This 5th edition of the «LE SPOT»

Newsletter is an opportunity

for us to keep you up-to-

date on recent projects

that strengthen our ability

to support companies

internationally, particularly in

Africa and the Middle East.

SCR plays a major role in the

development of the African

continent. Indeed, our

strategy is not limited to the

domestic market, but aims

to consolidate our existing

positions and develop new

markets around the world.

As a Moroccan reinsurer, we

support local investors in sub-

Saharan Africa in the favorable

context of strengthening

South-South inter-African

cooperation. A position

consolidated by the opening

of our three representative

offices (Abidjan, Kigali and

Cairo).

With the ambition of achieving,

in the medium term, two-thirds

of its turnover internationally,

SCR strengthens its position as

a regional player of reference

in reinsurance in Morocco and

especially in Africa and the

Middle East.

In 2017, SCR realized a

turnover of 2013.77 million

dirhams for a net profit of

491 million dirhams, with an

equity estimated at 2.6 billion

dirhams and a profitability

of 15%. These satisfactor y

results are expected to grow in

the coming years in the wake

of the increased influence of

our office network.

In this edition, we will

focus on our expansion

policy internationally, while

informing you of the most

significant events.

I hope this news further

reinforces our special ties

with you and with the hope

of your continuing interest

in following us in “LE SPOT”

Newsletter, I hope you enjoy

reading it !

le

Dear clients and partners,

Newsletter Société Centrale de Réassurance N° 5

Insurance & Reinsurance News

November 2018

SCR spot

Youssef FASSI FIHRICEO

2013,77 Millions dirhams of turnover

KEY FIGURES at 12/31/2017

491,96 Millions dirhams net income +300 Clients in Morocco

and internationally

Créateur de résilience depuis 1960Resilience builder since 1960SCR

The «SCR ACADEMY RE» Foundation was created in 2017, in the form of a non-profit o r g a n i z a t i o n , to meet the

requirements of the Insurance and Reinsurance market. Through this Foundation, SCR wishes to use its technical exper tise across the various branches of insurance (f ire, engineering, aviation, maritime and civil liability), acquired over the past 58 years, as well as in areas related to pricing, actuarial science and prevention.

During the two years of its activity, the foundation has given several themes led by eminent exper ts in the f ields of Insurance and Reinsurance. SCR Academy Ré Foundation suppor ts the company in its international development

strategy by organizing advanced training courses in Abidjan, Nairobi and Kigali as par t of the technical assistance provided to our African par tners.

The 2019 program currently under development, will focus on various themes that will be offered to managers of Moroccan insurance companies, representatives of African companies and the Middle East, as well as employees of SCR. Thus, actuaries, under writers and reinsurance managers will choose a seminar best suited to their needs to improve their skills and develop their reinsurance experience.

Mohamed AIT AMARVice President

SCR ACADEMY RE Foundation

The scientif ic and technical commission of the African Center for Catastrophe Risks recently gathered in the premises of SCR, under the chairmanship of Mr Youssef FASSI FIHRI, President of the African Center for Catastrophe Risks (ACCR) and Chief Executive Officer of SCR. Mr Issam MOUAYN, Director of CARC and Head of the Depar tment of Catastrophic Risks, seized this oppor tunity to present:

- The Mnhpra solution (Morocco Natural Hazard Probabilistic Risk Analysis) used in modeling, mapping and pricing natural disasters ;- Flow modeling: Case of the Wadi River Basin Nfif ikh

Mr FASSI FIHRI then traced the main lines of future collaboration between CARC and members of

the said commission, notably the signing of par tnership agreements, the proposal for internships and end of studies projects, the inter vention of CST members and their agencies for establishing contact between the CARC and their possible African par tners in the framework of NAT CAT projects, and the par ticipation of CARC / SCR at organized NAT-CAT events by the membership organizations of the CST.

OPENING CEREMONY OF REPRESENTATION OFFICE IN KIGALI, RWANDA

In t h e s cop e of our v is ion of

s t re ng t h e ning S out h -S out h

co op e r at ion, a deleg at ion

of S CR chaire d by t h e CEO,

Mr Yous s ef Fas si F ihr i ,

we nt to K ig ali to cele br ate,

in t h e pre s e nce of lo c al

deleg ate s f rom Insur ance an d

Reinsur ance companie s , t h e

op e ning of t h e regional of f ice

in K ig ali .

