HONG KONG, Jan. 5, 2017 /PRNewswire/ -- Chubb Life, the global life insurance division of Chubb, today announced that its life insurance subsidiary in Hong Kong has been awarded the title of "Best-in-Class", the highest accolade, in three categories, namely Critical Illness Insurance, Human Capital Development and Social Media Engagement at the esteemed BENCHMARK Wealth Management Awards 2016 ("the Awards").
Apart from the "Best-in-Class" titles, Chubb Life in Hong Kong was also honored with the "Outstanding Achiever Award" in three categories, namely Retirement Product, Universal Life Insurance (All Currencies) and Customer On-boarding. Winning such prestigious accolades in these Awards for four consecutive years demonstrates Chubb Life's commitment to providing innovative and diverse insurance solutions that benefit customers and society.
Organized by WealthAsia Media, publisher of its flagship magazine BENCHMARK, the Awards aim to recognize the financial institutions who execute and implement the best practices over the year. This year, the Awards have been split into "Insurance" and "Banking" sectors, aiming to recognize insurers who strive for best practice, whilst adding value for customers in wealth management.
Ben Ng, Chief Marketing Officer of Chubb Life in Hong Kong, said, "We are proud to have achieved the BENCHMARK Wealth Management Awards across a diverse range of categories, which recognizes our excellent capabilities designed to innovate, enhance growth, retain talent and drive customer interaction, resulting in closer client relationships and higher satisfaction. By offering a wide array of quality products, Chubb Life is committed to providing strategic and effective insurance solutions to cater to the short-term and long-term needs of our customers at different stages of life."
Now in its seventh year, the Awards comprise 26 categories covering industry best practice in products and capabilities, and is assessed by a panel of independent jurors including industry judges, peers and customers. A public engagement element was also introduced to the competition this year, asking the social media followers of shortlisted finalists to share their opinions of their insurers, to further evaluate the performance of these companies through direct engagement with their customers.
About Chubb Life in Hong Kong
Chubb Life is the global life insurance division of Chubb, the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Chubb Limited, the parent company of Chubb Group, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb's core operating insurance companies are rated AA for financial strength by Standard & Poor's and A++ by A.M. Best. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.
With both general and life insurance operations, Chubb has been present in Hong Kong for more than 90 years, via acquisitions by its predecessor companies. To meet the financial protection and security needs of its broad range of customers in Hong Kong, Chubb Life in Hong Kong (Chubb Life Insurance Company Ltd.) offers a comprehensive array of quality life and medical insurance products and services.
More information can be found at life.chubb.com/hk.
