zurich vista in singapore

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News Release Zurich launches new subsidiary in Singapore Singapore, 18 April 2012 - Zurich today announced the launch of its subsidiary, Zurich Life Insurance (Singapore) Pte. Ltd., following its successful registration as a direct insurer by the Monetary Authority of Singapore. The new licence enables Zurich to serve more domestic customers in Singapore with a wider range of products to complement its existing products offered through the existing branch of Zurich International Life. Mr. Graham Morrall, CEO of Zurich Life Insurance (Singapore), said: “The launch of the new subsidiary reaffirms our commitment to the Singapore market, and positions us for further profitable growth. We aspire to be the best insurer for the affluent and emerging affluent customer segments, as measured by our customers, distributors and employees. Singapore is a market with relatively high concentration of wealthy and high net worth individuals, where we see considerable growth potential in our target segments.” Zurich presence in Singapore In Singapore, Zurich provides a wide range of insurance offerings. Under its general insurance entity, Zurich Insurance Company Ltd (Singapore Branch) offers general insurance products for commercial and corporate clients. It also offers life insurance solutions for individuals and corporate customers through Zurich International Life Limited (Singapore Branch). The branch of Zurich International Life established since 2006 has equipped Zurich with a strong understanding of the unique needs of the affluent market in Singapore. Together with Zurich’s global expertise in risk management and insurance solutions, Zurich in Singapore is well placed to bring expert knowledge and offer customers an extensive range of savings, investment and protection products. Putting the “sure” in insurance A lack of transparency and clarity remain top concerns for many consumers when buying life insurance. To ease the worries, Zurich endeavors to offer customers products and services which are easy to understand at every step of the way from application, to purchase and claims. Mr. Morrall added, “By “putting the ‘surein insurance”, Zurich is committed to provide the right solutions by offering clarity, simplicity and surety. To reach out to more customers, we are implementing a multi-distribution strategy through close collaboration with our trusted distribution partners who also hold our core value of customer centricity. We are keen to

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Page 1: Zurich Vista in singapore

News Release

Zurich launches new subsidiary in Singapore

Singapore, 18 April 2012 - Zurich today announced the launch of its subsidiary, Zurich Life

Insurance (Singapore) Pte. Ltd., following its successful registration as a direct insurer by the

Monetary Authority of Singapore. The new licence enables Zurich to serve more domestic

customers in Singapore with a wider range of products to complement its existing products

offered through the existing branch of Zurich International Life.

Mr. Graham Morrall, CEO of Zurich Life Insurance (Singapore), said: “The launch of the new

subsidiary reaffirms our commitment to the Singapore market, and positions us for further

profitable growth. We aspire to be the best insurer for the affluent and emerging affluent

customer segments, as measured by our customers, distributors and employees. Singapore is a

market with relatively high concentration of wealthy and high net worth individuals, where

we see considerable growth potential in our target segments.”

Zurich presence in Singapore

In Singapore, Zurich provides a wide range of insurance offerings. Under its general

insurance entity, Zurich Insurance Company Ltd (Singapore Branch) offers general insurance

products for commercial and corporate clients. It also offers life insurance solutions for

individuals and corporate customers through Zurich International Life Limited (Singapore

Branch).

The branch of Zurich International Life established since 2006 has equipped Zurich with a

strong understanding of the unique needs of the affluent market in Singapore. Together with

Zurich’s global expertise in risk management and insurance solutions, Zurich in Singapore is

well placed to bring expert knowledge and offer customers an extensive range of savings,

investment and protection products.

Putting the “sure” in insurance

A lack of transparency and clarity remain top concerns for many consumers when buying life

insurance. To ease the worries, Zurich endeavors to offer customers products and services

which are easy to understand at every step of the way from application, to purchase and

claims.

Mr. Morrall added, “By “putting the ‘sure’ in insurance”, Zurich is committed to provide the

right solutions by offering clarity, simplicity and surety. To reach out to more customers, we

are implementing a multi-distribution strategy through close collaboration with our trusted

distribution partners who also hold our core value of customer centricity. We are keen to

Page 2: Zurich Vista in singapore

Page 2

expand our distribution channels and attract the best talent to join us, by equipping them with

the necessary tools and training to deliver the best to our customers.”

To mark the launch, Zurich has also opened a new Business Centre which provides customers

a modern meeting space to meet financial professionals to discuss their financial planning

needs.

For information about Zurich in Singapore and its products, please refer to the accompanying

fact sheets and product brochures.

Notes to editors:

Zurich International Life Limited (Singapore Branch) has been operating in Singapore since 2006

with a license to offer protection, saving and investment plans to the expatriates and high net worth

individuals. Its award-winning savings and investment plan, Vista, is targeted at individuals with the

ability to invest at least USD 5,000 per annum over ten years. Its International Term Assurance is

aimed at individuals who wish to apply for a life insurance policy with a minimum sum assured of USD

400,000.

Zurich Insurance Group (Zurich) is a leading multi-line insurance provider with a global network of

subsidiaries and offices in Europe, North America, Latin America, Asia-Pacific and the Middle East as

well as other markets. It offers a wide range of general insurance and life insurance products and

services for individuals, small businesses, mid-sized and large companies as well as multinational

corporations. Zurich employs about 60,000 people serving customers in more than 170 countries. The

Group, formerly known as Zurich Financial Services Group, is headquartered in Zurich, Switzerland,

where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on

the SIX Swiss Exchange and has a level I American Depositary Receipt program which is traded

over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.

Being part of Zurich Insurance Group, Zurich Life Insurance (Singapore) Pte. Ltd. offers a

comprehensive suite of life insurance, investment, savings and protection solutions for individuals and

corporate consumers, to cater to their evolving protection and investment needs.

For further information:

Tok Hwee Kheng, Zurich Life Insurance (Singapore) Pte. Ltd.

Phone: +65 6327 0362 / 9424 8263

Email: [email protected]

Emily Poon, Pulse Influence

Phone: +65 6213 7875 / 9023 4089

Email: [email protected]