WHEN WE TALK ABOUT SOLUTIONS FOR MOST TEAMS AT SCOR THAT MEANS (RE)INSURANCE PRODUCTS. WHAT ARE THE “SOLUTIONS” WHEN WE TALK ABOUT INVESTMENTS? C.R. We can see the Group Investment Office function itself as a solution that helps the Group maintain its financial wellbeing. The Group is effectively our client and our team is responsible for ensuring that SCOR is well positioned to meet our financial responsibilities, particularly when it comes to responding to our liabilities. Our team might be a bit more behind the scenes, but our work benefits SCOR clients and their policyholders, contributes to the success of SCOR’s (re)insurance offerings, and helps SCOR to maintain our reputation as a reliable player in the reinsurance industry. WHAT ROLE DO TECH AND DATA PLAY IN THE INVESTMENT FUNCTION? C.R. Good decisions are built on good data. For example, when it comes to Asset Liability Management, by integrating the more granular data provided by IFRS 17 and the investment data, we are able to develop a more detailed analysis of cash flows and financial aggregates that help us to further refine our framework. As we share this data with other teams, we will see better alignment of investments with liabilities, improved risk management, and enhanced overall financial strength. IF WE CONSIDER THE EXAMPLE OF GEOPOLITICAL TENSION, HOW MIGHT EMERGING OR EVOLVING RISKS IMPACT SCOR’S APPROACH TO INVESTMENTS? C.R. Growing geopolitical tensions can significantly impact investments by creating uncertainty and volatility in the markets that lead to fluctuations in interest rates and foreign exchange rates. This would directly affect the value of investments. Additionally, geopolitical risks or tariffs, for example, may impact the performance of certain industries and sectors, or even geographies we invest in. To mitigate these risks, we maintain a prudent approach to investment, focusing on diversification and closely monitoring emerging and evolving risks to adjust our strategies accordingly. “Good decisions are built on good data. As we share this data with other teams, we will see better alignment of investments with liabilities, improved risk management, and enhanced overall financial strength.” C.R. CONTRIBUTOR INTERVIEW CAROLE DE ROZIERES Head of Group Investment Office 89
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