Our 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
„Somewhat different”
- Well-diversified Multi-Specialist
- Quick, flexible and undogmatic
- Frugal with lean structure
Strategic Objectives
- Profitable Growth: Return on equity of at least 750 basis points above the "risk-free" interest rate – Triple-10 target – 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 return on equity in at least nine out of ten years
- Preferred Business Partner: Highly capable – Rating of at least "AA-" from S&P 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/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 volume and profit indicators – special attention devoted to the regional and biometric balance of the portfolio
Business Center Strategies/Service Center Strategies
These are derived from the Group and business group strategies.
After-tax return on equity
