SCOR's Actuarial Initiatives: Expanding Horizons in 2024

In 2024, SCOR, a leading global reinsurance company, continued its commitment to supporting actuarial science by presenting Actuarial Awards in seven countries and launching an annual scholarship program in the UK. These initiatives not only promote the development of actuarial science but also contribute to the improvement of risk knowledge and management in the insurance and reinsurance industries.

SCOR's Actuarial Awards, recognized as a mark of excellence, are designed to encourage research in actuarial science and contribute to the ongoing development of risk knowledge and management. In 2024, SCOR presented awards in Australia, France, Germany, Italy, Singapore, Sweden, and Switzerland. The inaugural year for the new SCOR Actuarial Awards in Asia-Pacific, organized in conjunction with the IFoA Foundation, attracted a diverse pool of applicants from universities in countries where SCOR has an office.

The involvement of the IFoA Foundation in the new APAC awards is likely to enhance the quality and diversity of submissions. This collaboration brings a wealth of expertise and global connections to the table, attracting more international submissions and fostering a broader exchange of ideas and best practices in actuarial science. Additionally, the IFoA Foundation's commitment to supporting actuaries from diverse backgrounds could lead to a more inclusive pool of applicants, promoting innovation and fresh perspectives in the field.

In addition to the Actuarial Awards, SCOR launched a new actuarial scholarship program in the UK. This program aims to invest in the career development of budding actuaries right from the start of their studies. By awarding two corporate scholarships per year to eligible students intending to study on an accredited actuarial course in the UK and/or Ireland, SCOR is fostering a talent pipeline for the actuarial profession. This initiative not only supports the growth of actuarial science but also contributes to the welfare, resilience, and sustainable development of society by promoting risk knowledge and management.

SCOR's actuarial scholarship program aligns with its long-term strategy for actuarial science development. By expanding its reach to the UK and Asia-Pacific, SCOR fortifies its commitment to pushing back the frontiers of insurability and contributing to the welfare, resilience, and sustainable development of society. This strategic move is expected to have a significant impact on the UK's actuarial talent pool and the broader insurance industry. By investing in the career development of budding actuaries, SCOR fosters a more diverse and skilled talent pool, potentially attracting top talent from underrepresented backgrounds. This could lead to innovative risk management strategies and improved risk knowledge, benefiting the insurance industry as a whole. Moreover, the scholarship program may encourage more students to pursue actuarial careers, addressing potential talent shortages and contributing to the industry's long-term growth and sustainability.



In conclusion, SCOR's Actuarial Awards and scholarship program in 2024 demonstrate the company's commitment to supporting actuarial science and fostering the development of actuarial talent. By expanding its reach to the UK and Asia-Pacific, SCOR is not only promoting the growth of actuarial science but also contributing to the improvement of risk knowledge and management in the insurance and reinsurance industries. These initiatives are expected to have a significant impact on the actuarial talent pool and the broader insurance industry, ultimately benefiting society as a whole.