Swiss Re wins Asia Life Reinsurer of the Year award
Winning this award for the the fourth time, Swiss Re has used its know-how to help insurers in Asia meet their changing demands with innovation.
"Winning the Life Reinsurer of the Year award for the fourth time, Swiss Re has used its know-how to help insurers in Asia meet their changing demands with innovation," the judging panel said.
Martyn Parker, Swiss Re Asia Division Head, accepted the accolade on behalf of Swiss Re on 31 October 2011 at the 15th Asia Insurance Industry Awards ceremony held Singapore.
"We are delighted to win this award and would like to thank our clients for their continuing support" said Martyn. "Also thanks to the Life & Health team and all the support teams at Swiss Re. This is again a strong recognition of our client-oriented services, team spirit, unparalleled expertise, innovative solutions, and commitment to raising the professional standards of the Asian insurance industry."
"We will continuously work with our clients to develop programs and solutions to help them manage their risk needs and succeed in their business in this challenging market environment," said Martyn.
Strong leading edges highlighted by the judging panel:
- Swiss Re continues to leverage its global expertise to help Asian insurers enhance competitiveness with innovation (e.g. bringing a new cancer product to China, supporting long-term health guarantees in Korea, providing life and health insurance to low income people in India, launching a new suite of life insurance products sold through mortgage brokers in Australia).
- Swiss Re has shown its ability to adapt to, and lead the industry to meet changing demands (e.g. penetrating the high-net-worth medical segment in Asia, helping insurers tackle solvency challenges with capital solutions, capturing the flourishing Takaful market).
- Swiss Re offers superior service and security to clients (e.g. enhanced its online underwriting manual “Life Guide” and its automated Life & Health underwriting system “Magnum”, strong capital strength).
- The company has remained committed to sharing knowledge and providing free access to high-quality publications, including those on longevity, Solvency II and sigma.
The Asia Life Reinsurer of the Year Award was introduced in 2006, and Swiss Re was the winner in 2006, 2007 and 2010 as well. Swiss Re also sponsored the Asia Corporate Social Responsibility Award and was shortlisted for the Asia General Reinsurer of the Year Award in 2011. Read the full story of the Asia Insurance Industry Awards 2011.
Published 1 November 2011
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