SwiftRe®: A fast, simple way to access Swiss Re capacity
A Swiss Re Client Success Story
An integrated, automatic web-based platform for mid-market facilities and single-risk business — with proven results
Like with the trucks it insures, efficiency and timeliness is everything for American Inter-Fidelity Exchange. So, it was painful last year when their existing facultative cover became unavailable, and the insurer faced the long road of pursuing new quotes for fleet coverage.
Thankfully that journey got cut short, when American Inter-Fidelity Exchange connected with Swiss Re, which made its own timely delivery with SwiftRe® after contacting the company.
Road tested: a new partner
A Swiss Re team flew out to Indiana and had the web-based fac platform up and running within weeks. “The SwiftRe® platform is easy to navigate around and the response time for individual risk pricing is almost immediate, which is very important to us,” said company president Lex Venditti. “The data is easily accessible; the platform is user friendly and the Swiss Re team is readily available and accommodating in every aspect.”
He also likes that the tool is customizable. He needed trucking data built right into the underwriting tool, which Swiss Re delivered on. “The whole accounting process overall also takes less time monthly than our prior fac placement system,” he said. “Once a risk is quoted and accepted, the platform accounting function is just as easy to access and very simple to advise payment via wire transaction.”
After 12 months, the new American Inter-Fidelity/SwiftRe® partnership had raced to USD 2.2m in premium and 99 acceptances — with more road left to run.
Do you have 5 minutes?
That’s all it takes to obtain automatic facultative P&C reinsurance capacity from SwiftRe®.
The platform offers:
- Easy-to-use and efficient online risk placement, claims handling and accounting channel
- Ability to easily upload facilities using a standard template
- Integrated reporting