In h onor of t h e deleg ate s

pre s e nt , Mr Fas si F ihr i ,

del i ve re d a de t aile d sp e e ch

on t h e ac t i v it y of S CR in

A f r ic a an d it s abil i t y to dr i ve

subs cr ipt ions , b efore Mr

El ie NI YOK WIZER WA , Hea d

of manage me nt of t h e K ig ali

O f f ice pre s e nte d to t h e g ue s t s .

Th e aim was to conf ir m S CR ’s

regional lea de r ship p osit ion,

as t h e f ir s t conve nt ional

re insure r in A f r ic a; a p osit ion

t hat is par t of t h e developme nt

plan of S CR an d which aims to

supp or t developm e nt ef for t s

of t h e reinsur ance insur ance

mar ke t in t his d y namic par t of

A f r ic a .

EXPERT’S WORD: “SCR ACADEMY RÉ” FOUNDATION

CARC - SCIENTIFIC AND TECHNICAL COMMISSION MEETING

Moroccan Ambassador in Kigali

A s par t of its development policy, focused on the goal of opening up to Africa, SCR joins Casablanca Finance Cit y (CFC), the f irst place in Africa and par tner of the biggest international f inancial centers.

Obtaining this status underlines the strategic vision of SCR, its expansion towards new par tnerships in Africa, thus accentuating its positioning as leader of Reinsurance in the Moroccan market.

In parallel, with the opening of its two representation of f ices in East Africa in Rwanda and West Africa in

Ivor y Coast, SCR will benef it as a member of «doing business» of qualit y to fur ther the deployment of its activities in the region.

PA R T I C I PA T I O N O F S C R I N N A T I O N A L A N D I N T E R N A T I O N A L E V E N T S

PARTICIPATION OF SCR IN THE 45th CONFERENCE AND GENERAL ASSEMBLY OF AIOAs part of the reinforcement efforts of its position as a key actor in the African Market, Société Centrale de Réassurance (SCR) participated in the 45th Conference and General Assembly of the African Insurance Organization (AIO), held in the Ghanaian Capital Accra, one of the largest cities of West Africa.

This event allowed SCR to maintain relations with African partners and also to exchange with the professionals of the World of Insurance, Reinsurance and Finance around the theme «Innovation, risks and the future of insurance in emerging markets».

SCR is constantly increasing its development in Africa and in the Middle East by the loyalty of its customers and enriching its portfolio of International and regional partners.

PARTICIPATION OF SCR IN THE 32nd CONFERENCE AND GENERAL ASSEMBLY GAIFThe Central Reinsurance Company (SCR) participated in the 32nd Conference and General Assembly of the General Arab Insurance Federation «GAIF», held from 24 to 27 June 2018 in South Hammamet. SCR took part in this event of more than 1500 experts, specialists and managers of Insurance and Reinsurance companies representing some fifty countries to discuss the theme «Digital transformation and the insurance industry in the Arab world» and to analyze the importance of digital transition in the Insurance and Reinsurance industry in the Arab world.

It was an opportunity for SCR teams present at this meeting, to exchange and develop business relationships with customers and partners.

MONTE CARLO: SEPTEMBER 2018 MEETINGUnder the chairmanship of its CEO, Mr Youssef Fassi Fihri , a delegation from SCR participated in the 62nd edition of the « Rendez-Vous de September», held in Monte Carlo from 08 to 13th September, 2018. Each year this large annual meeting brings together the major players in the global Insurance and Reinsurance market since its first

edition held in 1957, to discuss a number of questions on the eve of the new year of 2019.

In parallel with this event, SCR seized the opportunity to present the development plan of SCR and to explain the new paradigms for ramping up our business.

FNACAM: 3rd ANNUAL MEETINGSCR participated on thursday, October 04 2018 in the 3rd edition of the annual meeting of agents and brokers organized by the Federation of National Insurance Agents and Brokers in Morocco (FNACAM).

A meeting that each year allows insurance professionals to review the dangers to look out for within the profession and to expose them to the regulator in order to resolve them and find ways to overcome them.

This meeting was an opportunity for insurance intermediaries to discuss different themes such as insurance fraud or catastrophic risks and for FNACAM to reaffirm its role as interface and defender of the interests of insurance professionals, in compliance with the regulations governing the sector: insurers, regulators, experts, agents and brokers.

