A UK market leader moving clients forward in life

I'm immensely proud of Swiss Re's ranking as the top Life & Health reinsurer in the UK, in the latest NMG Consulting Life & Health Reinsurance Study. This recognition shows that we're getting it right, and it is a tribute to our team's efforts to deliver for clients in the highly competitive and dynamic UK market.

NMG Consulting is a leading independent global consulting firm. For the 2023 report, they interviewed 41 insurance executives from 18 UK companies, covering all aspects of the reinsurance value chain. The unbiased Study measures the reinsurers' business capability in lots of areas, including innovation, relationship management, value delivery and market knowledge.  

Many factors contribute to our success, but there is one aspect that I believe is particularly important and distinctive: our focus on moving clients forward in life, no matter how complex the market. We delivered on this promise by leveraging our core capabilities:

• Our expertise: We have a comprehensive understanding of the UK market and global influences. Studies show our clients appreciate our engaging quality, technical acumen, and underwriting prowess. Our knowledgeable team offers bespoke advice on various subjects such as pricing, risk management, underwriting and more, ensuring client growth and profitability.
• Our innovation and commitment to continued improvement: At Swiss Re, we're actively seeking improved ways to address our clients' growing needs, by investing in R&D, advanced technologies and strategic partnerships. The Study underscores our progress in digital capabilities and industry leadership, highlighted by the Life Guide Scout pilot—a generative AI (Artificial Intelligence) tool aiding underwriters in faster risk evaluation. Additionally, the Study acknowledges the efficiency and client transformation facilitated by our automated underwriting system, Magnum.
• Our client focus: I was delighted to read in the Study that clients recognise us as trustworthy partners who are committed to fruitful collaboration. This commitment is evident in the recent launch of our Financial Market Reinsurance (FMR) capabilities created to tackle financial market risks under a reinsurance cover. Respondents recognise our proactive stance and our dedicated FMR and Structured Solutions team continues to innovate with ground-breaking solutions. As a global reinsurer with a 160-year history, we are happy to share our knowledge and experience with our clients to provide them with holistic reinsurance solutions that combine financial, biometric and behavioural risks so they can build resilient businesses optimised for long-term success.

Being recognised as the leading reinsurer in the UK is a privilege and a duty. I witness daily the dedication of our Swiss Re team, and how this accolade encourages us to fulfil our commitments to customers. This award drives us to help clients move forward with clarity and confidence. As risks change, we push ourselves to raise our standards, seek new opportunities and embrace change.

We are proud of our #1 ranking, but we are not complacent. The UK market is dynamic and competitive, and we must earn our clients' preference every day. We are grateful for the trust our clients bestow upon us and are inspired by the vision that together we can move forward with purpose to make the world more resilient.

¹ NMG Consulting L&H Reinsurance Study UK 2023 BCI ranking, All Respondents, Total Market