We begin 2017 with a new and, we believe, more engaging look to this publication. In this issue, we review trends observed in 2016 and key areas that SCOR and our clients are focusing on this year.
Industry surveys consistently place underwriting innovation at the top of initiatives underway at life companies, and that’s how we see it, too. Accelerated underwriting tops the list of 2016 client trends compiled by Executive Vice President Brock Robbins for this edition of SCORviews.
Sticking with this theme, co-authors Mary Bahna-Nolan and Dave Dorans take a closer look at the motivations behind accelerated underwriting and SCOR’s commitment to staying at the forefront of this movement.
Regulatory requirements are another theme that resonated among our clients in 2016.
R & D Actuary Mike Failor shares expert insight on the transition to Principle-Based
Reserving (PBR). Mike led an industry team that created a PBR model governance
checklist for the American Academy of Actuaries. Intended to foster awareness of potential model governance concerns, the checklist’s questions provide practicing actuaries with food for thought when evaluating their own model governance processes.
We round out this issue with a message about our entry into the excess medical reinsurance market. Our medical reinsurance team is a group of highly experienced and energetic healthcare professionals who understand the changes occurring in the market.
Looking back on 2016, I am proud of SCOR’s achievements in the Americas. For the second consecutive year, SCOR was awarded North American Life Reinsurer of the Year by the readers of Reactions magazine. Our number one position in recurring life reinsurance volume was affirmed again by the North American Life Reinsurance survey. Our LOMA award for Excellence in Education underscores our drive to deepen our knowledge and understanding of the market and the challenges and opportunities facing of our clients.
As we look towards 2017, SCOR seeks to strengthen our value proposition and collaborate with you as a partner in both risk management and underwriting innovation. We will continue to increase our focus on finding new ways to help you grow and strengthen your business…and ours. We appreciate your choosing SCOR as your reinsurer.