The global reinsurer Swiss Re and leading non-life insurance company Prudential Guarantee and Assurance, Inc. (PGAI) further strengthened their partnership with new platforms and tools for underwriting and risk management.
Introduced were the Project Underwriting Management Application that improves evaluation of risks involved in engineering and construction projects, and other digital solutions that can better assess property coverage for climate-related disasters.
These complement the technical support, comprehensive risk assessment, and management services Swiss Re provides PGAI. Partners since 1982, the two companies have created a large pool of insurance data that benefits analytics, claims management, and underwriting capabilities. Synergies allow the companies to capitalize on emerging opportunities.
PGAI has led the domestic non-life insurance sector for four decades, particularly in the net premiums written category. In 2022 the company was again the top non-life insurer with net premiums written amounting to P5.73 billion.
In photo top row from left: Swiss Re Head P & C Reinsurance Asia Pacific Victor Kuk; PGAI Chairman Robert Coyiuto, Jr.; Swiss Re Head P & C Underwriting Asia, Australia and New Zealand Mark Senkevics; Swiss Re Head Market Underwriting Southeast Asia Klaus Jackels
Second row from left: PGAI Senior Vice-President / Chief Underwriter Juan Avelino; PGAI Senior Assistant Vice-President/ Engineering Department Arthur Esguerra; Swiss Re Head P & C Business Management Sheema Khurshed; Swiss Re Claims Specialist P & C Business Management Dawn Tan
Third row from left: PGAI President and CEO Anthony Sy; Swiss Re Engineering Underwriter Ashish Thekkan; PGAI Deputy Chairman Celestino Ang
Bottom row from left: PGAI Senior Vice-President /Head of Marine and Aviation Lucio Fernandez; Swiss Re Senior Structurer P & C Reinsurance Gilles Stassen; Swiss Re Team Lead Senior Client Manager Winnie Tan; PGAI Senior Assistant Vice-President / Office of the President Grace Ang; Swiss Re Property Underwriter Phuong Hanh Nguyen; PGAI Vice-President / Statistics Head Marc Ocampo-Tan; and PGAI Vice-President / Claims Head Alvin Tan