The Financial Services Agency of Japan (FSA) has given SCOR Global Life approval to open a branch office in Tokyo. The SCOR Global Life Japan Branch will enable SCOR to conduct life and health reinsurance business in Japan. SCOR has had a presence in Japan since 1983 when SCOR set up its Japan liaison office. The new branch is part of the group's "Vision in Action" strategic plan to grow and deepen its franchise and shows the company’s commitment to the country. The new Japanese branch will deliver innovative products, underwriting, claims and risk solutions to the life and health market and will leverage SCOR's expertise, particularly in long-term care, critical illness, other health products and distribution solutions. Paolo De Martin, CEO of SCOR Global Life, said, "The opening of the branch will enable us to deliver new and innovative solutions to support our customers in the Japanese life market."
