Group strategy at a glance
Our Overriding Objective
- One of the three most profitable reinsurers in the world
- Increasing our profit and the value of the company by a double-digit percentage every year
Our Claim: "Somewhat different"
- Well diversified Multi Specialist
- Swift, flexible and undogmatic
- We are frugal and maintain lean structures.
Strategic Objectives
- Profitable Growth: RoE of at least 750 bps over "risk-free" interest rate. – Triple-10 target: Increase EBIT, EPS and book value per share by double-digit percentage annually. – Allocation of capital to generate the maximum risk-weighted profit. – Increase in the share price > Global Reinsurance Index. – Lowest cost of capital in the industry
- Capital Protection: Positive RoE in at least nine out of ten years
- Preferred Business Partner: Highly capable. – Rating of at least AA- from Standard & Poor's and A+ from A.M. Best
- Motivated Employees: Skills and motivation just as crucial to success as capital resources
- Lean Organisation: Effective and efficient organisation geared to business processes. – Safeguarding of know-how and cost leadership
Strategic Action Fields
- Performance Excellence: Holistic management system including regular external assessment
- Corporate Governance: Integrity in our dealings with all stakeholders. – High ethical standards
- Compliance: Observance of all external requirements in order to avoid business, liability and reputational risks
Business Group Strategies
- Non-life reinsurance: Not one of the largest, but one of the most profitable non-life reinsurers in the world. – Special attention paid to the correct assessment of risks. – Pricing and conditions guided by technical considerations, appropriate level of reserves
- Life and health reinsurance: Within five years one of the three major, globally operating life and health reinsurers of above-average profitability. – Annual double-digit growth in premium income and profit. – Special attention devoted to the regional and biometric balance of the portfolio
Business/Service Center Strategies
Derived from the Group and business group strategies
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