Page 19 - renews2019

SCOR launches its
new strategic plan
SCOR has now successfully concluded its “Vision in Action” plan, confirming its position as an independent global Tier 1 reinsurer with a “AA-“ rating. SCOR has once again demonstrated its ability to combine growth, profitability and solvency in a period of low interest rates, marked by a series of natural catastrophes.
Things are speeding up. The environment is becoming increasingly uncertain and complex, in scientific and technological as well as economic, financial, geopolitical, societal and regulatory terms. In an expanding and changing risk universe, SCOR firmly believes that reinsurance has strong growth potential.
With its proximity to clients, its recognized expertise and its mastery of Life and P&C reinsurance, SCOR has all the vital qualities necessary to meet a growing demand for protection.
SCOR has set itself ambitious profitability and solvency targets in the current financial context. Under the Quantum Leap plan, the Group will pursue its growth while staying true to the fundamental principles that have shaped its success – a controlled risk appetite, a robust capital shield policy, high diversification and a strong franchise - transforming profoundly to create the reinsurance company of the future. SCOR is using new technologies – such as artificial intelligence, robots, blockchain, big data, satellite imagery and multi-cloud... – to innovate, expand its offering and increase its efficiency for the benefit of its clients throughout the world. All of the company’s activities are involved, from underwriting to asset management and from risk analysis to claims settlement. All SCOR employees are totally committed to implementing this ambitious plan, which will enable SCOR to fully adapt to the world of tomorrow.
In a changing risk coverage market, Quantum Leap will ideally position SCOR to create even greater value for all its stakeholders.
TWO EQUALLY WEIGHTED TARGETS
Föreläsning Tove Lifvendahl
www.scor.com
THE SCOR SWEDEN RE MAGAZINE 2019 19
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