Swiss Re launches globally standardised property policy 'ONE Form'
- Swiss Re Corporate Solutions launches ONE Form to increase efficiency and quality in international programme delivery
- Standardised policy wording ensures highest possible congruence between master and local policies
- Property customers and brokers benefit from higher policy accuracy, increased contract certainty and faster policy issuance
Swiss Re Corporate Solutions improves the customer experience for International Programme and Property clients and brokers by launching ONE Form, a tool that creates globally standardised master and local policies. Use of the ONE Form wording enables the closest possible alignment of master and local policies, while respecting local requirements and expectations. Customers with international insurance programmes benefit from increased contract certainty. At the same time, ONE Form facilitates tax and legal compliance worldwide.
ONE Form is embedded in the IT systems Swiss Re Corporate Solutions uses to manage international programmes, thus automating master and local policy issuance. As a result, customers and brokers receive more accurate policies, faster.
"ONE Form offers our customers a broad, state-of-the-art property coverage following an all risks approach. Nevertheless, master and local policies are designed modularly and, therefore, can be tailored to meet customers' coverage and limits needs," says Martin Hegelbach, Head Property & Specialty at Swiss Re Corporate Solutions. "As an added benefit, International Programme customers who use ONE Form can monitor their flood exposures via our online client portal, PULSE."
"ONE Form highlights our ambition to use technology to make international programme delivery faster and more efficient," says Andreas Berger, CEO Swiss Re Corporate Solutions. "Customers and brokers using ONE Form can better manage their international insurance programmes and have a positive service experience."
ONE Form is available for accounts incepting 1 January 2020 and beyond. It is currently offered in six countries as a master policy wording, in ten countries as a local policy wording and in two languages, English and Italian. It will soon be rolled out in five more countries as a master and in eleven more countries as a local policy wording as well as in six more languages: French, German, Japanese, Mandarin, Portuguese, and Spanish.
Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Our innovative, highly customised products and standard insurance covers help to make businesses more resilient, while our industry-leading claims service provides additional peace of mind.
Product scope – Our Specialty cover for UK and ROI clients includes General Property, Engineering & Construction, Financial lines, Political Risks, Credit and Surety, Power and Energy, Weather and International Programmes.
Financial strength – Our strong financial ratings include “AA-” by Standard & Poor’s, “Aa3” by Moody’s and “A+” by A.M. Best.
Knowledge – We have extensive risk knowledge and a wealth of experience in a wide range of sectors which enables us to offer thought leadership and guidance as well as insurance.
Capacity – Our large net capacity enables us to underwrite some of the largest risks across a broad spectrum of industries.
Innovation – we have a proven track record of developing innovative risk solutions, including parametric covers, NDBI coverage, weather solutions and reinsurance of corporate captives.
Global – In the UK, our employees serve clients and brokers from offices in London and Manchester. Swiss Re Corporate Solutions has offices in more than 20 countries.
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