Profile: Scor SE (SCRYY.PK)
SCOR SE, incorporated on January 1, 1956, is an independent global reinsurance company. The Company operates through three business engines: SCOR Global P&C, SCOR Global Life and asset management. The SCOR Global P&C business engine operates in four business areas, such as Treaty P&C, Specialty Lines, Large Corporate Risks and London-based Joint Ventures. The SCOR Global P&C commercial offering includes the structuring of reinsurance programs and includes associated services, such as risk consulting (loss prevention, capital modelling and asset liability management), claims audits with the Company's cedants in the scope of its assistance for complex claims management, technical publications and SCOR Campus Seminars.
The Treaty P&C business line includes proportional and non-proportional general property and casualty treaties, including motor. The Treaty P&C business line is based on a geographic market-specific focus on Europe, the Middle East and Africa, Americas and Asia Pacific Treaties. Large Corporate Risks are handled by SCOR Business Solutions which provides protection for general property and casualty (P&C), as well as specialty industry lines (Natural Resources, Energy, Engineering, Professional Indemnity and Captive Solutions), on both an insurance and facultative reinsurance basis globally. Specialty Lines are underwritten as treaty reinsurance on a proportional or non-proportional basis, such as marine and energy, space, aviation, inherent defects insurance, credit and surety, agriculture, the United States property cat, engineering and alternative solutions. London-based Joint Ventures business line includes the provision of capital to third-party businesses. The Company also manages its own integrated Lloyd's managing agency and its syndicate: The Channel Syndicate.
The SCOR Global Life business engine provides mortality risk cover, protection against longevity risks and financial solutions. The Company's Life & Health reinsurance business provides its clients with added-value risk coverage and personalized services. The Life & Health division supports its clients' business by offering Risk Solutions, Global Distribution Solutions, and Financial & Longevity Solutions. Its Risk Solutions product line is engaged in addressing biometric risks (risks related to human life conditions in mortality, morbidity-illness, accidents and longevity). The Global Distribution Solutions support its clients with new business generation and claims management, incorporating various services of ReMark, Velogica, Telemed and Rehalto. Financial Solutions provides liquidity, balance sheet and income statement benefits to clients. Longevity provides coverage against the risk of insured annuitants living longer than expected. The Life & Health division is organized into three geographical regions, such as the Americas, Asia-Pacific, and Europe, the Middle East and Africa (EMEA), with approximately 30 local offices serving over 80 countries. SCOR Global Investments, the Asset Management division of the Company, manages the investment portfolio of the Company and its subsidiary entities. SCOR Global Investments has also developed investment solutions open to external clients, such as institutional investors.
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