25 TRANSFORMING TOMORROW WITH OUR VISION CLAUDIA DILL Group Chief Operating Officer IN LAST YEAR’S ACTIVITY REPORT, YOU SPOKE ABOUT SCOR’S TRANSFORMATION JOURNEY. WHY IS THIS TRANSFORMATION NECESSARY AND WHAT PROGRESS WAS MADE IN 2024? C.D. The reinsurance ecosystem is evolving, primarily driven by technological advancements, the recognition of the value of data, and changes in demand. SCOR wants to remain at the forefront of these developments by enhancing our platform to be future-ready, a key ambition of our Forward 2026 strategic plan. O ur transformation program is a major enabler for the continuous enhancement and modernization of our operations. The program encompasses a large portfolio of initiatives that promote tech and data developments, drive process simplification and automation, and reshape the way we work to ensure we remain efficient and effective, providing full support to the development of our business. We recognize the tangible value that our transformation journey is delivering and consider it as a key building block to pursue our strategic plan and build the foundation for longer-term transformation. In 2024, the transformation program achieved its savings targets and we continued to strive for operational excellence with concrete actions that further accelerate the continuous improvement across our value chain. ACCELERATING TRANSFORMATION TO ENHANCE OPERATIONS AND PERFORMANCE COMEX INTERVIEW In 2024, SCOR’s transformation journey further accelerated, delivering on our savings objects one year ahead of the targets outlined in the Forward 2026 strategic plan. We continue to strive for operational excellence and equip our employees with the tools, structures, and work environments they need to succeed. Throughout the year, we engaged in various initiatives to embrace new ways of working, streamline our organization, and strengthen our corporate culture. To best leverage tech and data, we launched “Unlock,” our new tech strategy, focusing on both the industrialization of IT and on the tech of tomorrow. We also moved forward with the implementation of our data and AI strategy, combining the strengthening of our data foundation with key flagship projects to drive early value and transform the organization. Together, these strategies lay the foundation to accelerate efficiency and effectiveness in our operations and are key drivers of innovation and continuous improvement across the value chain of our Group. C.D.
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