Zurich partners with Surer to provide customers with digital proposition Zurich Swift Marine Cargo

Local insurtech Surer today announced a partnership with one of Singapore’s top general insurers, Zurich Insurance Company Ltd.  (“Zurich”), which allows Surer’s broker and intermediary users to gain access to Zurich’s fully digital, fast flow proposition, Zurich Swift Marine Cargo. The integration of Zurich’s digital proposition enables Surer’s broker and intermediary users to more seamlessly and easily manage their clients’ marine cargo requirements. Operators can now obtain quotes instantly; bind covers and issue certificates or policies directly via the Surer platform.

“Along with Maid and Motor insurance, Marine Cargo is an insurance product that ranks among the top three products, by volume, being transacted on the Surer platform. As such, we have been on the lookout to partner and integrate with an insurer with best-in-class underwriting and tech capabilities specific to Marine Cargo,” said Derren Teo, Co-founder of Surer.

Zurich is the perfect insurer to partner with, given the company’s expertise, technical agility and more importantly, a shared vision to help insurance brokers and intermediaries manage their business more effectively through technology.

“We are extremely excited by the potential of this partnership for intermediaries and their clients when it comes to building greater efficiency of business placement, quote sourcing, binding and policy issuance,” said Derren.

Harry Taylor, Head of Marine at Zurich Singapore, concurred: “Zurich Swift Marine Cargo is a simple and reliable online platform that was created to better enable insurance intermediaries, allowing them to administer cargo insurance requirements anytime, anywhere. We’re delighted to be deepening our partnership with Surer to support their customers with market leading services and fantastic user experiences, and essentially serve on our common commitment to make marine business more efficient for more insurance brokers and intermediaries.”

The Zurich-Surer partnership will also see both companies work together on other fast flow product lines. The first group of intermediaries to access Zurich’s Marine Cargo product via Surer will be advisers and planners of the leading Independent Financial Adviser firm PromiseLand. More information is available via Surer.

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About Surer

Surer is a cloud-based insurtech platform with a digital ecosystem of intermediaries and insurers. It provides tech solutions to help orchestrate the network in the insurance industry enabling insurance intermediaries to close deals with greater speed and allows insurers to distribute their product with better efficiency. Launched in September 2020 in Singapore, Surer was founded by Gordon, Derren and Renfred, who have held positions in notable Singapore companies including PropertyGuru and Carousell, while also growing their careers in major insurance companies such as AIG, MSIG and QBE. Surer is an award-winning company with notable wins including the 'Partners of FinTech' award at the Singapore FinTech Festival Global FinTech Awards 2021. Surer is certified by the Singapore FinTech Association as an Insurtech service provider. Visit https://surer.sg/ for more information.

About Zurich

Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.

Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.

The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.

In Singapore, Zurich provides a wide range of insurance offerings for commercial and corporate clients, under its general insurance entity, Zurich Insurance Company Ltd (Singapore Branch). Zurich’s presence in Singapore dates to 2006, with a current specialist team of more than 130 employees on the ground. Zurich is one of the top general insurers in Singapore specializing in complex risks and international insurance programs. Its key lines of business cover Accident & Health, Casualty, Construction / Engineering, Financial Lines, Global Energy, Marine and Property.