Chubb Life receives 2017 Most Innovative Product Award at the 19th “Insurance Faith, Hope & Love” Award in Taiwan

By a News Reporter-Staff News Editor at Insurance Weekly News -- The Risk Management, Insurance and Finance Foundation in Taiwan honored Chubb Life (Chubb Tempest Life Reinsurance Limited, Taiwan Branch) with the 2017 Most Innovative Product Award at its 19th "Insurance Faith, Hope & Love" Gala Award Event on 7th August.

The "Insurance Faith, Hope & Love" Awards recognize individuals' and companies' contributions to advancing the insurance industry, exemplifying the highest quality of service, innovation, and professionalism of insurance in Taiwan. This award recognized Chubb Life for its innovative investment-linked product "Jan-Liue-Ying-Jia VUL", according to criteria such as creativity of product design, value to customers, distribution, product performance and claims ratio.

Chubb Life's "Jan-Liue-Ying-Jia VUL" is an investment-linked insurance product which protects and manages customers' risks and wealth leveraging the special CAPE® Ratio developed by Nobel Prize Winner Professor Robert Shiller. Chubb Life is the first insurer in Taiwan, and second globally, to launch an investment-linked insurance product leveraging the CAPE® Ratio as a reference indicator for its investment strategy. Chubb Life is also the only exclusive insurer in Taiwan to be officially licensed to use the CAPE® Ratio methodology of Professor Robert Shiller's "Sector CAPE® Index Family".

The "Select, Attack, Defend" strategy of this product provides a controlled mechanism to reduce investment risk and stabilize the financial return of the product. The protection, risk control, and market-sensitive nature of the product, differentiate Chubb Life with the rest of the market.

"Chubb Life is dedicated to crafting a comprehensive array of quality life insurance products and services," said Kristine Ung, Country President of Chubb Life in Taiwan. "We will continue to craft innovative insurance solutions to meet the changing financial protection and risk management needs of our customers in Taiwan."

Keywords for this news article include: Chubb Life.

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