Scor Global Life has reported a 20% increase in gross written premium to €7.6 billion ($11.6 billion) for last year, with increased business volumes in Asia.

Claims for the year totalled €6.3 billion ($9.6 billion), compared with €5 billion ($7.6 billion) in 2014. This delivered a net technical result of €345 million ($527 million), up from €247 million ($377 million).

Scor CEO Denis Kessler says the strong result comes as the reinsurer’s inforce portfolio performs in line with expectations.

“The protection business is successfully growing in all key markets, with strong business flow in Asia-Pacific,” he said.

“The longevity business was in line with Scor’s risk appetite, thanks to new contracts underwritten in the UK and Canada, thereby demonstrating Scor Global Life’s ability to leverage its success in the UK longevity market.”

Mr Kessler says the group’s financial solutions operation increased new business volumes, especially in Asia, despite a changing regulatory environment.