Regulatory Filings • Oct 3, 2011
Regulatory Filings
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Press Release (p.1/2) 03 October 2011 N°33 – 2011
Co For further information, please contact: Jean-Charles Simon / Géraldine Fontaine +33 (0) 1 46 98 73 17 Communications and Public Affairs Antonio Moretti +44 (0) 203 207 85 62 Investor Relations Director
SCOR Global Life, a subsidiary of SCOR combining all of the Group's Life reinsurance activities, announces the launch of SOLEM, its new online rating tool for medical, sports, occupational, financial, foreign residence and transport risks.
Risk selection is the most important service provided to insurers by a Life reinsurer, according to the Flaspöhler1 survey conducted in Europe in 2009. SCOR Global Life's international R&D Centre for Medical Underwriting & Claims Management has developed this tool in close collaboration with the doctors and experts in the Group's various Life entities, in order to provide an approach tailored to the specific features of each region.
SOLEM enables underwriters to rate all products with death, accidental death, long-term care, disability and critical illness covers. It includes a claims management index and calculators to facilitate day-to-day decisionmaking. This new, unique and innovative software enables underwriters to save, retrieve and modify ratings.
The rollout of SOLEM to SCOR Global Life clients will begin this month and should be complete at the end of the first quarter 2012.
Gilles Meyer, CEO of SCOR Global Life, comments: "Through SOLEM, SCOR Global Life makes it possible for clients to assess their files, from the simplest to the most complex. SOLEM is one of the most complete risk assessment manuals around, and is immediately available in five languages in order to meet the local needs of each of our clients as closely as possible."
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SCOR SE 1, av. du Général de Gaulle 92074 Paris La Défense Cdx France Tél + 33 (0) 1 46 98 70 00 Fax + 33 (0) 1 47 67 04 09 www.scor.com RCS Nanterre B 562 033 357 Siret 562 033 357 00020 Société européenne au capital de 1 512 224 741,93 euros
1 Annual or bi-annual survey of insurance and reinsurance players
SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission. Thus, any forward-.looking statements contained in this communication should not be held as corresponding to such profit forecasts. Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact. Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could." Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand.
Please refer to SCOR's document de référence filed with the AMF on 8 March 2011 under number D.11-0103 (the "Document de Référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group. As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings.
SCOR SE
1, av. du Général de Gaulle 92074 Paris La Défense Cdx France Tél + 33 (0) 1 46 98 70 00 Fax + 33 (0) 1 47 67 04 09 www.scor.com RCS Nanterre B 562 033 357 Siret 562 033 357 00020 Société européenne au capital de 1 512 224 741,93 euros
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