INNOVATIVE SOLUTIONS THROUGH PARTNERSHIPS Strategic partnerships play a crucial role in developing and delivering advanced solutions for the mobility sector. For example, our longstanding partnership with CAAREA has led to the development of a diverse portfolio of automotive affinity products (a customized insurance offering designed for a specific client), especially in China and India. This partnership has enabled SCOR to establish guidelines for electric vehicle (EV) batteries, ensuring that clients have access to the latest and most relevant information. Moreover, SCOR’s recent partnerships with companies like DriveQuant and Sleep Advice Technologies (SAT) bring new technologies that SCOR can integrate into innovative solutions like Usage-Based Insurance or PayHow-You-Drive products that meet the needs of the rapidly changing mobility market. These and other partnerships are instrumental in ensuring that SCOR remains at the forefront of the mobility insurance sector, providing clients with effective solutions. IDENTIFYING AND EVOLVING WITH PARTNERS Identifying the right partners is a strategic process that involves thorough research and evaluation. We seek partners who bring the best knowledge, technology, and expertise to the table, ensuring that our collaborations are mutually beneficial and aligned with our goals. By selecting partners who excel in their respective fields with key knowledge and local market insights, we can leverage their strengths to enhance our offerings and drive innovation. Once a partnership is established, SCOR is committed to evolving and growing with our partners. This involves continuous communication, collaboration, and adaptation to anticipate emerging trends. For example, our partnership with CAAREA has evolved over the last 20 years from providing basic motor extended warranties to offering expertise around battery engineering and Electric Vehicles. By maintaining strong relationships and fostering an open dialogue with partners, SCOR ensures that our relationships with these players remain dynamic and responsive to the evolving landscape. . DRIVING THE FUTURE SCOR mobilizes partners in the mobility sector The mobility industry is undergoing significant transformations, driven by key trends such as Autonomous, Connected, Electric, and Shared (ACES) vehicles. These trends are reshaping the landscape, presenting both opportunities and challenges for SCOR and our clients. SCOR’s Mobility Solutions team is at the forefront of these changes, leveraging partnerships with international tech and data companies to stay ahead of the curve and provide innovative solutions to our clients. The mobility market encompasses a wide range of segments, including electric vehicles, fleets, freight, and autonomous vehicles. We prioritize a collaborative approach with players in and beyond the industry to strengthen our offering across these areas while also working closely with clients to better understand and co-create the solutions that can best meet their needs. 66 ACTIVITY REPORT 2024
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