8 in the Group of retirement homes Korian

Approved October 1, 2007, the merger between Malakoff and Médéric was endorsed on June 30, giving rise to the first joint group of social protection, which represents 20 of the supplementary pension Agirc-Arrco and 3.1 billion euros in sales in insurance of persons. The General delegate, Guillaume Sarkozy, said "want to renovate the French landscape of social protection". He returned to the "voices" on a strategy of taking minority tickets in networks of care or service companies to the person. With the objective to go in the direction of genuine management of risk in health and welfare.

What is the strategy of all born of the merger of Malakoff and Médéric endorsed the June 30

We launched a substantive strategic thinking on the merger, to define our professions. We first assume a task of general interest which is to manage the supplementary pension on behalf of the Agirc-Arrco. As such, we respect the rules laid down by the Agirc-Arrco, to give the best service at the lowest cost. Our second job is that of the health insurance (health, welfare, dependency, retirement). As a joint and mutual insurer, our objective is clear: that our social protection products are matching services.

How do you develop in the services

We have a new job to invent. The image of which is spent in automobile insurance, we will not continue simply to pay benefits. In the chain of care offers, we must identify or increase the value added for better service. I think that an insurer must be prevention, inform the insured in the care system and industrialization processes. We are already active in prevention (tobacco, stress) in business. We develop our role as guidance around Viamedis, our partner specializing in the management of the third party paying to optimize care consumption chain. This will initially concern optics, with glasses specifications control, and we have other tracks in dental and hospital. Finally, we wish to take minority tickets in actors specialized in hospital, home care or retirement homes, to create the link between these trades and our insurance products. Hence our recent participation taken up to 34 in specialist home Assisteo maintenance and 10.8 in the Group of retirement homes Korian. Millions of people that we make all of these legitimate actions.

What is the meaning of the rise to 3.5 in the capital of SCOR

This participation is both an opportunity and a strategy. Following the merger with Malakoff Médéric, we have become the majority shareholder of foresight, that it had helped create. Being a majority in a reinsurance subsidiary was not healthy. Hence the idea to sell 100 of the company to SCOR, up to the capital of the latter and to be represented on the Board of Directors. SCOR provides a gateway to the world reinsurance, and access to their dependency and health expertise. The idea is not to have a single reinsurer but an important partner with which we have signed an industrial and commercial agreement.

Is the Group sufficiently capitalized

Our financial position remains strong, our creditworthiness is unchanged. At the end 2007, for $ 3 billion in sales, we had capital EUR 2.9 billion. They should be very little affected by the crisis: we have reserves which offset the decline in the shares. Since my arrival, our exhibition actions has also been reduced by 5 points. We had endorsed any product at risk. In our trades collective welfare and retirement, we are not subject to the risk of liability because we serve annuities-term, and our risk-taking remain positive.

Do you consider legitimate concerns about retirement by capitalization

Confused how pension funds are managed by capitalization in the Anglo-Saxon countries and the way it handles savings retirement in France, which is governed by very strict regulations. With our retirement savings solutions, we guarantee to our insureds that it will be, the time has come, the pension provided regardless of the context. It is therefore necessary to have the capital to spend crises.