Tailor-made solutions for our business partners form the basis for strengthening and further expanding our position as one of the leading, globally operating reinsurance groups. They enable us to achieve sustainable success over the long term and to assert our standing as one of the world's most profitable reinsurers. By identifying the opportunities for business innovation offered by emerging risks, we consistently expand the scope of our activities.
We are passionate about reinsurance and chart our own course. We are quick, flexible and undogmatic and we strive for excellence. Our organisation is geared to efficiency and operates with lean structures, enabling us to transact our insurance business with lower administrative expenses than our competitors and to offer our business partners an attractive value proposition.
As a leading player in the reinsurance industry, our commercial success is crucially dependent on the correct assessment of present and emerging risks. This process of evaluating risks is growing in complexity due to the constant monitoring and analysis of new and emerging risks, trends and future-related factors; sustainability aspects are also playing a greater role in this context. In some instances these have direct strategic and operational relevance to our reinsurance products and the management of our investments.
Our goal is to achieve economic success without losing sight of the needs of our staff, social concerns, protection of the environment and the conservation of natural resources. In conformity with our Group Strategy, we define sustainability goals and implement appropriate measures.