4.4 Legal risk - Scor

6.2 Principal markets
SCOR is characterized by its strategic positioning aimed at underwriting risks so as to diversify exposure. To this end,
the Group seeks to preserve:
• the diversification of its business by maintaining a broadly balanced business division split between Life and
Non-Life reinsurance. The portfolio business volume split for the year ended 31 December 2012, was
approximately 51% for Life reinsurance and 49% for Non-Life reinsurance based on gross written premiums.
• the geographic diversification of the Group’s business by:
- operating in a large number of countries, both mature and emerging;
- maintaining its policy of positioning itself in strong-growth markets as Asia-Pacific and Latin America;
- operating as a composite reinsurer in China based on the license received in 2011, enabling SCOR
to add Life & Health reinsurance services to the existing Non-Life activities.
• the diversification of underwritten risks in Life reinsurance by line of business (Life, Life Financing Reinsurance,
Disability, Long-Term Care, Critical Illness, Health, Annuities, Personal Accident, and Longevity), and in Non-
Life reinsurance by business area (Property and Casualty Treaties, Specialty Treaties, Business Solutions
(large corporate accounts underwriting essentially on a facultative business/occasionally direct insurance) and
Joint Ventures and Partnerships).
6.2.1 BREAKDOWN OF GROSS PREMIUMS BY DIVISION
In EUR million 2012 2011 2010
By division
SCOR Global P&C 4,650 49% 3,982 52% 3,659 55%
SCOR Global Life 4,864 51% 3,620 48% 3,035 45%
Total 9,514 100% 7,602 100% 6,694 100%
By sub-division
Non-Life reinsurance
Treaties 2,502 54% 2,085 52% 1,864 51%
Business Solutions (facultative) 616 13% 538 14% 483 13%
Specialty Treaties 935 20% 925 23% 868 24%
Joint Ventures & Partnerships 597 13% 434 11% 444 12%
Total SCOR Global P&C 4,650 100% 3,982 100% 3,659 100%
Life reinsurance
Life 3,182 65% 2,132 59% 1,578 52%
Life Financing Reinsurance 553 11% 492 14% 535 18%
Critical Illness 220 5% 177 5% 137 4%
Disability 278 6% 239 7% 253 8%
Long-Term Care 150 3% 154 4% 136 4%
Annuities 11 0% 9 0% 47 2%
Health 293 6% 311 8% 292 10%
Personal Accident 123 3% 98 3% 57 2%
Longevity 54 1% 8 0% 0 0%
Total SCOR Global Life 4,864 100% 3,620 100% 3,035 100%
See “Paragraph 20.1.6 - Notes to the financial statements, Note 2 - Segment information, for further detail on the results
of the divisions.
6.2.2 DISTRIBUTION BY GEOGRAPHIC AREA
In 2012, SCOR generated approximately 42% of its gross written premiums in Europe (2011: 49%), with significant
market positions in France, Germany, Spain and Italy, 39% of its gross written premiums in North America, including
Bermuda and the Caribbean region (2011: 31%) and 19% of its gross written premiums in Asia and in the rest of the
world (2011: 20%).
The following table shows the breakdown by gross volume of Life and Non-Life premiums written by geographic area
based on the country in which the ceding company operates for treaty business and location of the insured for facultative
business:
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