Zurich has created a new service unit which will help businesses prevent and mitigate their risks, as well as improve their overall risk profile.
The global business unit, Zurich Resilience Solutions, has been designed to complement Zurich’s traditional insurance products, and will combine risk advisory services and insights with technology, data analytics and third-party collaborations.
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Zurich’s global head of resilience solutions Hanno Mijer said that businesses are facing ‘increasingly interconnected and complex’ risks, and managing these can be difficult due to a lack of reliable and relevant data. He said the new unit will draw on Zurich’s 150 years of insurance insight, as well as its strong understanding of customer needs.
Head of Zurich Resilience Solutions for Australia and New Zealand Mervyn Rea said Zurich has a “strong track record” in the local risk management market, and that the new unit is part of a wider push to offer more ‘focused’ products for customers.
“We are already an establised, leading provider of risk prevention strategies for our underwriters, brokers and customers, and Zurich’s risk engineering team has a strong track record in our local market,” Rea said.
“Our services are now expanding into a wider range of risk management and resilience focused solutions such as climate change, cyber security and supply chain, and we will also focus on building new capabilities to help businesses protect themselves.”
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“While we continue to offer our valuable risk assessment and risk insights capabilities to our underwriters and insurance customers via their usual insurance broker, there are a whole range of services now available to customers whether or not they purchase insurance with us,” Rea added.
“Our talent has always been risk management expertise, regardless of insurability or line of business. This new unit is an exciting development which allows us to expand our offering beyond Zurich’s insurance customers.”
