Swiss Re CS forms strategic alliance with Finnish insurer

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re, has entered into a strategic agreement to bring Finnish insurer LocalTapiola onto its International Programme Administration (IPA) platform.

The agreement gives the Finnish insurer access to Swiss Re Corporate Solutions' network and supports its ambition to grow its corporate business book.

LocalTapiola will also use Swiss Re Corporate Solutions' globally standardised property policy ONE Form, which is embedded in the IPA platform.

“Our collaboration with LocalTapiola marks a new milestone on our journey to advance the insurance industry," said Andreas Berger, CEO Swiss Re Corporate Solutions. “Enabling other insurers – and their customers – to benefit from our digital International Programme Administration platform underlines our ambition to simplify complex international programme delivery through technology."

Jari Sundström, managing director at LocalTapiola General Mutual Insurance Company, said: “Together with Swiss Re Corporate Solutions, we are able to offer for our corporate clients a reliable way to have accurate and compliant insurance policies reflecting the needs of over 150 international markets through a single point of contact."