SCOR’s values
SCOR’s corporate values are at the heart of its activity. The Group is constantly striving to build a sustainable company that strikes the right balance between its own legitimate interests and those of the common good. To achieve this, SCOR aims to attract, develop and retain employees who truly share its values, while creating a workplace conducive to employee enthusiasm and commitment.
PROFITABILITY
A good return for our shareholders is at the core of our strategy. We are accountable for our actions and do what we say we will. We conduct our business in a consistent and transparent way by setting clear goals and defining professional standards, which establish our credibility.
Examples:
- Ensuring the best possible returns for our shareholders: SCOR’s track record Strategic targets of “Vision in Action”
- Being transparent and credible: SCOR’s strong corporate governance and compliance framework SCOR’s Risk Management framework
EXPERTISE
We are committed to delivering the very best quality to our clients in terms of our products and services and we act with absolute integrity, which enables us to develop our business in an environment based on trust. We are constantly improving our knowhow and encourage innovation, with a view to providing our clients with high added value solutions.
Examples:
- Sharing our know-how and anticipating future challenges
- A talented, educated and interdisciplinary workforce: ~98 PhD, 438 qualified actuaries
EMPOWERMENT
Our relationship with employees is based on loyalty and partnership. We are dedicated to equal opportunities, we value diversity, and we aim to promote and reward team spirit. Respect is the cement of our multicultural group. We provide our employees with the opportunity to achieve their goals by exalting professionalism and promoting professional education.
Examples:
- Investing in professional training and knowledge development: “In 2017, on average, approximately 20 hours of training were given per employee (including the global e-learning programs).”
- Promoting gender diversity and female empowerment: SCOR International Gender Network (SIGN) is actively engaged in actions such as the mentoring of women.
- Promoting a culture of open feedback and trust: Annual Appraisal & Development Interview.
OPERATIONAL EXCELLENCE
We believe in the strength of the markets based on the principle of fair competition, and we do our utmost to base our leading position on an innovative corporate culture centered on our knowledge. This strategy enables us to encourage open- mindedness, to increase our flexibility and to provide consistent solutions in order to anticipate the challenges of the future.
Examples:
- “Putting the right people in the right place”:
SCOR’s Hub structure and Centers of Excellence (IFRS, ICS, Actuarial, etc.) - Investing in the future:
Big Data & Analytics, Blockchain Initiative in Insurance (B3i)
SUSTAINABLE DEVELOPMENT
We are conscious of our societal responsibility towards local communities and the environment. We demonstrate our openness through our involvement in public debate and academic research, thereby contributing to the knowledge society. With this in mind, we promote scientific progress in order to contribute to equitable development on a long-term basis.
Examples:
- Limiting our environmental footprint: GreenSCOR
- Commitment to reducing our CO2 emissions intensity (15% per employee by 2020).
- Deployment of environmental management systems in our main offices (65% of SCOR employees work in certified eco-friendly offices).
- Underwriting restrictions on coal.
- Encouraging scientific progress: the Art & Science of Risk
- SCOR’s Corporate Foundation for Science: EU 7.5m budget over 5 years.
- Partnerships with TSE (Toulouse School of Economics), PSE (Paris School of Economics).
- Investments in the knowledge society (e.g. Humensis, Gutenberg Technology).
- SCOR Actuarial Awards, Young European Researcher Prize for research into Alzheimer’s Disease.