Investments and tailored approaches for high growth markets
Corporate Solutions is moving to triple the premiums generated in high growth markets (HGMs) between 2010 and 2015
Swiss Re Corporate Solutions is well on track to achieve its goal of reaching USD 4–5 billion in gross written premium net of intra-group transactions by 2015. High growth markets (HGMs) are an important element of that strategy. Our goal is to grow the business in HGMs by establishing local presence and tailored expertise for clients in Latin America, emerging EMEA and emerging Asia.
In 2013 we obtained a direct insurance licence in Singapore which reinforces the growth plans of our local operation. This milestone complements the establishment of the Dubai branch (2012) and the acquisition of UBF Seguros in Brazil (2011). Also in 2013, we leveraged our position as Brazil’s leading provider of agriculture insurance by signing a strategic alliance with Caixa Seguros to develop, launch and market agro-insurance products through Caixa Econômica Federal, a government-owned financial institution.
At Corporate Solutions, we offer a range of products that have a special relevance for corporations operating in HGMs including natural catastrophe cover, agriculture, infrastructure and credit and surety. In addition, we also promote public-private partnerships, whereby innovative risk-transfer and other insurance-based solutions provide immediate financial relief. Governments in HGMs are increasingly integrating such solutions in their risk mitigation plans, as in Mexico, where we provide protection against natural disaster risk.
Demand in HGMs for ground-breaking insurance solutions for corporations, state companies and governments alike is expected to grow further — and we are ready to participate.