Entity
  • SCOR

    Created in 1970
  • BETA

    Up & running (A)
    Existing signals show a regular activity
  • Social networks

    898 4,217 87,872
  • Entity types

  • Location

    5 Av. Kléber 75 795, 75116 Paris, France

    Paris

    France

  • Employees

    Scale: 1001-5000

    Estimated: 4,250

  • SIREN

    562033357
  • Engaged corporates

    40
    12 19
  • Added in Motherbase

    4 years, 9 months ago
Description
  • Value proposition

    Combining the Art and Science of Risk to protect societies

    SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C.

    The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.

    The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.

    One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.

    Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.


    Property and Casualty Reinsurance, Life Reinsurance, Asset Management, and Life and Health Reinsurance

  • Original language

    Combining the Art and Science of Risk to protect societies

    SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C.

    The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.

    The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.

    One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.

    Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.

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