25 Jul 2008

Swiss Re: re-insurance and financial services team of experts integration

In order to gain sustained profitable growth, Swiss Re's innovative business model is working. CEO Jacques Aigrain said that in the future of Switzerland then take a more integrated business processes, focusing on expanding customer base and efficient risk transfer solutions range. A new business model will enhance Swiss Re in insurable risk management, transfer and transactions in the leading position.

Aigrain said the global risk transfer market environment is rapidly evolving. Marking time, according to the old methods do not work have been business. Early 2007, Swiss Re began to adjust strategies and organizational structure. The purpose of this was the risk of increased competition and changes in circumstances under the conditions of maintaining sustained and profitable growth.

Swiss Re, the traditional market for financial reinsurance products and insurance-related capital market instruments, one of the solutions in the increasingly strong demand. Therefore, Swiss Re is adjusting the company's organizational structure, the traditional reinsurance products and financial services team expert group more closely together. Swiss Re hopes that the new business model will help customers to provide a tremendous risk underwriting capacity and more solutions at the same time, to make a greater return on shareholders.

Through adjustments in the hope that Swiss Re underwriting capacity, risk management, capital investment, corporate culture, and other four areas has improved: First of all, Swiss Re hopes to expand customer base, expanding the interaction with customers to enhance the company for all insurable risks support Capacity. Secondly, Switzerland has been further efforts to build a solid foundation for the capital market, hoping to become the risk pool, reform and market-driven forces of the transaction. With the insurance link securities, and insurance losses guarantee the development and marketing experience, the company will develop innovative solutions to play a major role. Companies will also be variable annuity and long life to continue to develop risk transfer solutions, will explore how the balance sheet has been included in the transfer of risk to the peer approach in order to create greater underwriting capacity to undertake new business. In addition, the Swiss then more actively fight for profit business and investment opportunities. Finally, the further strengthening of the Swiss company culture, so that companies can not only attract and train outstanding talents, but also consolidated their talents, skills and innovation, to provide integrated solutions

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