TAIPEI, Taiwan, Sept. 26, 2017 /PRNewswire/ — The Risk Management, Insurance and Finance Foundation in Taiwan honored Chubb Life (Chubb Tempest Life Reinsurance Limited, Taiwan Branch) with the 2017 Most Innovative Product Award at its 19th “Insurance Faith, Hope & Love” Gala Award Event on 7th August.
The “Insurance Faith, Hope & Love” Awards recognize individuals’ and companies’ contributions to advancing the insurance industry, exemplifying the highest quality of service, innovation, and professionalism of insurance in Taiwan. This award recognized Chubb Life for its innovative investment-linked product “Jan-Liue-Ying-Jia VUL”, according to criteria such as creativity of product design, value to customers, distribution, product performance and claims ratio.
Chubb Life’s “Jan-Liue-Ying-Jia VUL” is an investment-linked insurance product which protects and manages customers’ risks and wealth leveraging the special CAPE® Ratio¹ developed by Nobel Prize Winner Professor Robert Shiller. Chubb Life is the first insurer in Taiwan, and second globally, to launch an investment-linked insurance product leveraging the CAPE® Ratio as a reference indicator for its investment strategy. Chubb Life is also the only exclusive insurer in Taiwan to be officially licensed to use the CAPE® Ratio methodology of Professor Robert Shiller’s “Sector CAPE® Index Family”.
The “Select, Attack, Defend” strategy of this product provides a controlled mechanism to reduce investment risk and stabilize the financial return of the product. The protection, risk control, and market-sensitive nature of the product, differentiate Chubb Life with the rest of the market.
“Chubb Life is dedicated to crafting a comprehensive array of quality life insurance products and services,” said Kristine Ung, Country President of Chubb Life in Taiwan. “We will continue to craft innovative insurance solutions to meet the changing financial protection and risk management needs of our customers in Taiwan.”
About Chubb Life in Taiwan
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.
Chubb Life, the life insurance division of Chubb, operates in 30 countries around the world. In Asia, Chubb Life operates in Hong Kong, Indonesia, Korea, Taiwan, Thailand and Vietnam, and participates in a joint-venture in China. Chubb Life has been in Taiwan since 2005, and launched its Offshore Insurance Unit business in 2016. To meet the financial protection and risk management needs of its broad range of customers, Chubb Life in Taiwan (Chubb Tempest Life Reinsurance Limited, Taiwan Branch) offers a range of life insurance and wealth planning solutions through banks and brokers.
Additional information can be found at:
Chubb Tempest Life Reinsurance Limited, Taiwan Branch
Manager, Marketing and Communications
+886 2 81611988 #8801
Head of Communications
+852 2185 0207
¹ “CAPE®” are trademarks of Barclays Bank PLC or its affiliates (“Barclays”) and have been licensed solely for use by the Licensee in connection with the operation of the “Chubb Tempest Life – Fuh Hwa US and European value investment–acc / Chubb Tempest Life-Fuh Hwa US and European value investment-mon. dist”. The “Chubb Tempest Life – Fuh Hwa US and European value investment–acc / Chubb Tempest Life-Fuh Hwa US and European value investment-mon. dist” are not sponsored by, endorsed, sold or promoted by Barclays, and Barclays makes no representation regarding the advisability of investing in the “Chubb Tempest Life – Fuh Hwa US and European value investment–acc / Chubb Tempest Life-Fuh Hwa US and European value investment-mon. dist”.
SOURCE Chubb Life