Swiss Re Corporate Solutions awarded (Re)Insurance Transaction of the Year at the Insurance Insider Honours
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We are delighted to be recognized at the 2020 Insider Honours, with our Parametric QUAKE taking home the (Re)Insurance Transaction of the Year award.
Now in its ninth year, the Insurance Insider Honours is a global (re)insurance awards ceremony that recognizes market talent and achievements. The category called for an imaginative solution that helped solve seemingly intractable problems to the satisfaction of all parties and the benefit of the market as a whole.
QUAKE is a parametric, rapid-payout earthquake insurance product that helps alleviate the financial hardships experienced in the immediate aftermath of an earthquake. The winning transaction focused on the index-based nature of the coverage that provided the flexibility of what the funds could be used for (i.e. financial assistance to help their employees get back on their feet, and back to work, quicker.)