SCOR unveils its strategic plan for 2016-2019
SCOR has unveiled its new roadmap for the years 2016 to 2019.
Called "Vision in Action", the new three-year plan is targeting an annual organic growth in gross premiums of 4 to 7% for the whole group: from 3 to 8% in non-life insurance and between 5 and 6% in life.
The French reinsurer has also assigned two objectives:
- return on equity higher than or equal to 800 basis points over the risk-free rate in five years.
- a solvency ratio between 185% and 220%.
"Vision in Action" has come after five successive strategic plans:
- «Optimal Dynamics»: 2013-2016
- «Strong Momentum»: 2010-2013
- «Dynamic Lift»: 2007-2010
- «Moving Forward»: 2004-2007
- «Back on Track»: 2002-2004
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