SCR JOINS CASABLANCA FINANCE CITY (CFC)

Institutional Marketing and CommunicationMouna BOUANANE BERRADA

mberrada@scrmaroc.com

Contact :

Société Centrale de RéassuranceSiège Social : Tour ATLAS, Place ZellaqaCasablanca

Phone : 05 22 46 04 00Fax : 05 22 46 04 60E-mail : scr@scrmaroc.com

Web : www.scrmaroc.com

OPENING THE REPRESENTATIVE OFFICE IN CAIRO, EGYPTIn continuation of its international development strategy and after opening its regional offices in west Africa, in Abidjan (the Republic of Ivory Coast) and East Africa in Kigali (Rwanda), SCR has been granted agreement to open a regional office in Cairo (Egypt).

This establishment in Egypt is part of the STRONG II plan, a strategic plan that targets international expansion targeting high potential markets, in order to consolidate our role as a leading actor in Reinsurance.

Through this new structure, SCR would first like to offer our partners strong coordination and quick and efficient access to our Reinsurance support, but also develop high added value services to accompany growth of the Insurance and Reinsurance market in Egypt.

As such, this confirms our positioning as a prominent national reinsurer with an international focus, based on the proximity to our customers and partners.

IN SEPTEMBER 2019, SCR will ORGANIZE THE 26TH CONFERENCE FAIR IN MARRAKECH

The Federation of Afro A sian Insurance and R e i n s u r a n c e (FAIR) chose Morocco as the host countr y

to organize the 26th Conference scheduled from 22 to 26 September 2019.

A co n c l a v e t h at w i l l b r i n g to ge t h e r m o r e t h a n 8 0 0 pa r t i c i pa n t s a n d p r o fe s s i o n a l s i n t h e i n s u ra n ce , r e i n s u ra n ce a n d f i n a n ce i n d u st r i e s a n d w h i c h w i l l b e l e d b y s ea s o n e d e x p e r ts i n t h e f i e l d f r o m A s i a , A f r i ca a n d E u r o p e .

M r Yo u s s e f Fa s s i F i h r i , C h a i r m a n o f t h e O r ga n i z i n g C o m m i tte e st r e s s e s t h e i m p o r ta n ce o f t h i s m e e t i n g ; a n o p p o r t u n i t y to e n ga ge i n a

d y n a m i c d i s c u s s i o n o n t ra d e a n d s h a r i n g i n t h e Af r i ca - A s i a reg i o n .

S C R p l a y s a m a j o r r o l e i n t h e A v i at i o n Re i n s u ra n ce s e cto r b y m a n a g i n g a n d co n t ro l l i n g a ct i v i t i e s o f t h e FA I R A v i at i o n Po o l s i n ce i t s c r eat i o n i n 1 9 8 9 . A B O U T T H E FA I RC r e a t e d i n 1 9 6 4 , FA I R ’s m a i n m i s s i o n i s t o e n co u r a g e co o p e r a t i o n b et w e e n i n s u r a n ce a n d r e i n s u r a n ce co m p a n i e s i n Af r i ca a n d A s i a , t h r o u g h r e g u l a r e xc h a n g e s o f i n f o r m a t i o n a n d e x p e r t i s e a s w e l l a s t h e d ev e l o p m e n t o f b u s i n e s s r e l a t i o n s . FA I R i s m a d e u p o f o r d i n a r y m e m b e r s a n d a s s o c i a t e m e m b e r s . T h e co n f e r e n ce s o f t h e F e d e r a t i o n a r e o r g a n i z e d ev e r y t w o y e a r s i n Af r i ca o r A s i a , a cco r d i n g t o a d e c i s i o n o f t h e G e n e r a l A s s e m b l y, w h i c h i s t h e s u p r e m e a u t h o r i t y o f t h e FA I R .

Representative Office Cairo/Egypt MR GOMAA ZAKYgzaky@scrmaroc.com+201 061 331 72

Representative Office Abidjan/Ivory Coast HUBERT DABIRAhdabira@scrmaroc.com+225 796 233 47

Representative Office Kigali/RwandaMR ELIE NIYOKWIZERWAeniyokwizerwa@scrmaroc.com+250 788 868 456+250 788 305 277

RECENTLY JOINED SCR

Mr Vincent GRAILHON is a graduate from the University of Pantheon with an advanced master in international

law and a master degree in public law from the University of Nanterre. He has an additional experience to his credit of 30 years in reinsurance and expertise in underwriting, reinsurance treaties, retrocession, market development across Southern Europe, the Middle East and Africa. He has held several leadership positions during his professional journey, notably in large reinsurance companies in Paris such as: Hiscox Re, Ascot, AxaRe, Abeille Reinsurance, Compagnie Transcontinentale de Réassurance.

SCR REPRESENTATIVE OFFICES ARE MANAGED BY:

Vincent GRAILHON, delegated director of international market pole.