SCOR was elected “Most Popular Foreign-Capital Insurance Company” at the fifth China International Insurance Summit, which was held in Beijing on 16 and 17 May 2013.

 

This award comes at a time when the Group has considerably strengthened its positions in China and, more globally, in the Asia-Pacific region over the past few years. SCOR and the Chinese market share a long history based on the continuity of relationships developed over 40 years of cooperation, with permanent SCOR representatives in China for almost 15 years. Following the receipt of two national reinsurance licences in China, the first in P&C (in 2008) and the second in Life (in 2010), SCOR transformed its local representative office in Beijing into a branch attached to the Group’s parent company, SCOR SE. With Yu Wei Dong as General Manager, the Beijing branch forms the centre of SCOR’s activities in China. Working autonomously, it benefits from the support of the entire network of SCOR experts as well as the support of the regional Singapore Hub, one of the Group’s six global Hubs.

 

The Asia-Pacific region represented around 13% of SCOR’s total premiums in 2012 and the Group holds major positions there, notably in China, Japan, India, Australia and South Korea.

 

 

Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “Following the very large number of professional awards obtained by SCOR on a global level over the past few years, and an “Asia Insurance Industry Award” of “General Reinsurer of the Year” in 2007, I am particularly pleased by the recognition of the Group in China, which this new award demonstrates. SCOR’s development in China and throughout the region is an integral part of the Group’s strategy and contributes to the geographical diversification of our portfolios. SCOR is now a genuinely global group, with close to 60% of its 2012 premium income generated in the Americas and Asia-Pacific”.