At Zurich, we have built an excellent platform for the future and our company is very sound financially. We have great people and a shared commitment to our customers, our employees, our shareholders and our communities."
We have made a positive start to the plans we set out at our December 2013 Investor Day.”
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Zurich is one of the world’s most experienced insurers. Our customers choose Zurich to protect the people and things they love because they value our knowledge, expertise and financial stability."
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We look at the big picture"
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Zurich reports business operating profit of USD 4.6 billion for 2014."
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Our wider contribution to society is not separable from our business.
It is part of how we do business."
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The success of our business is built on the contributions of our highly talented employees around the world – people who work every day to position us at the forefront of the insurance industry."
Discover the latest industry insights
We look at the big picture"
Today, risks are closely interconnected. They can affect all of us in unpredictable ways, and they are your concern as well as ours. By working together, we can find solutions to the challenge of interconnected risks: businesses, governments, communities and researchers all have a part to play. At Zurich, we see the big picture of interconnected risks and we collaborate with those who care about them. Our aim is to help our customers and other stakeholders understand and protect themselves from risk.
As the internet becomes more tightly coupled with the real world, the nature of cyber risks is undergoing fundamental change. At Zurich, we believe that the evolving cyber risk landscape means that much more is at stake than the protection of customer data against malevolent intrusion. Rather, the reliability of cyberspace as a driving force for economic growth and societal development is now at risk. To protect the integrity and reliability of cyberspace, governments, the private sector and civil society must work closely together in a multi-stakeholder approach.
In our era of rapid globalization, risks are interconnected – that much is obvious. Far less obvious is how businesses can adapt to this new reality in their strategic planning and daily operations. Today, risks that could previously be managed individually can have a multiplier effect when interconnected. That’s why floods in Thailand can stop automotive production lines in the U.S. Effective risk management needs to take these interdependencies into account. To do this, a holistic approach to risk management is required.
Floods affect more people globally than any other type of natural disaster. In 2013, Zurich launched a global program to enhance flood resilience. We are collaborating with an alliance to help reduce the risks posed by floods and promote public dialogue around flood resilience. Pre-event risk reduction is a focus of our efforts.
Insurance's importance is widely recognized in countries where it has long been the accepted way of reducing risks that individuals and businesses face. In places where it is less well-established, insurance also has the potential to reduce risks and help transform society by supporting economic growth and encouraging development.
Companies must look beyond isolated risks to see how a problem in one area of a supply chain might affect an entire business or industry. Taking supply chains into account when formulating business strategy is critical. Assessing the likelihood and repercussions of supply chain failures before they happen is an important part of corporate planning that could also give a company a competitive advantage.
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