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French reinsurer SCOR, one of the world’s largest reinsurance companies, plans to strengthen and expand its operations to leverage the increasing convergence between reinsurance and capital markets, according to the reinsurers newly released strategic plan for the next three years.
SCOR released its latest strategic plan earlier this week. The plan called ‘Optimal Dynamics’ will see SCOR attempt to build on the momentum it has gained in recent years. It is the fifth strategic plan that the firm has launched and will see the firm look to build on an already strong global reinsurance market position that it occupies.
Naturally, given the reinsurance markets current convergence with third-party capital from capital markets investors, SCOR’s plan gives us a few ideas of how the reinsurer intends to make sure it can leverage and profit from a growing proportion of the reinsurance market consisting of alternative reinsurance capital.