According to an official statement, SCOR chairman and CEO Denis Kessler "has proposed to the compensation and nomination committee that his annual variable compensation for the 2019 fiscal year be reduced by 30% compared to the amount mentioned in the 2019 URD published on March 13, 2020". This means he will be taking a 30% pay cut in his annual variable compensation for the 2019 fiscal year which amounted to EUR325,260 ($354,333).