These new requirements call for greater diversification, due to:
- the Group's triple-engine structure,
- the coverage of a greater number of risks,
- growing internationalisation.
At the same time, these increased capital requirements also call for a moderate, adaptive and controlled risk appetite.
The Group has reduced the impact of acute risks on its balance sheet thanks to a new CAT Bond and a mortality swap.
Adapting to a volatile financial environment SCOR has adapted to the heightened volatility of the financial environment by:
- pursuing a strategy of cautious investments - allocating risky capital focused on profitable underwriting,
- maintaining a liquidity of over 3 billion euros,
- limiting exposure to subprime and monoliners.
Anticipating developments on the Non-Life market The Group has implemented a plan enabling it to face new trends on the Non-Life market. This plan notably includes:
- a demonstration of the clear existence of considerable business during the renewals period in February 2010,
- a focus on business management and the deployment of invested capital with a view to maintaining profitability and return levels,
- the strengthening of its presence on markets which have potential for profitable growth in the short or medium term,
- a culture of relations with potential clients in the Specialties sector.
Taking advantage of growth in the primary Life market and the non-cyclical nature of the Life sector The Life market is undergoing significant changes and the Group is capitalising on this, notably with regard to:
- the growing mobilisation of banking networks for the distribution of Life insurance products,
- the aging of the populations of OECD member states,
- the strengthened role of reinsurers in terms of financing operations in the Life insurance sector,
- the rapid rise of emerging markets in Asia and the Middle East.
