Page 16 - Insurance Times December 2019

Lloyd’s launches cam- Swiss Re introduces globally standardized property
paign to encourage policy

people against unaccept- Swiss Re has recently introduced a complete new tool that aims to help stan-
dardize insurance policies regardless of where the
able behaviour business was written. Swiss Re’s new ONE Form can
With the view to encourage people be used by brokers in order to create globally stan-
to speak out dardized master and local policies. According to a re-
against unac- lease, the ONE Form enables the closest possible
cep t able alignment of master and local policies while respect-
beha viour , ing local requirements and expectations. With the ONE Form, clients with in-
Lloyd’s of Lon- ternational insurance programs benefit from increased contract certainty. The
don insurance and reinsurance mar- tool also facilitates tax and legal compliance worldwide.
ketplace has launched a new cam- Swiss Re Corporate embedded the ONE Form tool in the IT systems it uses to
paign.
manage international programs. The tool automates the master and local policy
Lloyd’s has launched the campaign, issuance – a feature that should lead to clients and brokers receiving more
#SpeakUp in order to underline the accurate policies faster.
importance of speaking up and to Martin Hegelbach, Swiss Re Corporate Solutions head of property & speciality,
provide clear guidance on how
said, "ONE Form offers our customers a broad, state-of-the-art property cov-
people can take action if they either erage following an all risks approach. Nevertheless, master and local policies
see or experience unacceptable are designed modularly and, therefore, can be tailored to meet customers'
behaviour in the market.
coverage and limits needs.”
It forms part of a programme of
measures recently introduced by Hegelbach further said that as an added benefit, customers of Swiss Re’s in-
Lloyd’s to address the findings of its ternational program who use ONE Form can assess their flood exposures
Annual Cultural Survey and acceler- through PULSE, the online client portal. Andreas Berger, Swiss Re Corporate
Solutions CEO, said, "ONE Form highlights our ambition to use technology to
ate progress towards a culture of
make the international program delivery faster and more efficient.”
integrity, respect, and inclusion
across Lloyd’s. Customers and brokers using ONE Form can better manage their international
Lloyd’s Chief Executive Officer insurance programs and have a “positive service experience," the chief execu-
tive added. ONE Form is available for accounts incepted January 01, 2020 and
(CEO), John Neal, said, “At Lloyd’s
beyond, a company release said. It is currently offered in six countries as a mas-
we expect all market participants to
act with integrity, be respectful and ter policy wording, in 10 countries as a local policy wording, and in two languages
always speak up. I hope this cam- (English and Italian). There are plans to roll it out in five more countries as a
paign encourages more people to master and in eleven more countries as a local policy wording in six more lan-
do so. You will be heard, you will be guages – French, German, Japanese, Mandarin, Portuguese, and Spanish.
supported, and we will act, because
no matter what form it takes, ha- Donald Trump’s health insurance norms for immigrants
rassment is never acceptable. barred by U.S. judge

“The ambition here is to make a A U.S. judge in Oregon has recently granted a preliminary injunction blocking
positive difference in many people’s a Trump administration proclamation that would require immigrants to show
lives, by empowering individuals to proof of health insurance to get a visa. In a written opinion, U.S. District Court
act and intervene when they wit- Judge Michael Simon said that the proclamation could not take effect while a
ness unacceptable behaviour. I think lawsuit challenging its constitutionality makes its way through the courts.
everyone has a role to play. Lloyd’s
The proclamation issued by President Donald Trump would only apply to people
leadership is fully committed to seeking immigrant visas from abroad, not those in the U.S. already. Seven U.S.
transforming the culture at Lloyd’s citizens and a nonprofit organization sued to prevent the rule from taking ef-
with shared values that will shape fect, saying it would block nearly two-thirds of all prospective legal immigrants.
the behaviours, choices and actions The lawsuit also said the rule would greatly reduce or eliminate the number
of everyone in the marketplace.”
of immigrants who enter the U.S. with family sponsored visas.
16 The Insurance Times, December 2019