{"id":20080,"date":"2023-07-05T04:34:00","date_gmt":"2023-07-05T04:34:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4149591_AE49591_0"},"modified":"2023-07-05T04:34:00","modified_gmt":"2023-07-05T04:34:00","slug":"zurichs-commitment-to-esg-and-innovation-results-in-eight-award-wins-in-h1-2023","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=20080","title":{"rendered":"Zurich&#8217;s Commitment to ESG and Innovation Results in Eight Award Wins in H1 2023"},"content":{"rendered":"<ul type=\"disc\">\n<li><b>Stron<\/b><b>g<\/b><b>ly committed to ESG and innovation, <span class=\"xn-location\">Zurich<\/span> integrates these values into every aspect of its daily operations and product development, resulting in eight award wins in H1 2023<\/b><\/li>\n<li><b>Through enriching&nbsp;ESG investment choices with 34 options in its latest investment-linked insurance schemes, <span class=\"xn-location\">Zurich<\/span> ranks top in the local market in terms of number of ESG investment choices available<sup>[1]<\/sup><\/b><\/li>\n<li><b><span class=\"xn-location\">Zurich&#8217;s<\/span> innovative, dynamic and responsive approach to travel protection and outstanding performance during the pandemic was well-acclaimed by the industry&nbsp;<\/b><\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">July 5, 2023<\/span><\/span> \/PRNewswire\/ &#8212; <b>Zurich Insurance (<span class=\"xn-location\">Hong Kong<\/span>)<\/b> (&#8220;<b><span class=\"xn-location\">Zurich<\/span><\/b>&#8220;) is committed to creating long-term value for its stakeholders, while making a positive impact on the environment and the communities it serves. <span class=\"xn-location\">Zurich<\/span> takes proactive actions to implement sustainable practices in the business and continuously develop ever more innovative products for customers. The eight awards proudly won by <span class=\"xn-location\">Zurich<\/span> in the first half of 2023 are a testament to this commitment.<\/p>\n<p><span class=\"xn-person\">Eric Hui<\/span>, CEO of Zurich Insurance (<span class=\"xn-location\">Hong Kong<\/span>), commented, &#8220;We are honored to have been recognized with these awards for our dedication to ESG and to our customers. It is a testament to the hard work and commitment of our team, who have gone above and beyond to embed sustainable practices in our business operations and develop innovative products that make us standout in the market. We are also proud to be living our promises, as Zurich Insurance Group is the first insurer to commit Paris Agreement and has gained the highest ESG rating of AAA from MSCI.&#8221;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder4947\" readability=\"14\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2146993\/Zurich_s_Commitment_to_ESG_and_Innovation_Results_in_8_Award_Wins_in_H1_2023.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2146993\/Zurich_s_Commitment_to_ESG_and_Innovation_Results_in_8_Award_Wins_in_H1_2023.jpg?p=medium600\" title=\"(From left to right) Ivy Kam - Senior Underwriting Manager, Erik Choi - Head of Propositions, Life Business, and Kannes Wong - Head of Strategy and Planning, Sustainable Officer received travel insurance, ILAS and ESG related trophies respectively.\" alt=\"(From left to right) Ivy Kam - Senior Underwriting Manager, Erik Choi - Head of Propositions, Life Business, and Kannes Wong - Head of Strategy and Planning, Sustainable Officer received travel insurance, ILAS and ESG related trophies respectively.\"><\/a><br \/><span>(From left to right) Ivy Kam &#8211; Senior Underwriting Manager, Erik Choi &#8211; Head of Propositions, Life Business, and Kannes Wong &#8211; Head of Strategy and Planning, Sustainable Officer received travel insurance, ILAS and ESG related trophies respectively.<\/span><\/p>\n<\/p><\/div>\n<p><b>ILAS pioneer enabling responsible investment<\/b><\/p>\n<p>As one of the pioneers and market leaders of investment-linked assurance scheme (ILAS) in <span class=\"xn-location\">Hong Kong<\/span>, <span class=\"xn-location\">Zurich<\/span> prides in its innovation that facilitates customers&#8217; wealth succession across generations as well as responsible investments. <span class=\"xn-location\">Zurich<\/span> has significantly enriched its ESG investment choices with 34 choices in its latest investment-linked insurance schemes, thereby ranking top in the insurance industry in <span class=\"xn-location\">Hong Kong<\/span> based on the impressive number of ESG investment choice available. Its ILAS products proudly scooped four awards in H1 2023, including:<\/p>\n<ul type=\"disc\">\n<li>&#8220;Life &amp; Wealth Management Insurance (Product\/Service) \u2013 Excellence Performance&#8221; from&nbsp;Bloomberg Businessweek\/Chinese Edition Financial Institutions Awards 2023<\/li>\n<li>&#8220;Outstanding Investment-Linked Life Products Award&#8221; from Metro Finance&nbsp;GBA Insurance Awards 202<span id=\"spanHghlt5a55\">3<\/span><\/li>\n<li><span id=\"spanHghltda87\">&#8220;A<\/span>ward for Excellence in Investment-linked Assurance Scheme&#8221; from Ming Pao Awards for Excellence in Finance 2023<\/li>\n<li>&#8220;Investment-linked Assurance Scheme (ILAS) &#8211; Best-in-Class&#8221; from Benchmark Wealth Management Awards 2022<\/li>\n<\/ul>\n<p><b>First in market to launch a new travel insurance to address the challenges facing by travelers during COVID-19 <\/b><\/p>\n<p><span class=\"xn-location\">Zurich<\/span> is pleased to garner the &#8220;Award for Excellence in Travel Insurance&#8221; presented by Ming Pao Awards for Excellence in Finance 2023, in recognition of <span class=\"xn-location\">Zurich&#8217;s<\/span> pioneering, customer-centric and responsive travel insurance strategy. We were the first insurer in the market to launch the brand-new travel insurance product in July last year as a quick response to the surge in demand for protection against COVID-19. This industry achievement reaffirms <span class=\"xn-location\">Zurich&#8217;s<\/span> successful initiative and unwavering commitment to providing products and services that suit customers&#8217; diverse needs.