Swiss Re releases internationally standardized property policy

Swiss Re Corporate Solutions has launched a new tool that helps standardize insurance policies regardless of where the business was written. Brokers can utilize Swiss Re’s new ONE Form to create globally standardized master and local policies. The ONE Form enables the closest possible alignment of master and local policies while respecting local requirements and expectations, a release said. With the ONE Form, clients with international insurance programs benefit from increased contract certainty. The tool also facilitates tax and legal compliance worldwide. Swiss Re Corporate Solutions embedded the ONE Form tool in the IT systems it uses to manage international programs. The tool automates the master and local policy issuance – a feature that should lead to clients and brokers receiving more accurate policies faster.