As a global (re)insurance company, SCOR contributes to the welfare, resilience, and sustainable development of societies by bridging the protection gap, increasing insurance accessibility, helping to protect the insured against the risks they face, pushing back the frontiers of insurability, and acting as a responsible investor. Through the expertise and know-how of our employees, we combine the Art & Science of Risk to offer our clients an optimum level of security and create value for our shareholders by developing our L&H and P&C business lines, respecting strict corporate governance rules. SCOR provides our clients with a broad range of innovative (re)insurance solutions and pursues an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy. The Group shares the fortunes of societies over the long term. Closing the protection gap is, therefore, both an imperative and a source of opportunities in our business, consisting of two main goals: → protecting society from extreme events, accompanying economic agents in mitigating the effects of climate change, and enabling a smooth transition to a more sustainable future → accompanying people’s health and wellbeing, including by developing accessible health prevention. . Reinsurance is often said to be insurance for insurance companies, where the reinsurer assumes a portion of the risk carried by primary insurers in exchange for premiums. This helps primary insurers manage their risk exposure, enhance their capacity to underwrite policies, and protect their balance sheets against large losses, while benefiting from the risk management and expertise offered by the reinsurer. For SCOR, this means taking calculated risks and investing the premiums earned to generate returns that enable the Group to absorb the financial impacts of various risk events and damages to which the portfolio is exposed. SCOR’s operations are structured around three primary business activities: SCOR Property & Casualty (P&C), SCOR Life & Health (L&H), and SCOR Investments. These activities are managed through three regional hubs: the EMEA Hub, the Americas Hub, and the APAC Hub. SCOR Property & Casualty offers comprehensive coverage for physical, environmental, and financial risks, including but not limited to: • Damage to physical assets from fire, natural disasters, and construction defects. • Tailored risk transfer solutions for agriculture, forestry, greenhouse, and aquaculture sectors. • Coverage for credit, surety, and political risks. SCOR Life & Health focuses on protecting human, social, and relationship capital. Leveraging expertise in biometric and healthrelated risks, the Group provides solutions for: • Critical illnesses such as cancer, heart attacks, and strokes. • Long-term care needs arising from conditions like Alzheimer’s disease. • Longevity risks crucial for pension system security. SCOR Investments oversees the Group’s asset management activities, comprising of the Group Investment Office and SCOR Investment Partners, a regulated asset management firm. SCOR Investments contributes to economic growth by emphasizing sustainable investments to enhance various forms of capital. BUSINESS MODEL OUR RAISON D'ÊTRE 23 TRANSFORMING TOMORROW WITH OUR VISION
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