SCOR: P&C premium increase as at 1 January 2024
During the 1 January 2024 renewals, the SCOR group's P&C business recorded a 13.6% increase in premiums to 4.246 billion EUR (4.567 billion USD).
The French reinsurer is expecting to maintain appropriate pricing conditions and portfolio growth for the next renewals in 2024.
SCOR: reinsurance portfolio renewed on 1 January 2024:
Figures in millions| Premiums renewed | Trend compared with January 2023 | ||
|---|---|---|---|
| EUR | USD | ||
| «P&C Lines»1 Treaties | 2 198 | 2 364 | + 0.8% |
| «Global Lines» (excluding «Alternative Solutions») | 1 498 | 1 611 | + 9.4% |
| «Alternative Solutions»2 | 550 | 592 | + 191.5% |
| Total | 4 246 | 4 567 | + 13.6% |
1 including property damage, catastrophe damage, liability, motor and other related classes of business (life and health, nuclear, terrorism, special risks, motor coverage extensions and retrocession)
2 including agriculture, aviation, credit/ bond, decennial insurance, engineering, marine and energy, space, and cyber risks classes of business
Read also | The reinsurance market in 2024
