Dr. Hemmati, the President of Bimeh Markazi Iran (Central Insurance
of IR Iran), had bilateral discussion on insurance with Victor Peignet, Chief
Executive Officer of SCOR Global P&C SE, on Friday, 18 November 2016.
As for the Iranian insurance industry and SCOR team, Dr. Hemmati
valued collaboration and efforts of SCOR as the fifth largest reinsurer
worldwide paving the way for a number of crucial risk coverage in Iran
including oil and petrochemical industry and fire excess of loss, while
maintaining that resolving the intricacy of sanctions pertaining to insurance
policies is of paramount significance. President of Bimeh Markazi also insisted
that terms and conditions beyond JCPOA shall not be accepted.
Victor Peignet voiced his enthusiasm for developing business and
partnership in large-scale economic projects in Iran along with training
courses and workshops in wide variety of subjects such as catastrophe risks,
pricing methods for insurance products, and energy insurance, all intended for
the specialist and managerial positions.
SCOR was established in 1970, and as an independent global
reinsurance company, it has been aiming at developing its life and P&C
business lines to provide clients with value-added solutions and to pursue an
underwriting policy based on profitability, through effective risk management
and a cautious investment policy. The strategy is based on a development model
driven by three entities, i.e. SCOR Global P&C (Property and Casualty
reinsurance), SCOR Global Life (Life reinsurance), and SCOR Global Investments
So far SCOR has opened 38 offices in different corners of globe
like Hong Kong, London, Dallas, Madrid, Mexico, Bogota, Sydney, Singapore,
Tokyo, New York, Italy, Rio de Janeiro, Miami, Seoul, Moscow, Beijing, Labuan,
Dublin, Brussels, India, and China.
In 2015, Moody’s provided further recognition of SCOR’s financial
strength with a positive outlook to the Group’s A1 rating.
SCOR registered 13.4 billion Euros of premium income in 2015, with
27.6 billion Euros of total investment asset. Gross written premiums reach EUR
10,216 million at the end of the first nine months of 2016; also shareholders’
equity stands at EUR 6,436 million at 30 September 2016.