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 by improved global capabilities, such as the creation of its Global Specialties team, and increased accountability in customer-facing businesses.

Group CEO Mario Greco, said: “Zurich is a very strong insurance group, with a leading global position in commercial insurance, excellent capital strength and a very trusted brand. In the next three years, we will focus on execution to increase business profitability through delivering high-quality earnings. We will also differentiate ourselves by delivering first-class client service. We are reshaping the business for new market realities and to best equip us for future success. We will become stronger as the competitive landscape shifts, establishing a sound base for future growth.”