HOW DOES FINSOL DIFFER FROM TRADITIONAL REINSURANCE? A.T. Unlike traditional reinsurance, which primarily addresses risk management, FinSol provides comprehensive risk transfer structures as part of capital and strategic planning and is often decided at the C-suite level. There are various risk transfer structures under the FinSol umbrella, each one of which is tailored to meet different financial objectives, such as: • Reinsurance financing to accelerate future earnings recognition to support new business growth • Coinsurance on in-force portfolios to redeploy capital to other business lines or provide certainty in transfer pricing as part of M&A transactions • Loss portfolio transfer and surplus relief to enhance available capital • Stop-loss or structured quota-shares to provide capital relief • Biometric risk swaps for liability cash flows matching in ALM HOW DOES SCOR’S FINSOL TEAM TAILOR ITS SOLUTIONS TO MEET SPECIFIC CLIENT NEEDS? A.T. We adapt to various factors such as market conditions, changes in solvency regulations, and accounting regimes. Each solution we provide is unique and specifically catered to the client’s requirements. For instance, we have received numerous inquiries about how reinsurance can benefit clients who have transitioned to IFRS 17. This could include, for example, customizing reinsurance agreements to crystalize the Contractual Service Margin (CSM) and enhance the profit signature. HOW DOES THE FINANCIAL SOLUTIONS TEAM WORK WITH CLIENTS AND OTHER TEAMS AT SCOR? A.T. At SCOR, the FinSol team works alongside local market teams. These local teams, with their existing relationships and partnerships, truly understand client needs and by working together, the Financial Solutions and market teams are able to ensure the solutions we propose meet each client’s needs. Throughout 2024, we conducted numerous roadshows where we had the chance to train local client teams on key FinSol products. This collaborative structure allows SCOR to provide expediency and certainty of execution, making interactions with clients simple, transparent, and coordinated. “Each solution we provide is unique and specifically catered to the client’s requirements.” CONTRIBUTOR INTERVIEW ALEXANDRE TZENEV Head of Financial Solutions Business Development A.T. TRANSFORMING TOMORROW WITH OUR SOLUTIONS 79
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