Recognition: innovation in insurance
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For the third year in a row, the industry magazine Latam Insurance Review (Latam IR) awarded Swiss Re Corporate Solutions in Brazil. This time, the award was particularly special, as it recognized our pioneering and innovative solutions.
All efforts and dedication of our team on bringing the weather parametric solutions to Brazil were recognized in August 2016, during the award ceremony. The Brazilian Insurance Awards 2016, organized by Latam Insurance Review, recognized Swiss Re Corporate Solutions for its knowledge, innovation and valuable contribution to the local insurance market.
Joao Nogueira Batista, CEO Corporate Solutions Brazil, collected the trophy on the category Innovation Insurance on behalf of the entire team. "It's very rewarding to receive an award for having brought to market a differentiated insurance solution. Weather parametric insurance is a pioneering product in Brazil and represents our vision of developing innovative solutions for our clients' business needs", he comments.
We were able to bring this new solutions to the country by leveraging the global experience of the Swiss Re Group together with the strong knowledge of the Brazilian market by our local teams. The product was approved by the local regulator in the end of 2015 and was launched early 2016 targeting clients of the energy sector and agribusiness.