Zurich’s Commitment to ESG and Innovation Results in Eight Award Wins in H1 2023

Zurich’s Commitment to ESG and Innovation Results in Eight Award Wins in H1 2023
Zurich Insurance (Hong Kong) has received widespread recognition for its strong commitment to environmental, social, and governance (ESG) practices and its innovative approach to product development.

The company has secured eight prestigious awards in the first half of 2023, underscoring its dedication to creating long-term value for stakeholders and making a positive impact on the environment and communities.

Zurich’s emphasis on ESG investment choices has positioned it as a leader in the local market. The company offers an impressive array of 34 ESG investment options in its latest investment-linked insurance schemes, ranking it at the top of the industry in Hong Kong in terms of the number of choices available.

These efforts have garnered Zurich four awards, including the “Life & Wealth Management Insurance (Product/Service) – Excellence Performance” from Bloomberg Businessweek/Chinese Edition Financial Institutions Awards 2023 and the “Outstanding Investment-Linked Life Products Award” from Metro Finance GBA Insurance Awards 2023.

The company’s innovative and responsive approach to travel protection has also earned accolades. Zurich was recognised with the “Award for Excellence in Travel Insurance” from the Ming Pao Awards for Excellence in Finance 2023. Zurich was the first insurer in the market to launch a new travel insurance product in response to the challenges posed by the COVID-19 pandemic. This recognition highlights Zurich’s customer-centric strategy and its commitment to providing products and services that cater to diverse needs.

Zurich is dedicated to ESG initiatives

Zurich Insurance Group, the parent company of Zurich Insurance (Hong Kong), is dedicated to ESG and sustainability initiatives. The company aims to achieve net-zero emissions in its operations by 2030 and has received the highest ESG rating of AAA from MSCI. In H1 2023, Zurich was honored with three prestigious awards, including the “Award for Excellence in Sustainability” from the Ming Pao Awards for Excellence in Finance 2023 and the “Responsible Insurer Award – Outstanding Responsible Insurer” from Benchmark Wealth Management Awards 2022. These recognitions reflect Zurich’s commitment to sustainable business practices and inspire the company to continue pushing boundaries for the betterment of the planet and its stakeholders.

Eric Hui, CEO of Zurich Insurance (Hong Kong), expressed gratitude for the awards, highlighting the dedication of the Zurich team in integrating sustainable practices into business operations and developing innovative products. He also mentioned that Zurich Insurance Group is the first insurer to commit to the Paris Agreement, further underscoring the company’s commitment to sustainable practices.

Zurich Insurance (Hong Kong) ranks fourth in the general insurance market

Zurich Insurance (Hong Kong) is a part of Zurich Insurance Group, a leading multi-line insurer operating in over 200 countries and territories. With a history dating back to 1961, Zurich Insurance (Hong Kong) offers flexible investment, life insurance, and general insurance solutions to individuals, commercial customers, and corporate clients. The company currently ranks fourth in the general insurance market and fifth in the investment-linked assurance scheme (ILAS) market in Hong Kong.

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