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Swiss Re CorSo partners with Economical Insurance

24th March 2021 - Author: Katie Baker

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has signed an agreement with the Canadian insurer Economical Insurance to provide its IPA platform for its first insurer in North America.

Having previously collaborated with the Brokerslink in 2019 and insurers LocalTapiola and Württembergische Versicherung in 2020, Swiss Re has decided to expand its international programme solution outside of Europe.

The IPA platform enables users to manage and deliver structured and compliant multinational programmes from a single online platform and provides insurers access to its international network of more than 150 offices and partners.

The collaboration will enable Economical Insurance to take on lead positions and provide innovative services to its new and existing clients with international interests.

Adrian Hall, CEO Canada Swiss Re Corporate Solutions said: “We are pleased to collaborate with Economical Insurance so they can benefit from our digital International Programme Administration platform. Swiss Re Corporate Solutions continues to move the digitalisation of corporate insurance forward, underlining our ambition to simplify complex international programme delivery through technology.”

Fabian Richenberger, Executive Vice-President, Commercial Insurance, Economical commented: “We’re pleased to collaborate with Swiss Re Corporate Solutions to continue the diversification of the commercial business at Economical and provide world class solutions. This is a very positive opportunity for our valued broker partners to serve their Canadian customers who have business interests outside of the country.”

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