WHY IS FOSTERING PREVENTION CRUCIAL? D.S. Risk prevention is crucial, not just for our industry but for the wellbeing of individuals and societies. Prevention enhances risk management, promotes solutions that are sustainable over the long term, and fosters resilience. For SCOR, it means staying at the forefront of risk management and supporting clients by providing clear resources. HOW CAN PREVENTIVE MEASURES POSITIVELY AFFECT INSURABILITY? D.S. Preventive measures enhance insurability by reducing claim likelihood and severity, making risks more manageable. They promote proactive risk management, economically justified loss prevention recommendations, and regulatory compliance. Additionally, the need for prevention and protection can foster innovation in insurance products and build customer trust by demonstrating a commitment to safety and wellbeing. HOW DOES SCOR P&C SUPPORT CLIENTS IN PROMOTING RISK PREVENTION? D.S. Our teams provide risk engineering support through regular partnership risk inspections in the field, desktop reviews, project plan reviews, fire protection engineering solutions, and action plans for implementing loss prevention recommendations. SCOR also offers workshops and training seminars tailored to clients’ needs, which cover topics like modern risk management and emerging risks such as Lithium-Ion batteries – which are new hazards to almost all occupancies. Additionally, SCOR develops and maintains a risk control library with handbooks and technical newsletters on various industries and risk exposures, with the main fields of occupancy, construction materials, loss estimates, exposure, and special hazards to ensure clients have all the necessary tools to prevent risks. these crucial facilities also face no shortage of risks. To prevent these risks from being realized, SCOR offers clear guidance around standards these projects should meet: wind farms should be placed outside flood and tsunami zones, designs should be earthquake-resistant, and stringent wind studies should be conducted. Our teams also provide guidance about lightning protection, non-combustible materials, and automatic fire-protection systems that should be employed to limit damage in case a risk event does occur. The industry also has a role to play in conversations around prevention when it comes to large-scale and systematic risks. If we can’t prevent flooding, can we at least prevent new constructions in high-risk zones? If we can’t prevent forest fires in droughtprone geographies, can we ensure a defensible area is maintained around existing structures? These conversations go far beyond the scope of the (re)insurance industry, but by making our risk knowledge available, we can help to ensure appropriate steps are taken toward risk prevention. . D.S. CONTRIBUTOR INTERVIEW DIDIER SCHUTZ Risk Control Practice Leader Property Non-Energy TRANSFORMING TOMORROW WITH OUR VISION 47
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