Swiss Re wins Asia Life Reinsurer of the Year award

Swiss Re has overcome market challenges to win the Asia Life Reinsurer of the Year Award 2010.

"For its contribution to the Asian life reinsurance industry in an exemplary manner, Swiss Re has again been recognized as Life Reinsurer of the Year," the judging panel said.

Martyn Parker, Swiss Re Asia Division Head, accepted the accolade on behalf of Swiss Re on 17 October 2010 at the 14th Asia Insurance Industry Awards ceremony held in Bali, Indonesia attended by the cream of the Asian insurance industry.

"We are delighted to win this award for the third time," said Martyn. "This is a strong recognition of our client-oriented services, unparalleled expertise, innovative solutions, and commitment to raising the professional standards of the Asian insurance industry."

Why Swiss Re stands out

Strong leading edges highlighted by the judging panel:

  • Swiss Re kept clients at the top of its priority.  For example, we helped clients tackle solvency issues; supported long-term health guarantees in Japan; and brought high-net-worth medical insurance to China.
  • We supported new business pricing with active analytics, continuing to support life and health insurers by identifying, interpreting and projecting adverse trends.
  • We remained committed to sharing our technical knowledge with free access to research and many publications.
  • We promulgated higher professional standards, through extensive training and events.

"We will continue leveraging our global and local expertise to help our clients capture rapidly growing opportunities in Asia," said Martyn.

New sources of growth in Asia

Paul Murray, Swiss Re Head of Life & Health Products Asia, remarked: "We are also actively looking for new sources of growth in Asia.  Our approach is to combine our strong client orientation with an expanding risk appetite, underlined by the best possible data analytics.  Emerging markets, especially China and India, are particularly interesting but we also see many exciting opportunities in more mature markets."

The Asia Life Reinsurer of the Year Award was introduced in 2006, and Swiss Re was the winner in 2006 and 2007 as well.  Swiss Re also sponsored the Asia Corporate Social Responsibility Award.  Read the full story of the Asia Insurance Industry Awards 2010.