Scor

What Scor does

SCOR is a Tier 1 global reinsurer headquartered in Paris (5 avenue Kléber), structured as a Societas Europaea (SCOR SE) and listed on Euronext Paris (SCR), the SIX Swiss Exchange, and via an ADR program (SCRYY). The group operates across Property & Casualty Reinsurance (including SCOR Business Solutions as its direct insurance arm), Life & Health Reinsurance (Protection, Longevity, Financial, Underwriting & Claims, and Engagement Solutions), and SCOR Investment Partners for asset management, serving insurers and corporate clients in more than 150 countries. FY2025 gross premium income was EUR 18.7 billion with net income of EUR 851 million and ROE of 19.2%; Q1 2026 produced EUR 225 million of net income with a P&C combined ratio of 80.2% and a solvency ratio of 220%.

Underlying the underwriting franchise is a proprietary technology stack: APEX (experience analysis), the DASP Data Analytics Solutions Platform, VITAE (a machine-learning biometric risk calculator automating 50% of impaired-risk assessments, delivered as a Cloud API), the SCOR Biological Age Model (ABM), and SCOR Digital Solutions (SDS) for AI-enabled claims transformation (SOC 2 Type II compliant as of June 2026). Distribution combines direct enterprise sales with the Lloyd's market (SCOR Syndicate 2015 and SCOR Syndicate at Lloyd's), MGA partnerships (Baobab, DUAL Latin America, Energetic Capital, Vivere/Amwins), the SCOR-AXA Lloyd's Restore consortium for ecological restoration, and insurance-linked securities (Atlas Capital DAC Series 2026-1).

Revenue is generated from reinsurance premiums (P&C and L&H treaty/facultative), investment income on the insurance float (predominantly U.S. corporate and sovereign bonds), third-party asset management fees via SCOR Investment Partners (including the EUR 260m Real Estate Loans V fund, targeting EUR 500m), Risk Partnerships/retrocession fee income, and ILS structuring fees. Pricing is treaty/quote-based (not publicly listed) and governed by underwriting discipline within a target 185–220% solvency range. The company is supervised by the ACPR, holds an A.M. Best A (Excellent) rating, and has BNP Paribas Cardif (5.03%) and Groupe des Assurances du Crédit Mutuel (5.22%) as its only disclosed shareholders above 5% — a broadly held public company with no parent entity.

Name

Scor

Legal name

SCOR SE

Website

https://scor.com

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SCOR is a Tier 1 global reinsurer headquartered in Paris, offering P&C and Life & Health reinsurance, asset management through SCOR Investment Partners, and AI-enabled digital claims solutions, serving insurers and corporate clients across more than 150 countries.

Ownership category

akta.pro rank

Product category

Reinsurance Services

NAICS

Reinsurance Carriers (524130), Insurance Agencies and Brokerages (52421)

akta.pro primary industry

Life & Health Reinsurance Brokerage (FSAOAHAF)

Keywords

• Global reinsurance services
• Property casualty reinsurance
• Life health reinsurance
• Insurance linked securities
• Asset management solutions

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Reinsurance premiums (P&C and L&H): Primary revenue stream from net earned reinsurance premiums across P&C and Life & Health segments. Q1 2026 P&C revenue was EUR 1.812 billion (+5.4% YoY at constant FX); FY2025 gross premiums of EUR 18.7 billion.
2. Investment income on insurance reserves: Earnings generated from investing the premiums float and capital, with portfolio heavily weighted in U.S. corporate and sovereign bonds; Q1 2025 results cited strong investment yields as a contributor to net income.
3. Asset management fees (SCOR Investment Partners): SCOR Investment Partners SE, the group's asset management company, manages SCOR's own assets and third-party assets, including the EUR 260m SCOR Real Estate Loans V fund, generating fee income.
4. Risk Partnerships / third-party capital fee income: Fee income from partnering with third-party capital providers and retrocessionaires, with a strategic plan target to double Risk Partnerships fee income.
5. ILS / catastrophe bond structuring fees: Income from sponsoring and structuring catastrophe bonds such as Atlas Capital DAC Series 2026-1 via GC Securities as Sole Structuring Agent and Bookrunner.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels10 records

Core offering

SCOR is a global Tier 1 reinsurer providing Property & Casualty and Life & Health reinsurance solutions to insurance companies across more than 150 countries. It complements its reinsurance franchise with a direct insurance arm (SCOR Business Solutions), asset management through SCOR Investment Partners, and proprietary digital/analytics platforms (APEX, DASP, VITAE, SCOR Digital Solutions) that deliver AI-enabled claims automation and biometric risk evaluation to cedants.

