates challenges from [[Definition:Climate change risk | climate change]], evolving [[Definition:Pandemic risk | pandemic exposures]], and shifting regulatory requirements, SCOR's combination of technical depth and geographic breadth keeps it among the most significant players in the sector.

'''Related concepts:'''
{{Div col|colwidth=20em}}
* [[Definition:Reinsurance]]
* [[Definition:Treaty reinsurance]]
* [[Definition:Life reinsurance]]
* [[Definition:Solvency II]]
* [[Definition:Catastrophe bond]]
* [[Definition:Ceding company]]
{{Div col end}}

Definition:SCOR - Revision history

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