Zurich creates global business resilience unit

Zurich creates global business resilience unit | Insurance Business

Zurich creates global business resilience unit

Zurich Insurance Group has launched a new global unit focusing on the growing demand among businesses for risk prevention and mitigation services.

Known as Zurich Resilience Solutions, the new arm will provide services that enhance the overall resilience of a customer’s business and complement traditional insurance products, the company said in a statement. It will offer a combination of risk advisory services and insight, the latest technology and tools, data and analytics, as well as third-party collaborations.

According to Zurich, businesses are increasingly facing interconnected and complex risks, and managing these risks is further complicated by a lack of relevant and reliable data, tools and insights. Zurich Resilience Solutions will draw on its parent group’s global expertise and insight to meet its customers’ individual and evolving needs.

Zurich has appointed Hanno Mijer (pictured) as global head of the new Resilience Solutions unit. Mijer has more than 30 years’ experience in the insurance sector, and has held various leadership positions in Continental Europe, the UK and Australia.

Mijer joined Zurich in 2007 and, most recently, was CEO of Zurich’s Cover-More brand. He reports to Sierra Signorelli, CEO of commercial insurance, and is based in the group’s Zurich headquarters

“Our people, and in particular our more than 750 risk engineers, work with customers day in, day out, and have intimate knowledge of how they operate their businesses,” said Mijer. “At the same time, our global reach and the breadth and depth of our expertise in risk management enable us to help protect our customers so they can focus on successfully developing their businesses. With Zurich Resilience Solutions, we want to leverage that wealth of experience, along with insights from rich pools of data and digital capabilities, for the benefit of our customers.”

In recent years, Zurich has launched an array of services, including Climate Change Resilience Services, Zurich Cyber Security Services and Supply Chain Risk Management Services. The company said it will continue to focus on building new capabilities, through investment and external collaborations, to help mitigate current and future risks.