CONTRIBUTOR INTERVIEW HENRI DOUCHE Head of P&C Product & Innovation WHO MIGHT BE INTERESTED IN PURCHASING THE RESTORE PRODUCT? H.D. The clients for SCOR’s Ecological Restoration Insurance Solution, specifically the Restore product, can include landowners, restoration companies, banks, project developers, and investors. For example, landowners and restoration companies could purchase this product before starting an ecological restoration project to ensure it stays on track in case a risk event occurs. Banks and other investors could also purchase this product to protect their investment in restoration projects. Project developers could purchase this product to attract investment as it assists in de-risking the financing opportunity. WHAT EXACTLY DOES THE RESTORE PRODUCT COVER? H.D. It covers ecological restoration projects across all terrestrial biomes – boreal forest, grasslands, wetlands, and so on – from risks like heat or cold waves, earthquakes, fires, floods, and other risks that could hinder the progression of the project. It is imperative to note that the Restore product does not insure the outcome of the restoration project. Instead, it insures against the financial costs associated with creating the conditions required to return an ecosystem to its planned (or a revised) recovery trajectory. HOW DOES THE NATRECO INITIATIVE ALIGN WITH SCOR’S OVERALL SUSTAINABILITY POLICY? H.D. SCOR’s sustainability policy emphasizes the importance of optimizing our positive impact on nature and people by contributing to the welfare, resilience, and sustainable development of societies. The NatReCo Initiative aligns closely with this goal by addressing key environmental challenges and promoting ecological restoration. “SCOR’s sustainability policy emphasizes the importance of optimizing our positive impact on nature and people.” H.D. TRANSFORMING TOMORROW WITH OUR SOLUTIONS 69
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