SCOR Sees Artificial Intelligence as a Catalyst for Growth and Innovation in Reinsurance
At RVS 2025, SCOR's CEO highlighted AI’s potential to improve risk pricing, innovation, and efficiency in insurance. A dedicated AI team and tools already boost internal and client operations.
SCOR's Outlook on Artificial Intelligence at RVS 2025
At the 2025 Rendez-Vous de Septembre (RVS) in Monte Carlo, Thierry Léger, Group CEO of SCOR, shared a clear stance on artificial intelligence (AI) for the insurance sector. He highlighted that AI presents more opportunities than risks and can significantly enhance SCOR's business model.
Léger pointed out that AI will drive meaningful changes in how risk is priced, foster innovation, and improve efficiency across insurance and reinsurance operations. According to him, AI is set to accelerate transformation within companies.
Opportunities Beyond Risks
While recognizing the risks associated with AI, Léger emphasized that SCOR views AI as a net positive. The company has invested in building a dedicated team of nearly 100 experts focused solely on AI initiatives, data management, and practical applications.
One of their developments is the AI Assistant, created two years ago. This tool is used internally to optimize processes and is also offered to clients, demonstrating SCOR’s commitment to integrating AI solutions directly into business operations.
AI’s Impact on Insurance and Reinsurance
Léger expects AI to bring a seismic shift in productivity and accuracy within SCOR. He explained that increased risk awareness, driven by AI insights, is likely to boost demand for reinsurance.
He concluded by stressing that SCOR is closely monitoring developments and is well prepared to leverage AI as a key factor to enhance its business model.
- Key Takeaways for Insurance Professionals:
- AI will reshape risk pricing methods.
- Innovation and operational efficiency will improve.
- Companies must invest in dedicated AI teams.
- AI tools can serve both internal needs and client solutions.
- Heightened risk awareness may increase reinsurance demand.
For insurance professionals interested in advancing their AI knowledge and skills, exploring specialized training can be valuable. Relevant courses can be found at Complete AI Training.