Product overview

SCOR is a global reinsurance company offering a diversified portfolio built on a platform-plus-modules architecture. The core platform comprises three business lines: Property & Casualty Reinsurance (which includes SCOR Business Solutions as its direct insurance arm and P&C Underwriting Solutions), Life & Health Reinsurance (covering Protection Solutions, Longevity Solutions, Financial Solutions, Underwriting & Claims, and Engagement Solutions), and SCOR Investment Partners for asset management. Layered on this core are digital and analytics modules including SCOR Digital Solutions (SDS), the DASP (Data Analytics Solutions Platform) hosting the VITAE biometric risk calculator API, the APEX experience analysis platform, and the SCOR Biological Age Model (ABM). SCOR also offers specialized product offerings such as the Restore Product for ecological restoration (part of the NatReCo initiative), insurance-linked securities such as the Atlas Capital DAC catastrophe bonds, cyber insurance partnerships via the Lloyd's Syndicate (e.g., with Baobab Insurance), and SCOR Investment Partners' real estate debt funds.

Differentiator

Problem solved

Functional benefit

Brands

• SCOR Investment Partners: SCOR group's asset management company, managing proprietary and third-party assets.
• SCOR Business Solutions
• SCOR Digital Solutions
• SCOR Campus
• NatReCo (Nature Restoration and Conservation)
• SCOR Corporate Foundation for Science
• SCOR Bucharest
• Atlas Capital DAC

Products and services

• Property & Casualty Reinsurance Core P&C reinsurance offering providing clients with innovative Property & Casualty reinsurance solutions across treaty and facultative business, including P&C Underwriting Solutions, for global insurance company cedants.
• SCOR Business Solutions SCOR's direct insurance arm providing insurance solutions to corporate clients, complementing the reinsurance offerings within the P&C segment.
• Life & Health Reinsurance SCOR's L&H division offering Protection Solutions, Longevity Solutions, Financial Solutions, Underwriting & Claims, Engagement Solutions, and Experience Analysis & Data Services for Life & Health insurer cedants.
• SCOR Investment Partners SCOR group's asset management company providing investment management services for own assets and third-party clients, including real estate debt funds such as SCOR Real Estate Loans V.
• SCOR Digital Solutions (SDS) Digital solutions arm offering AI-enabled claims technology and platforms for the insurance industry, achieving SOC 2 Type II compliance for all digital solutions as of June 2026.
• VITAE Biometric Risk Calculator ML-based biometric risk calculator that provides ratings for mortality, disability, and dread disease risks, automating 50% of aggravated risks assessment; built as an API on DASP and integrated as a Cloud service within SOLEM.
• Restore Product (NatReCo) SCOR's ecological restoration insurance product covering the implementation phase of ecosystem recovery projects, underwritten via Lloyd's consortium with AXA (SCOR Syndicate 2015 with AXA XL Syndicate 2003).
• Atlas Capital DAC Series 2026-1 Catastrophe Bond Catastrophe bond sponsored by SCOR providing USD 75 million in multi-year risk transfer capacity covering named storms (US/Caribbean), earthquakes (US/Canada), and European windstorms with risk period June 2026 to May 2029.
• SCOR Real Estate Loans V (Real Estate Debt Fund) Fifth real estate debt fund raised by SCOR Investment Partners, focusing on student housing, life sciences, and office assets with ESG standards.

Quantifiable outcome

• Q1 2026 net income of EUR 225 million with P&C combined ratio of 80.2% and solvency ratio of 220% (+5 points QoQ)
• +7 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability13 records

Feature8 records

Partnerships

15 partnerships are on record, tiered core, minor and flagship.

• Carbon TerraVault (California Resources Corporation)coreChannel Partner/ Reseller/ Distributor · 17 June 2026SCOR's New Energy Practice reinsurance support for the Carbon TerraVault (CTV) project in Elk Hills, California, operated by California Resources Corporation (CRC). CTV I began injecting CO2 in May 2026 and is expected to store up to 1.6 million metric tonnes of CO2 annually. Part of strategy established in 2023 for low-carbon technologies (wind, solar, biofuels, carbon capture).
• SFA Congo (DRC)minorChannel Partner/ Reseller/ Distributor · 12 June 2026SCOR (rated A) is one of four global reinsurers (with CCR Paris, Munich Re, Africa Re) on SFA Congo's international reinsurance programme, absorbing large industrial risks that local capacity cannot cover (extractive multinationals, telecoms, large transport companies). DRC insurance penetration is 0.46%.
• CCR Paris, Munich Re, Africa Re (DRC reinsurance panel)minorChannel Partner/ Reseller/ Distributor · 12 June 2026Co-reinsurers on SFA Congo's international reinsurance programme alongside SCOR, all rated A, providing capacity to absorb large industrial risks in the DRC insurance market.
• GC SecuritiescoreStrategic or Co-development Partner · 28 May 2026GC Securities acted as Sole Structuring Agent and Sole Bookrunner for SCOR-sponsored catastrophe bond Atlas Capital DAC Series 2026-1 (USD 75m, May 2026 pricing). Recurring relationship for SCOR's ILS issuance with Irish regulatory approval and ESG integration.
• Energetic CapitalcoreChannel Partner/ Reseller/ Distributor · 21 May 2026Seventh consecutive renewal of SCOR's reinsurance partnership with US-based credit insurance specialist Energetic Capital for clean energy and infrastructure projects. Renewal includes increased single obligor maximum limit and additional underwriting capabilities. Energetic Capital has facilitated over $1.5 billion in transactions across 1,500 projects in 48 U.S. states.
• OAK Global (Syndicate 2843) / OAK HorizoncoreChannel Partner/ Reseller/ Distributor · 20 May 2026Additional underwriting capacity secured by Energetic Capital from the Lloyd's market led by OAK Global's syndicate 2843 through its new strategic business unit OAK Horizon. Expands capacity for distributed energy and infrastructure markets and broadens scope of risks supported.
• Vivere (with Amwins) — California FAIR Plan wrapcoreChannel Partner/ Reseller/ Distributor · 24 April 2026SCOR (alongside Munich Re Specialty North America) provides reinsurance support for Amwins' exclusive California FAIR Plan wrap product launched with Vivere. Facility written on A-rated paper using Vivere's proprietary underwriting platform to deliver limits up to $100M (commercial) and $3M (dwelling) addressing California's $724B FAIR Plan exposure.
• Intact Insurance (Cartan Trade transaction)minorStrategic or Co-development Partner · 8 April 2026Intact Insurance increased its stake in Paris-based Cartan Trade to 80% through a transaction with SCOR and Bpifrance, becoming its largest shareholder and planning to operate Cartan as an MGA for European trade credit insurance.
• Hidrogenii (Olin Corporation / Plug Power JV)minorChannel Partner/ Reseller/ Distributor · 1 April 2026SCOR's reinsurance support for the Hidrogenii plant in St Gabriel, Louisiana — a joint venture between Olin Corporation and Plug Power and one of the largest electrolytic hydrogen liquefaction facilities in North America (up to 15 metric tons of green hydrogen daily). Reflects SCOR's energy transition strategy to promote clean energy innovations.
• Advanced Technology Assurance Ltd. (ATA)coreStrategic or Co-development Partner · 30 March 2026SCOR provides reinsurance backing (alongside Arch Insurance International, Munich Re Specialty, and other Lloyd's syndicates) for ATA's $750 million insurance facility supporting global AI and data center infrastructure expansion (expected to attract nearly $7 trillion in investment by 2030). Enables de-risking of large-scale AI projects.
• AIA AustraliacoreTechnology or Integration · 26 February 2026AIA Australia deployed SCOR's claims technology (SCOR Digital Solutions) to automate claims decision processes, aiming to improve standardization and efficiency amidst increasing claim volumes and complexity across AIA's fund partners.
• DUAL Latin AmericacoreChannel Partner/ Reseller/ Distributor · 10 February 2026Strategic partnership between DUAL (MGA) and SCOR (Tier 1 global reinsurer) to enhance capacity in the Brazilian corporate insurance market. Provides brokers and clients access to higher limits for complex risks across Property, Casualty, Professional Indemnity, and D&O lines with faster, more agile service tailored to local needs. DUAL Brazil MD: Francisco Vogt Marques.
• Baobab InsurancecoreChannel Partner/ Reseller/ Distributor · 30 January 2026German digital risks MGA partnership via SCOR Syndicate at Lloyd's to expand CyberSafe underwriting capacity in Germany and Austria to companies with up to EUR 1 billion in annual revenue. Baobab's proprietary Deep Scan technology delivers 6x higher data density than traditional risk assessment methods. The partnership strengthens SCOR's cyber capabilities while addressing rising systemic exposure among industrial clients.
• AXA (incl. AXA XL Syndicate 2003)flagshipStrategic or Co-development Partner · 20 January 2026Lloyd's of London consortium dedicated to ecological restoration insurance, de-risking investments in ecosystem recovery projects. Led by SCOR's Syndicate 2015 with support from AXA XL Syndicate 2003. The consortium underwrites SCOR's Restore Product, covering the implementation phase of ecological restoration. This is the next evolution of SCOR's NatReCo initiative launched in May 2024. Together they cover larger, more complex restoration projects globally, combining capacity and reach.
• Edison Chen / CLOTminorGTM or Marketing Partner · 11 December 2025On-chain interactive campaign 'The 888 Continuum' featuring Edison Chen, gaming, storytelling, exclusive CLOT sneaker drops, and digital collectibles over a four-month period; targets sports fandom and digital identity audiences.

