4.4 Legal risk - Scor

The table below is a reconciliation of the beginning and ending liability for claims reserves and claims expenses of SCOR
Global P&C for the years ended 31 December 2012 and 2011.
In EUR million 2012 2011
Gross claims reserves and claims estimates as at 1 January 10,602 9,696
Ceded claims reserves and claims estimates as at 1 January (765) (412)
Net claim reserves and claims estimates as at 1 January 9,837 9,284
Revaluation of opening balance at current year end exchange rates 192 94
Net claims reserves and claims estimates as at 1 January – revalued 10,029 9,378
Net claims incurred relating to the current calendar year 1,684 1,336
Net claims incurred for prior calendar years 972 1,300
Total net claims incurred 2,656 2,636
Net claims payments for the current calendar year (50) (92)
Net claims payments for prior calendar years (2,407) (2,080)
Total net claims payments (2,457) (2,172)
Reclassifications (4) (8)
Effect of other foreign exchange rate movements (57) 3
Net claim reserves and claims estimates as at 31 December 10,167 9,837
Ceded claims reserves and claims estimates as at 31 December (690) (765)
Gross claims reserves and claims estimates as at 31 December 10,857 10,602
Analysis of Asbestos & Environmental IBNR reserves and claims paid
For the year ended 31 December
Asbestos (1) Environment (1)
2012 2011 2012 2011
Gross reserves, including IBNR reserves (in EUR million) 109 117 15 16
% of Non-Life gross reserves 0.9% 1.0% 0.1% 0.1%
Claims paid (in EUR million) 9 6 1 1
Net % of Group Non-Life claims paid 0.1% 0.3% 0.0% 0.0%
Actual Number of claims notified under non-proportional
and facultative treaties (in EUR million) 10,165 9,967 8,355 8,350
Average cost per claim (1) (in EUR) 15,940 15,513 3,734 3,739
(1) Does not include claims which result in no ultimate cost and claims notified only for precautionary reasons for which the amount is not evaluated
SCOR Global Life
The change in Life mathematical reserves for the years ended 31 December 2012 and 2011 was as follows:
In EUR million 2012 2011
Gross mathematical reserves as at 1 January 7,293 7,420
Change in scope of consolidation - (274)
Changes (72) 81
Impact of foreign exchange movements 17 66
Gross mathematical reserves as at 31 December 7,238 7,293
Reinsurance Recoverable
Ceded mathematical reserves as at 1 January (252) (454)
Change in scope of consolidation - 121
Changes (4) 71
Impact of foreign exchange movements (1) 10
Ceded mathematical reserves as at 31 December (257) (252)
Net mathematical reserves as at 1 January 7,041 6,966
Net mathematical reserves as at 31 December 6,981 7,041
248