SCOR, renewal as of 1 January 2021: sharp premium increase

ScorSCOR Global P&C benefits from significantly improved market conditions as of 1 January 2021. The premiums renewed at that date reached 3.445 billion EUR (4.17 billion USD), a 15.9% increase compared to 2020.

The French reinsurer expects an on-going rate increase as well as improved treaty terms and conditions by the next renewals in April and July 2021.

Renewed portfolio as of 1 January 2021

 Renewed premiumsChange from January 2020Main growth drivers
Treaty P&C Lines1
2.471 billion EUR
(2.996 milliards USD) +12.2 %
+12.2 %Europe, Strongly growing markets
Treaty Global Lines2
973 billion EUR
(1.179 milliards USD)
+26.4 %Agriculture, credit and suretyship
3.445 billion EUR
(4.17 milliards USD)
+15.9 % 

1 includes property&casualty, disasters, third party liability, motor and other related classes of business (personal insurance, nuclear, terrorism, special risks, extended motor coverage and retrocession).
2 includes the agriculture, aviation, credit and suretyship, decennial liability insurance, Engineering, marine and energy, space, and cyber-risk classes of business.

Read also | Strength of the reinsurance market in 2020

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