A spotlight on global solutions for employee benefits

A spotlight on global solutions for employee benefits

A spotlight on global solutions for employee benefits

More and more large multinationals are realising that there is a significant opportunity to optimise their global employee benefits arrangements by structuring and managing their local benefit plans more holistically. Up until now, the placement of employee benefits has mostly remained local; with best-practices and data-sharing being difficult to implement due to manual processes and local data stored in disparate…

Zurich buys Sydney-based travel insurance provider Cover-More

Zurich buys Sydney-based travel insurance provider Cover-More

Zurich buys Sydney-based travel insurance provider Cover-More

Zurich Insurance Group has acquired 100% of the issued share capital of Cover-More Group Limited, a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the US. Zurich said it is looking to significantly expand its travel insurance portfolio and grow in global travel and assistance markets. According to Zurich,…

Captive health checks for captive owners

Captive health checks for captive owners

Captive health checks for captive owners

Making the most effective use of the captive retention to optimise risk financing costs is certainly a high risk management priority, and it is recommended that the retention be reviewed at regular intervals. “We have experienced that around 40% of our European captive customers perform an annual basis ‘health check’ to explore whether the captive retention has been set in…

Zurich NA and Deloitte to offer cyber combination

Zurich NA and Deloitte to offer cyber combination

Zurich NA and Deloitte to offer cyber combination

Zurich North America is to cooperate with consultants Deloitte on providing cyber risk mitigation and transfer services to businesses in the US. Deloitte and Zurich said in a statement that companies that identify the multitude of possible cyber risks and have a tested action plan in place can be more resilient, and can more efficiently get back to meeting the…

Zurich restructures its APAC business

Zurich restructures its APAC business

Zurich restructures its APAC business

International insurer Zurich has announced a major overhaul of its Asia-Pacific business, merging its corporate and commercial units into a single division. The integration is designed to simplify its business and give clients a single point of entry, said the insurer, and will be conducted on a country-by-country basis. The move will also mean several personnel changes. The new combined…

More data on property risks means more informed decisions

More data on property risks means more informed decisions

More data on property risks means more informed decisions

As a risk manager, you want to protect your business properties and assets as effectively and efficiently as possible. That means making well-informed decisions based on as much useful data as you can gather. To make informed decisions about risk, you need two things. First is the raw data. What are the potential problems? What is their likelihood of occurring?…

Greco announces big turnaround at Zurich

Greco announces big turnaround at Zurich

Greco announces big turnaround at Zurich

Mario Greco appears to have woven his magic at Zurich since rejoining the group in March of last year as it reeled from a series of dramatic losses largely incurred by the group’s global corporate business. Mr Greco was delighted to announce a big turnaround in profits driven by a strong recovery in the group’s general insurance business and global corporate…

International Programmes: greater transparency and less complexity – is it possible?

International Programmes: greater transparency and less complexity – is it possible?

International Programmes: greater transparency and less complexity – is it possible?

Zurich Commercial Insurance, one of the global leaders in the international insurance space, explains the major challenges of its large global customers whose international property programme is placed all over the world, and looks at customers’ expectations from insurance carriers like Zurich. “The challenges are many and varied. To name just a couple: global certainty of coverage; consistent delivery of…

Zurich Insurance reveals three year plan for increasing profitability

Zurich Insurance reveals three year plan for increasing profitability

Zurich Insurance reveals three year plan for increasing profitability

Zurich Insurance has announced a three year plan which will focus on increasing profitability and at the operating level, reducing complexity and improving accountability. In commercial business, Zurich said it will “enhance technical excellence and strengthen its go-to-market-approach, and continue to build on its distinct capabilities in the management of international programmes for large multinationals.” It said this will be supported…