Claims Insights – from data to information to action

Claims Insights – from data to information to action

Claims Insights – from data to information to action

Data is widely available and easy to access. However, gaining useful, relevant and practical information from that data, and translating it into actions that improve the risk, is what really provides value for a company and has a positive business impact. Customers often own a lot of data but they may not see the value of analysing the information they…

US tax reform

US tax reform

US tax reform

There has been much talk about the impact of recent tax reforms in the US on the insurance sector and on global insurance programmes, with concerns over the effect on costs and structuring of programmes. There is little doubt that the reforms may necessitate some restructuring of programmes and some additional costs, but the impact for most insurers is certainly…

Zurich acquires top ten insurer in Indonesia

Zurich acquires top ten insurer in Indonesia

Zurich acquires top ten insurer in Indonesia

Zurich Insurance Group is to acquire a leading insurer in Indonesia, which will make it the largest foreign property and casualty insurer in the country. Zurich has entered into agreements to acquire 80% of PT Asuransi Adira Dinamika from PT Bank Danamon Indonesia and a minority investor. Adira Insurance is a top ten property and casualty insurer in Indonesia. Zurich…

Structuring an international programme to avoid surprises

Structuring an international programme to avoid surprises

Structuring an international programme to avoid surprises

International insurance programmes are no longer simply for large multinationals. As the world has got smaller, many medium-sized companies are now operating internationally and as a result, are looking at the issue of how to structure an international insurance programme. This needs to be carefully structured to take into account a number of important factors, including cost, control, consistency and…

The benefits of international programme training

The benefits of international programme training

The benefits of international programme training

For insurance products and classes of business, there is no shortage of training and education programmes available to brokers and customers. But when it comes to international programmes, it is a very different matter. International programmes are inherently complex. When you are dealing with multiple countries, the regulations, language, currencies, risk landscape and compulsory requirements all combine to make it…

Preparing for smooth sailing – whatever Brexit outcome is reached

Preparing for smooth sailing – whatever Brexit outcome is reached

Preparing for smooth sailing – whatever Brexit outcome is reached

As the UK Government sets out its desired future relationship with the EU and the negotiations move into their final phase in the coming months, it will come as no surprise that Brexit is a subject featuring more and more in our conversations with customers and distributors alike. Understandably, they want to know what the post-Brexit world will mean for…

Credibility and predictability are everything in global programmes

Credibility and predictability are everything in global programmes

Credibility and predictability are everything in global programmes

Helene Westerlind, a Swedish citizen, joined Zurich as liability claims adjuster in 2003 before becoming a liability underwriter. Between 2008 and 2016 she held various leadership roles within Zurich Global Corporate, both in operations and underwriting services. In September 2016, Ms Westerlind was offered a new role as global head of international programmes within Zurich’s new commercial insurance business operation.…

Managing employee safety risks

Managing employee safety risks

Managing employee safety risks

It is often said that its employees are the most valuable asset a business has, and as a risk manager, protecting people should be your top priority. As a risk manager, you are broadly responsible for protecting the three ‘Ps’ of your business – its property, its people and its profitability. While these are clearly connected in many cases –…

Designing Captives for Latin America

Designing Captives for Latin America

Designing Captives for Latin America

Risk management in large organisations has evolved considerably but the implementation of new approaches varies by region. Outside Latin America, captives are more readily accepted as a way of managing corporate risk but there has been increased activity within that region, and it is no secret that captive solutions have gained momentum. There are now more than 100 captive insurance…

Zurich premium growth flat in Q1 as focus turns to profit

Zurich premium growth flat in Q1 as focus turns to profit

Zurich premium growth flat in Q1 as focus turns to profit

Zurich Insurance Group saw P&C first-quarter premiums climb to $9.33bn from $8.92bn, up 5% in US dollars but down 1% on a like-for-like basis in local currencies. The firm said it is focused on profitability and on course to meet its 2019 targets, which include cost savings of $1.5bn following a restructuring of the group’s global corporate business. In US…

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