In order to invest online in the French company Scor's share, the ideal is to know this company well. This is what we offer here thanks to information on the activities of this insurance group, its competitors and partners, but also other useful information and data such as a historical technical analysis of its price. You will thus be able to set up concrete and effective analyses before trading this stock.
In particular, we will be closely monitoring the development of this group's activities in the insurance market, which offers excellent growth opportunities. The same applies to the reinsurance market, which is currently experiencing a strong recovery and could therefore prove interesting for Scor.
The Scor Group's acquisitions of companies should also be taken into consideration as they often herald growth.
Increasingly strong competition in certain segments such as reinsurance should also be carefully monitored, particularly with regard to the arrival of new, more competitive players.
The Solvency II framework should also be taken into account in your analysis for its impact on the share price.
Finally, we will also keep an eye on catastrophic events such as natural disasters, which can multiply and weigh globally on the profitability of the insurance sector worldwide.
The French group Scor is currently the number one reinsurance company in France. However, its activities can be divided into several divisions according to the level of gross premiums achieved per activity and in this way:
The business relating to life reinsurance contracts accounts for the majority of gross premiums, i.e. 59.3%.
Next come the non-life reinsurance activities which account for 40.7% of the company's gross premiums. These include property and casualty reinsurance with coverage for industrial and commercial property damage, damage to vehicles, ships and stored or transported goods, coverage for fire-related losses and civil liability coverage, which account for 54.20% of these gross premiums, specialty reinsurance such as coverage of agricultural, aviation, construction or credit and surety risks which represent 20.9% of these gross premiums, facultative reinsurance with the reinsurance of large industrial risks which represent 12.3% of these gross premiums and the rest for 12.6%.
As regards the geographical distribution of the Scor group's activities, most of the gross written premiums are in the Americas with more than 45.5% of the premiums. Next comes the Europe-Middle East and Africa sector with 37.1% and the rest of the world with 17.4%.
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To help you better analyze the future challenges of the SCOR group, it is essential to know the reinsurance industry and its main players. We will therefore present you SCOR's biggest competitors here:
This German reinsurer based in Munich is one of the largest in the world. Its shares are listed on the German stock exchanges and on the Xetra electronic trading system. The group is also included in the DAX 30 stock index and the Euro Stoxx 50 stock index.
This company also known as Swiss Reinsurance Company is a Swiss insurance and reinsurance company based in Zurich. It is also the second largest company in the reinsurance sector in terms of turnover, just behind Munich Re, which we have just presented to you.
This German group, which also specialises in reinsurance, is also one of the largest groups in this sector worldwide in terms of turnover. It is based in Hannover, Germany and is majority controlled by Talanx. Hanover Re's business activities include, of course, life, property and liability insurance. The group also has a network of subsidiaries and branches as well as representative offices based on 5 continents and currently employs over 2,500 people.
Finally, you should also keep a close eye on the Berkshire Hathaway Group, which is an American conglomerate and investment company headquartered in Omaha, Nebraska, USA and led by Warren Buffet and Charlie Munger. In addition, the company is ranked among the world's largest publicly traded companies. Its shares are listed on the New York Stock Exchange and its annual general meeting of shareholders is attended by over 37,000 shareholders.
If the Scor group is currently one of the world's leading reinsurance companies, it is of course not without reason, since a large part of its success is due to a very well thought-out development strategy. This strategy naturally includes strategic alliances with other companies, of which here are some recent examples.
In 2008, the French group Scor renewed a partnership in the form of a reinsurance contract with the MDU or Medical Defence Union, which is the first mutual insurance company for health professionals in the United Kingdom. The initial contract has been extended for a period of 10 years.
In 2017, it was with the SwitchAssur group that Scor partnered with the aim of offering its customers a home loan insurance service.
More recently in 2018, the Scor Group announced a partnership agreement with the LBO France Group which specializes in private equity. This agreement aims to create a corporate debt fund with a collection of more than €300 million under the name Scor Mid Market Loans. The LBO France group will act as an investment advisor to the fund.
To succeed in setting up an effective strategy on the Scor share price, you must, in addition to a good technical analysis, be able to set up a complete fundamental analysis. To do this, you must of course know all the strong and weak points of this stock and this company, which are detailed below.
In terms of the strengths of this company and its stock, these include:
As far as the weak points of this value are concerned, the following points should be noted:
In order to make a meaningful analysis of the potential for Scor's share price and whether you should buy or sell, it is advisable to take all of these strengths and weaknesses into account and use them to determine the company's growth potential and possible risks. By comparing this data with the results obtained through technical analysis, you will be able to adapt your strategies according to the forecasts you have made in the short, medium or long term.
In order to know the history of the SCOR group, there are a few dates that you should remember first. For example, the company was created in 1970. More recently, in 2006, the group absorbed the company Revios, then in 2007, the company Converium. In 2011, TransAmerica Re was acquired by SCOR. Finally, in 2013, the Group also acquired Generali US.
The SCOR group's activities are divided into several segments: Non-Life and Life reinsurance with SCOR Global P&C and SCOR Global Life, specialty insurance with SCOR Business Solutions, The Channel Syndicate and MGA's and asset management with SCOR Global Investments and SCOR Investment Partners. However, this breakdown is likely to change over time.
While it is impossible to predict exactly how the SCOR Group share will perform in the coming months and years, you can detect interesting upward or downward signals by using the analysis of this stock. To do this, you will of course need to combine several methods of analysis, including technical analysis and fundamental analysis, in order to multiply the sources of indicators and maximise your chances of finding interesting trends in advance.
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