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Scor — Corporate Update (February 2007)
14 slides from Scor's corporate update, Feb 12, 2007
Slide 1: Presentation of P&C renewals at January 1st, 2007
SCOR Presentation of P&C renewals at January 1st, 2007 Conference Call Monday February 12th, 2007
Slide 2: Notice
Notice Certain statements contained in this presentation are forward-looking statements, of necessity provisional, that are based on risks and uncertainties that could cause actual results, performance or events to differ materially from those in such statements. Additional information regarding ris
Slide 3: Highlights
Highlights The renewals were fully in keeping with SCOR’s underwriting policy, which is characterised by its discipline and selectiveness. In a competitive environment, where terms & conditions were nevertheless kept at satisfactory levels, the renewals took place in accordance with the underwri
Slide 4: Renewals were fully in keeping with SCOR’s underwriting policy
Renewals were fully in keeping with SCOR’s underwriting policy Renewals at 1 January 2007 were conducted in full accordance with the underwriting plan. The plan was set in June 2006 It was then adjusted in the second half of 2006 in accordance with market tendencies, the influence of a limited
Slide 5: Underwriting criteria have been maintained and respected
Underwriting criteria have been maintained and respected SCOR has ensured that its underwriting conditions are maintained and respected in a competitive environment Cedant retention levels are rising, notably due to the pressure of their budgetary constraints The choice of reinsurance is moving
Slide 6: MATRIX: a successful implementation of a Group pricing tool
MATRIX : a successful implementation of a Group pricing tool as part of SCOR’s Enterprise Risk Management As part of SCOR’s Enterprise Risk management, during the 2007 renewals, SCOR used the MATRIX pricing tool for the vast majority of the markets & lines of business : ■ A unique pricing tool for P
Slide 7: SCOR Global P&C is structured around three Units
SCOR Global P&C is structured around three Units The 2007 renewals are hereby presented in accordance with the organisational structure of SCOR Global P&C as follows: Property & Casualty reinsurance business is based on three main Business Units : Treaty, Specialties and Business Solutions (Facult
Slide 8: Renewed business was up by around 10% at constant exchange rates
Renewed business was up by around 10% at constant exchange rates Renewals of overall renewable business at 1 January 2007 within the three SCOR Global P&C’s Units (Treaty, Specialties and Business Solutions) were up by around 10% compared to 1 January 2006 due to : Recapturing shares of business t
Slide 9: An active management of the portfolio led to a 10% growth of renewable premium income
An active management of the portfolio led to a 10% growth of renewable premium income Gross written premiums (GWP) in Treaty and Specialties, in EUR millions + 73 + 41 + 34 - 124 1 000 + 84 1 072 1 179 500 0 Gross written new clients increase in increase in New business Cancellations Gross written p
Slide 10: Favourable growth prospects of P&C activity in 2007
Favourable growth prospects of P&C activity in 2007 In the “Treaty” and “Specialties” Business Units, around 80% of portfolios were up for renewal. At constant exchange rates, the volume of premiums written in Treaty was up by around 9% and in Specialties up by around 18% Î At the end of this camp
Slide 11: Geography of the “Treaty” and “Specialty” portfolio renewable on January 1st
Geography of the “Treaty” and “Specialty” portfolio renewable on January 1st % by geographical zone of the global portfolio renewable on january 1st Americas 13% Asia 3% Middle- East and Africa 8% Europe 76% Read : « 76% of all treaties renewed at January 1, 2007 are European treaties » Î Japan, Kor
Slide 12: Growth rates by geography on “Treaty” and “Specialties” portfolio
Growth rates by geography on “Treaty” and “Specialties” portfolio renewable on January 1st Estimated Growth of GWP on Treaty and Specialties renewed (%) - France : estimated growth of 10% (GWP EUR 220 Mio) + 7% -Scandinavia : estimated growth of 23% -United-Kingdom : estimated + 30% growth of 20% +
Slide 13: Significant geographical trends by market
Significant geographical trends by market Europe : SCOR’s business has increased in all countries in the Europe zone, with the exception of Belgium, Spain and Portugal SCOR has regained numerous lead underwriting positions and played a deciding role in quoting and setting terms and conditions As
Slide 14: The January 2007 renewals confirm the underwriting plan of SCOR Global P&C
The 1 january 2007 renewals confirm the underwriting plan of SCOR Global P&C The success of the 1 January 2007 renewals campaign together with the positive outlook on the business environment for the rest of the year, lead the Group to anticipate total gross written premium in line with the underwri