Scor Life and Health Ventures will invest in the life insurance sector and has made its first deal by committing capital to health and wellness company iBeat.

France-based life reinsurance provider Scor Global Life launched a corporate venturing unit on Thursday called Scor Life and Health Ventures.

The unit will focus on the life insurance sector, targeting startups that can add strategic value to the corporate’s offering. The size of its fund have not been disclosed.

Scor Global Life forms part of Scor, a reinsurance group that also includes property and casualty reinsurance business Scor Global P&C and asset management firm Scor Global Investments.

Scor Life and…