Finally, innovation is critical to our vision. It’s a mindset where challenges become opportunities and our experts are empowered to push typical approaches a step further. Enabled by data-driven insights, continuous product development, and the integration of cutting-edge technologies, innovation is a cornerstone of our strategy and success. SCOR IS LOOKING FORWARD Standing on strong foundations and looking to future opportunities, SCOR adopts a forward-looking approach to anticipate and manage emerging and evolving risks (page 42). Our commitment to solutions, partnerships, and innovation is not just about staying ahead; it’s about shaping the future of reinsurance and contributing to a more resilient world. To do this, we are guided by the strategic vision of our leaders. Our Executive Committee (page 16) and Board of Directors (page 18) ensure strong governance that strengthens our long-term stability and industry position. Throughout this report, you will hear Comex members discuss trends and developments in their domain and meet several regional leaders who expanded their roles in 2024 (page 82). Moving forward, an agile organization will enhance SCOR’s ability to tackle challenges in the coming years. The new organization was the first step and we are now focused on completing our cultural transformation (page 52). By fostering an agile mindset and further leaning into cross-functional collaboration, SCOR aims for greater efficiency, accountability, and transparency, while ensuring the success and wellbeing of our employees. Sustainability remains a priority at SCOR and is closely linked to our Raison d’Être: contributing to the welfare, resilience, and sustainable development of society by bridging the protection gap, increasing insurance accessibility, and helping protect against risks. We firmly believe in our industry’s role in creating a brighter future and SCOR is dedicated to providing solutions that not only protect our shared future (page 30) but also restore ecosystems and improve our world (page 68). Where preventative measures are possible, we will take the necessary steps (page 46) as preventing risk events is far better than rebuilding or recovering after damage. Looking ahead to 2025 and beyond, SCOR is ready to manage disruptions, embrace new opportunities, and become the reinsurer of tomorrow. With unwavering commitment to excellence, SCOR is not just a reinsurer; we are a solutions maker and a co-creator of resilient futures. ACKNOWLEDGMENTS Our achievements in 2024 would not have been possible – nor would we have been able to respond so decisively and effectively to challenges – without the support and dedication of our employees and partners, the trust and confidence of our clients, and the backing of our shareholders. We would like to thank each of you for your continued confidence in SCOR’s vision and strategy. To our clients, we are deeply grateful for the opportunity to serve you. Your partnership and collaboration drive us to innovate and push boundaries. And to our employees, we see and appreciate your hard work, dedication, and resilience. You have faced challenges head-on and adapt relentlessly to excel in a dynamic environment. Your expertise, creativity, and commitment to SCOR’s values are the foundation of our achievements this year and every year. This report is a testament to the impact of your work. Thank you for your unwavering dedication to The Art & Science of Risk and for making our company a great place to work. . “Innovation is critical to our vision. It’s a mindset where challenges become opportunities and our experts are empowered to push typical approaches a step further.” T.L. 13
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