SCOR, a leading global reinsurer dedicated to providing transformative ideas, insights and knowledge from around the world to propel the industry forward, has said that maintaining their long-term, mutually beneficial partnerships that support client growth and success has been the cornerstone of the their journey across more than 30 years of operation in the Asia-Pacific life reinsurance market.
Craig Ford, CEO of SCOR Global Life Asia-Pacific said “We’re well positioned to help life insurance companies succeed in the attractive Asia-Pacific markets. We are agile, ambitious and committed to supporting our clients and providing them long-term value, our clients are in the business of changing and protecting lives. We’re in the business of empowering them. We therefore put our clients at the centre of everything we do.”
SCOR has built a strong presence in the markets of Australia, New Zealand and South Korea and now sees great opportunity in China, Southeast Asia and Japan, where it will be opening a branch to build on its previous success. A branch will also be opening up in India following recent changes to local regulations with its “Vision in Action” strategic plan launched for implementation until 2019 includes significant investments and growth in Asia-Pacific.
SCOR ranks among the top five life reinsurers in the world based on in-force portfolio and recurring new business production. With a focus on progress, renewal, improvement and forward thinking, the reinsurer is assisting life insurance companies with embracing innovation and sourcing new growth avenues.
SCOR significantly invests in digital technologies and forges strategic partnerships with industry players and thought leaders to unveil locally tailored products and better distribution solutions. Many of the latter are provided through its global distribution solutions arm that includes global alternative distribution company Remark.
“Our success is determined by the success of our clients,” Ford says. “If they grow, we grow with them. This is the nature of the aligned partnerships that we have with our clients.”