Insurance and Investment: The End of the Double Standard for SCOR

The statement argues that SCOR is adopting a double standard by reducing its exposure to natural catastrophe contracts to protect profitability while continuing to cover fossil fuel companies, despite global climate disruption and recommendations to limit damage.

• Extreme weather events caused over $32 billion in damages globally during the first quarter of 2022.
• SCOR, the world's fourth largest reinsurer, announced plans at its most recent general meeting to decrease its exposure to reinsurance contracts associated with natural catastrophes by 15% to protect its profitability.
• SCOR continues to provide risk coverage for fossil fuel companies, a practice the document claims is behind its peers and contrary to recommendations for limiting climate damage.

APA

admin (2022). Insurance and Investment: The End of the Double Standard for SCOR. Reclaim Finance. https://reclaimfinance.org/site/en/2022/07/06/insurance-and-investment-the-end-of-the-double-standard-for-scor/

Chicago

admin. Insurance and Investment: The End of the Double Standard for SCOR. Reclaim Finance, 2022. https://reclaimfinance.org/site/en/2022/07/06/insurance-and-investment-the-end-of-the-double-standard-for-scor/.

Wikipedia

{{cite press release |last1=admin |title=Insurance and Investment: The End of the Double Standard for SCOR |publisher=Reclaim Finance |date=6 July 2022 |url=https://reclaimfinance.org/site/en/2022/07/06/insurance-and-investment-the-end-of-the-double-standard-for-scor/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2022insurance, author = {admin}, title = {{Insurance and Investment: The End of the Double Standard for SCOR}}, publisher = {Reclaim Finance}, year = {2022}, month = jul, url = {https://reclaimfinance.org/site/en/2022/07/06/insurance-and-investment-the-end-of-the-double-standard-for-scor/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }