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Swiss Life Network The Swiss Life Network specialises in employee benefit solutions for multinational companies. The Network is made up of 52 partners and serves around 430 multinationals in over 60 countries. In the year under review, the Swiss Life Network generated business amounting to CHF 1.6 billion.
Business volume increased slightly in the year under review to CHF 1.6 billion. Although 2006 was also characterised by strong competitive pressure, the Network reaffirmed its leading market position. This was largely due to its longstanding and strong relationships with its Network partners and customers. Over the past year, the Network managed 4,000 contracts for 430 customers.
The Swiss Life Network offers employee benefit solutions worldwide for employees of international companies. These solutions are tailored to the country-specific requirements and risk profile of each customer. The services are based on bundling together, or pooling, local group contracts. In this way, multinational corporate clients benefit from a greater risk spread and the ability to centrally coordinate and optimise the benefits and costs of their employee benefit plans around the world. Companies within the Swiss Life Group and partnerships with leading local insurance companies ensure global coverage.
The year under review saw a further increase in requests for services such as the provision of country-specific information, and advice on local benefit plans and market developments. Customers make full use of the Network’s extensive knowledge of international employee benefit solutions, saving themselves the need to develop their own resources in this area. From its head office in Zurich, the Swiss Life Network team of around 40 specialists works closely with its Network partners to win new clients and serve existing customers.
A key strategic reassessment took place in the year under review. The Swiss Life Network intends to offer more products that go beyond pure risk coverage and incorporate a stronger savings component. The Network’s international presence will be extended through forging additional partnerships with local insurance providers. Beyond western Europe and the USA, there is a special focus on Asia and eastern Europe, where the Network’s presence has already been increased during the reporting period and will continue to develop throughout 2007. The Swiss Life Network has set itself the goal of achieving significant growth in new business over the next three years, generating annual double-digit growth rates. It will also continue to intensively manage and expand its existing business.
The newly-established Swiss Life Network Board brings together representatives from Network partners with senior executives from the Swiss Life Network to discuss developments in international employee benefits. The aim is to recognise and analyse trends in the global employee benefit market early on, and to create suitable responses.
In November 2006, the Swiss Life Network held its second Asia Pacific Conference. Approximately 100 Network partners, customers and brokers attended the event in Mumbai, India, exchanging views on regional market developments, and strengthening the Network’s presence in the Asia-Pacific region while intensifying cooperation with local partners.
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