Scale indicators12 records

Recent moves8 records

Expansion highlights9 records

Direct peers

• Munich Re: The world's largest reinsurer and SCOR's primary competitor within Europe's Big Four. Munich Re offers comparable P&C and L&H reinsurance, and they frequently co-participate on large programs (e.g., Vivere/Amwins California FAIR Plan, SFA Congo DRC panel).
• Swiss Re: Second member of Europe's Big Four and a direct competitor across P&C, L&H, and asset management. Swiss Re and SCOR also overlap in Lloyd's, L&H biometric risk, and capital management strategy (Philipp Ruede joined SCOR from Swiss Re).
• Hannover Re: Third member of Europe's Big Four reinsurers, with a comparable P&C and L&H franchise. Hannover Re is similarly structured around treaty reinsurance, retrocession, and ILS, competing head-to-head with SCOR on most major renewals.
• RenaissanceRe: Bermudian specialty reinsurer with strong property cat and ILS capabilities. Comparable to SCOR's specialty/P&C franchise and Atlas Capital DAC-style cat bond sponsorship, and competes for nat cat and specialty layer business.
• PartnerRe: Global multi-line reinsurer (owned by Covéa) competing in P&C, L&H, and specialty. PartnerRe's treaty and facultative offerings overlap directly with SCOR's P&C and L&H segments across Europe, North America, and emerging markets.
• Everest Group: Bermudian-based global reinsurer and insurer with reinsurance, insurance, and capital solutions arms. Competes with SCOR across P&C treaty, fac reinsurance, and specialty lines in the US, Europe, and international markets.
• TransRe: TransRe (Transatlantic Holdings / a Munich Re subsidiary after 2024 buy-in) is a specialty P&C reinsurer historically tied to SCOR via the 2011 acquisition of Transamerica Reinsurance. Comparable in P&C treaty and specialty underwriting.
• SiriusPoint: Bermudian specialty re/insurer offering P&C and L&H reinsurance through its Sirius International platform. Comparable in scale to SCOR's specialty book and competes for similar treaty and structured solutions.

Broad incumbents

• Berkshire Hathaway Reinsurance Group: Massive balance-sheet reinsurer within Berkshire Hathaway, providing property cat, casualty, and life reinsurance. Competes with SCOR on large mega-cat treaties and specialty risks, with vastly superior capital intensity.

Others

• SCOR Investment Partners peers (e.g., Barings, CBRE Investment Management, AEW): Real estate debt fund competitors to SCOR Investment Partners (e.g., EUR 260m Real Estate Loans V fund). Peer to SCOR's asset management subsidiary rather than the reinsurance core, relevant for evaluating the third-party AUM growth thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC22APNWCxjyPJvMaU5xb9xg
• LinkedInlinkedin.com/company/scor
• Instagraminstagram.com/scor.se
• Xx.com/SCOR_SE
• Facebookfacebook.com/reinsurance.SCOR

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scor