The reinsurance market’s results in 2002

On June 6, the Association of French reinsurers (ARF) and the French Federation of the insurance companies (FFSA) announced that, after the losses registered in the year 2001 (- 575,9 million Euros), the reinsurance market is still in the red for the second consecutive year (- 368,6 million loss). SCOR, number 1 French and 6th-ranking world reinsurer, burdens the sector with a net loss of -455 million Euros.

Despite these results, the French market improved its market shares in 2002. The collection of premiums of the French reinsurers reached 11 billion Euros in a market estimated at 150 billion Euros.

The world reinsurance volume has decreased by 150 billion Euros since the year 2000.