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The reinsurance market’s results in 2002

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Magazine Issue: 
Arm Wrestling in Morocco between Insurers and Private Polyclinics [3]
Magazine date: 
Jul 2003

On June 6, the Association of French reinsurers (ARF) and the French Federation of the insurance companies (FFSA) announced that, after the losses registered in the year 2001 (- 575,9 million Euros), the reinsurance market is still in the red for the second consecutive year (- 368,6 million loss). SCOR, number 1 French and 6th-ranking world reinsurer, burdens the sector with a net loss of -455 million Euros.

Despite these results, the French market improved its market shares in 2002. The collection of premiums of the French reinsurers reached 11 billion Euros in a market estimated at 150 billion Euros.

The world reinsurance volume has decreased by 150 billion Euros since the year 2000.

Wed, 08/05/2013 - 14:05

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