According to a newly released SCOR’s 2024 Activity Report, 2024 was again marked by significant challenges, including the impacts of climate change, geopolitical tensions, and a diverse range of evolving risks.

Shifting demographic patterns have reshaped reinsurance needs around the world and technology and data have become crucial, promising to revolutionize the industry and create new expectations from clients and policyholders.

The report offers an overview of the Group’s 2024 results and its strategic vision for the future, while shining a light on key solutions, partnerships, and innovations that continue to position the Group at the forefront of the reinsurance industry, SCOR said in its press release.

SCOR has successfully navigated the above-mentioned challenges by recognizing and embracing opportunities, adapting swiftly, and tailoring its offerings to meet the unique needs of various markets. Backed by the Group’s vision for 2025 and beyond, SCOR is well-positioned to address and respond to future challenges, enhance societal resilience, and transform complexity into opportunity, as Thierry LÉGER, Chief Executive Officer believes.

“Innovation is critical to our vision. It’s a mindset where challenges become opportunities and our experts are empowered to push typical approaches a step further”, Thierry LÉGER said.

The full report can be found here.