<\/p>\n<p><b>ESG and Sustainability at the forefront, leading the way with accolades <\/b><\/p>\n<p>Zurich Insurance Group aspires to be one of the most responsible and impactful businesses in the world, and targets to achieve net-zero emissions in operations by 2030. In <span class=\"xn-location\">Hong Kong<\/span>, the company continuously pushes the boundaries in ESG and sustainability, and was recognized with three prestigious awards in H1 2023:<\/p>\n<ul type=\"disc\">\n<li>&#8220;Award for Excellence in Sustainability&#8221; from Ming&nbsp;Pao Awards for Excellence in Finance 2023<\/li>\n<li>&#8220;Responsible Insurer Award &#8211; Outstanding Responsible Insurer&#8221; from Benchmark Wealth Management Awards 2022<\/li>\n<li>&#8220;20 Years Plus Caring Company Logo&#8221; for 2022\/2023 from The Hong Kong Council of Social Services<\/li>\n<\/ul>\n<p>These accolades serve as a testament to <span class=\"xn-location\">Zurich&#8217;s<\/span> dedication to sustainable business practices and innovative product development, and inspire the company to continue pushing the boundaries of what&#8217;s possible for the betterment of the planet, customers and people.<\/p>\n<p><sup>[1 ] <\/sup>Statement based on comparison results as of <span class=\"xn-chron\">May 15, 2023<\/span>.<\/p>\n<p><b><u>About <span class=\"xn-location\">Zurich<\/span><\/u><\/b><\/p>\n<p><b>Zurich Insurance (<span class=\"xn-location\">Hong Kong<\/span>) <\/b>is part of the Zurich Insurance Group, with its presence in <span class=\"xn-location\">Hong Kong<\/span> dating back to 1961. Since then, Zurich Insurance (<span class=\"xn-location\">Hong Kong<\/span>) has been dedicated to serving the <span class=\"xn-location\">Hong Kong<\/span> community with a full range of flexible investment, life insurance and general insurance solutions for individuals, as well as commercial and corporate customers \u2014 attending to their insurance, protection and investment needs. Zurich Insurance (<span class=\"xn-location\">Hong Kong<\/span>) currently ranks fourth in the general insurance market<sup>[1]<\/sup> and ranks fifth in the ILAS market<sup>[2]<\/sup> in <span class=\"xn-location\">Hong Kong<\/span>. Please visit <a href=\"http:\/\/www.zurich.com.hk\" rel=\"nofollow\">www.zurich.com.hk<\/a> for more information of Zurich Insurance (<span class=\"xn-location\">Hong Kong<\/span>).<\/p>\n<p><sup>[1] <\/sup>Annual statistics of the Insurance Authority on Hong Kong General Business from January to <span class=\"xn-chron\">December 2022<\/span>, based on gross premium.<\/p>\n<p><sup>[2] <\/sup>Annual statistics of the Insurance Authority on <span class=\"xn-location\">Hong Kong<\/span> long term insurance business from January to <span class=\"xn-chron\">December 2022<\/span>, based on the number of policies and premiums of in-force business of investment-linked life insurance.<\/p>\n<p><b>Zurich Insurance Group <\/b>is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, <span class=\"xn-location\">Zurich<\/span> is transforming insurance. In addition to providing insurance protection, <span class=\"xn-location\">Zurich<\/span> is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.<\/p>\n<p>Reflecting its purpose to &#8216;create a brighter future together&#8217;, <span class=\"xn-location\">Zurich<\/span> 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, <span class=\"xn-location\">Zurich<\/span> launched the Zurich Forest project to support reforestation and biodiversity restoration in <span class=\"xn-location\">Brazil<\/span>.<\/p>\n<p>The Group has about 60,000 employees and is headquartered in <span class=\"xn-location\">Zurich, Switzerland<\/span>. 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 <a href=\"http:\/\/www.zurich.com\/\" target=\"_blank\" rel=\"nofollow noopener\">www.zurich.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strongly committed to ESG and innovation, Zurich integrates these values into every aspect of its daily operations and product development, resulting in eight award wins in H1 2023 Through enriching&nbsp;ESG investment choices with 34 options in its latest investment-linked insurance schemes, Zurich ranks top in the local market in terms of number of ESG investment [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":20081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-20080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zurich&#039;s Commitment to ESG and Innovation Results in Eight Award Wins in H1 2023 - 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