SCOR confirms the objectives of its "Vision in Action" plan

SCOR has submitted an initial review of its strategic "Vision in Action" (2016-2019) plan, one year after its establishment.

Mainly focused on growth, solvency and profitability, "Vision in Action" began in 2016 after five successive strategic plans.

French reinsurer is adamant about achievement of initially-announced objectives as follows:

• a return on equity (ROE) of more than 800 basis points above the five-year risk-free rate
• a solvency ratio between 185% and 220%

SCOR has also confirmed its commitment to the environment. Consequently, the group will no longer invest in companies whose revenues from thermal coal amount to 30%.

In terms of underwriting, the reinsurer has put in place a rating grid aimed at offsetting the protection gap for regions that are vulnerable to climate change.

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