CONTRIBUTOR INTERVIEW MATT COLLINS Head of Longevity WHY IS LONGEVITY RISK RELEVANT FOR SCOR’S CLIENTS? M.C. There’s over USD 50 trillion of assets invested for people’s retirement across the world and longevity reinsurance is a key component of the tool kit required to ensure assets last until the person dies. For the individual with insurance cover, this is great because it ensures they have the financial freedom and security they need as they grow older. But what this means for our clients is that they are building up significant amounts of longevity risk, which our longevity solutions help to mitigate. HOW DOES SCOR HELP CLIENTS ADDRESS LONGEVITY RISKS? M.C. To manage this risk, our clients need to understand how long people are going to live, but between aging populations, potential future pandemics, new medications, and countless other factors, uncertainty in estimating future life expectancy is increasing. This is where SCOR is able to step in to provide not only our expertise but also concrete solutions for our clients. WHAT ROLE DO TECH AND DATA PLAY IN SCOR’S LONGEVITY SOLUTIONS? M.C. Data is fundamental to our understanding of demographic changes and how they might impact our clients’ longevity risks. Beyond that, data can offer us key insights that allow us to tailor our solutions to fit market and client needs, as was the case with a recent collaboration in the US where we were able to draw upon extensive data to offer a differentiated solution. mindset ensures that our longevity offerings are not just products, but comprehensive solutions that integrate seamlessly with the clients’ overall risk management strategies. Moreover, SCOR’s longevity solutions are designed to be flexible and adaptable, reflecting the Group’s dedication to innovation. Using advanced data analytics, medical underwriting, and appropriate reinsurance structuring, SCOR provides precise and competitive pricing for longevity risk, ensuring that clients receive the best possible value. This data-driven approach is a key component of SCOR’s strategy, enabling the company to stay ahead of market trends and continuously improve its offerings. . M.C. TRANSFORMING TOMORROW WITH OUR SOLUTIONS 77
RkJQdWJsaXNoZXIy NTkwMzk=