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

• 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 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 choices available¹
• Zurich’s innovative, dynamic and responsive approach to travel protection and outstanding performance during the pandemic was well-acclaimed by the industry

Zurich Insurance (Hong Kong) (“Zurich”) is committed to creating long-term value for its stakeholders, while making a positive impact on the environment and the communities it serves. Zurich 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 Zurich in the first half of 2023 are a testament to this commitment.

Eric Hui, CEO of Zurich Insurance (Hong Kong), commented, “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.”

(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.

ILAS pioneer enabling responsible investment

As one of the pioneers and market leaders of investment-linked assurance scheme (ILAS) in Hong Kong, Zurich prides in its innovation that facilitates customers’ wealth succession across generations as well as responsible investments. Zurich 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 Hong Kong based on the impressive number of ESG investment choice available. Its ILAS products proudly scooped four awards in H1 2023, including:

• “Life & Wealth Management Insurance (Product/Service) – Excellence Performance” from Bloomberg Businessweek/Chinese Edition Financial Institutions Awards 2023
• “Outstanding Investment-Linked Life Products Award” from Metro Finance GBA Insurance Awards 2023“
• Award for Excellence in Investment-linked Assurance Scheme” from Ming Pao Awards for Excellence in Finance 2023
• “Investment-linked Assurance Scheme (ILAS) - Best-in-Class” from Benchmark Wealth Management Awards 2022

First in market to launch a new travel insurance to address the challenges facing by travelers during COVID-19

Zurich is pleased to garner the "Award for Excellence in Travel Insurance” presented by Ming Pao Awards for Excellence in Finance 2023, in recognition of Zurich’s 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 Zurich’s successful initiative and unwavering commitment to providing products and services that suit customers’ diverse needs.

ESG and Sustainability at the forefront, leading the way with accolades

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 Hong Kong, the company continuously pushes the boundaries in ESG and sustainability, and was recognized with three prestigious awards in H1 2023:

• “Award for Excellence in Sustainability” from Ming Pao Awards for Excellence in Finance 2023
• “Responsible Insurer Award - Outstanding Responsible Insurer” from Benchmark Wealth Management Awards 2022
• “20 Years Plus Caring Company Logo” for 2022/2023 from The Hong Kong Council of Social Services

These accolades serve as a testament to Zurich’s dedication to sustainable business practices and innovative product development, and inspire the company to continue pushing the boundaries of what's possible for the betterment of the planet, customers and people.

¹Statement based on comparison results as of May 15, 2023.