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Swiss Re Corporate Solutions said Thursday it is introducing ONE Form, a tool that creates globally standardized master and local property policies.
Swiss Re said in its statement ONE Form, whose use enables the closest possible alignment of master and local policies, is embedded in the IT systems Swiss Re Corporate Solutions uses to manage international programs, thus automating master and local policy issuance.
It is available for accounts as of Jan. 1, 2012. Swiss Re said it is now being offered in English and Italian in six countries as a master policy wording and in 10 countries as a local policy wording.
It said it will soon be rolled out in five more countries as a master and in 11 more countries as a local policy wording and in six more languages: French, German, Japanese, Mandarin, Portuguese and Spanish.
Swiss Re Ltd. has signed an agreement with China Pacific Insurance (Group) Co. Ltd. to expand its presence in China, This Day reported citing sources. Swiss Re previously teamed up with China Pacific Insurance to provide parametric cover in the country.