The annual AssCompact Awards were handed out again this September to the top insurance companies in Germany selected by brokers. Swiss Life won third place overall for occupational retirement pension plans and disability plans. In the individual evaluations, the company was declared the best provider of support funds solutions (Unterstützungskasse). Swiss Life was placed second for the funding of pension promises, and third for direct insurance and retirement funds.
Since the introduction of the bAV awards, Swiss Life has been the only provider to have consistently occupied one of the leading positions. The top companies are decided by independent insurance and finance brokers, who are randomly selected for the survey.

"We are delighted that the brokers have recognized the high level of Swiss Life’s expertise in both areas, and have judged us so highly," said CMO Klaus G. Leyh, who had the honour of receiving the certificates at the awards event held in Neuss. "We are particularly proud of the fact that during the awards ceremony for the occupational retirement and disability categories, Swiss Life was the only company consistently represented on the podium."

Various criteria are evaluated for the awards, including company management, product management, distribution support and execution services. In the case of occupational retirement benefits, the willingness of brokers to recommend products depends mainly on how the provider handles new business, their software for quotes, and the level of professional support offered. In the case of occupational disability plans, it is claims handling, quality of processing, and the cost/benefit relationship of the products that are decisive.

Footnote: bAV stands for "betriebliche Altersvorsorge", the German expression for employee benefits