Reinsurance News

Zurich expands roll out of marine insurance platform

25th March 2020 - Author: Staff Writer

Global insurer Zurich is accelerating the broader roll-out of a new marine insurance platform for small and medium cargo.

Marine shipping reinsuranceThe Zurich Swift Insurance Platform provides web-based access to insurance that users can tailor to their needs.

The platform leverages automation technologies to allow marine insurance brokers and intermediaries to manage the full policy lifecycle for single shipment and annual cargo insurance policies.

This includes receiving quotes, checking existing trade & economic sanctions, binding and renewing policies, making mid-term adjustments and issuing certificates.

“The Zurich Swift Insurance Platform provides comprehensive and tailored marine insurance for small and medium cargo in a very timely manner, and is a perfect example of our commitment to simple and efficient solutions,” said Howard Kingston, Zurich’s Global Head of Marine.

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The platform was initially launched in selected markets in 2019, including Spain, Germany, Singapore and Mexico.

As a result of the very positive feedback, Zurich plans to make it available in additional countries and regions, including North America, the Nordics and further countries in Latin America later this year.

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