Our vision: Creating value through reinsurance
We have no doubts as to the favourable outlook for the worldwide reinsurance market going forward and our goal throughout the 2018 to 2020 strategy cycle is once again to further expand our position as one of the leading, most profitable globally operating reinsurers. We intend to achieve this by creating value through reinsurance for our clients, our shareholders and our employees. With this in mind, we have therefore formulated our Group strategy 2018 – 2020 to reflect our vision of "Creating value through reinsurance".
At the heart of our Group strategy are our profit and growth targets. Profit and value creation are the cornerstones of our long-term development in the interest of our clients, shareholders, employees and business partners. Our aim is to achieve commercial success in accordance with the needs of our stakeholders and with an eye to environmental considerations. Non-financial goals are specified, inter alia, in our Sustainability Strategy.
Our Group strategy encompasses ten strategic principles that apply to all business units and help to ensure that we can realise our vision for the strategy cycle 2018 to 2020.
We work towards the goals of our Group strategy in accordance with our holistic management system Performance Excellence 2.0. Details are provided under "Value-based management" in the present Sustainability Report, in the respective sections of the current Annual Report and in our Strategy Brochure.
Our goals are reviewed in a three-year cycle and adjusted as necessary. This rotating strategy review was conducted in 2017 in keeping with our established practice.
The 2018 – 2020 strategy cycle reflects a number of factors, including the advancing digital transformation. For this reason we have adopted an additional digitalisation strategy that focuses in detail on the associated opportunities and risks – both with an eye to our business processes and as far as our work as a reinsurer is concerned. The challenges posed by digitalisation and automation quite rightly feature at the very top of our industry's agenda, since technological developments will lead to lasting changes in workflows and processes in the future. This aspect has therefore become an integral component of our corporate strategy: we support our business activities with efficient IT applications and we leverage the opportunities offered by digitalisation and automation.