Swiss Re further strengthens its position in Asia with the launch of its new regional headquarters
Swiss Re has been associated with Asia since 1913 and has over 1 900 employees in the region.
In 2017, Swiss Re announced plans to strengthen its presence in Asia with its regional headquarters, Swiss Re Asia Pte. Ltd. (Swiss Re Asia), reinforcing its commitment to this key region. Swiss Re Asia was registered in Singapore on 31 December 2017, marking the launch of the new headquarters.
The company is wholly-owned by its Zurich-based global parent, Swiss Re Ltd, and shares Swiss Re’s group credit rating. The company's operations in Asia is strongly capitalised in line with regulatory requirements and its local business is supported by the financial resources of the Swiss Re Group.
This move also aligns the company’s legal entity structure across its Asia, Europe and Americas regions. Swiss Re Asia will continue to serve its clients and partners through its network of offices, mirroring its existing footprint in Australia, China, Hong Kong, India, Japan, Korea, Malaysia and Singapore.
The Asian insurance sector has seen strong growth over the past decade, with the region now accounting for one third of global insurance premiums (based on 2017 estimate), compared to 20% in 2007. The outlook remains robust. Swiss Re expects the region’s non-life and life premiums to grow by 5% and 6% respectively, in real terms per annum in the coming decade. Emerging Asian insurance markets will grow even faster.