Société Centrale de Réassurance: Best Regional Reinsurance with Arab Capital Middle East and Africa 2019

Moroccan insurance company Société Centrale de Réassurance (SCR) has been driving the development and resilience of the region’s insurance and reinsurance markets for almost 60 years. SCR has maintained its position as the foremost reinsurer in Morocco, and a reliable partner in the Middle East and Africa. Two years ago, the company launched a transformation plan that unlocked potential and has proven a sure path to sustainable growth. It focuses on integrating environmental, social, and governance (ESG) issues into the decision-making process. Sustainable business strategies enhance performance, deliver better results, and attract new customers — a win-win tactic for confronting challenges, with the bonus of a feel-good competitive edge. Collaboration is crucial to reducing climate-change risks, and SCR aims for long-term relationships with governments, regulators, and NGOs to incorporate its proactive ESG policies. The transformation plan was designed to strengthen and consolidate the company’s gains, and to focus on value creation. Its four-pillar approach is: future growth and visibility; technical expertise and risk management; operational excellence and customer satisfaction; and an improved corporate culture and management style. SCR recruits committed and experienced team members, and all new employees undergo comprehensive training to ensure awareness and understanding of the corporate ethos. The judging panel applauds the socially responsible bent of the company and its commitment to all stakeholders. The judges announce Société Centrale de Réassurance as the winner of the 2019 award for Best Regional Reinsurance with Arab Capital (Middle East and Africa).

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