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…

Developing a climate resilience strategy

Developing a climate resilience strategy

Developing a climate resilience strategy

Climate change is no longer an ‘emerging risk.’ It has become a reality, with concentrations of carbon dioxide in the atmosphere now in excess of 400 parts per million and growing evidence of a rise in the frequency and intensity of extreme weather events. But it is more than just the climate that is changing. Rapid urbanisation, ageing infrastructure, increased…

Zurich announces EMEA leadership transition

Zurich announces EMEA leadership transition

Zurich announces EMEA leadership transition

AXA’s Amanda Blanc will join Zurich as CEO of Europe, Middle East & Africa (EMEA) later this year, as Gary Shaughnessy steps down from the role. Ms Blanc will also replace Mr Shaughnessy on Zurich’s executive committee when she joins the firm in the fourth quarter. Mr Shaughnessy has decided to step down from his full-time role to ensure a…

Effective network management is key to successful global programmes

Effective network management is key to successful global programmes

Effective network management is key to successful global programmes

Risk managers require many things from their insurer when it comes to serving their global insurance programmes. To begin with, they are looking for a network that covers all the territories in which their company needs insurance and risk management services. But they are also concerned with how the network is set up, and the quality and performance of network…

Latin American acquisitions create regional hub for Zurich’s Cover-More

Latin American acquisitions create regional hub for Zurich’s Cover-More

Latin American acquisitions create regional hub for Zurich’s Cover-More

Zurich Insurance Group has entered into agreements to acquire 19 leading providers of traveller assistance in Latin America, to boost the growth of its Cover-More business. The acquired businesses operate under the Travel Ace and Universal Assistance brands. Cover-More is Zurich’s specialist global travel insurance and assistance solutions business. The transaction involves 19 legal entities operating throughout Latin America, most…

Zurich set to acquire QBE’s Latin American operations

Zurich set to acquire QBE’s Latin American operations

Zurich set to acquire QBE’s Latin American operations

Zurich Insurance has entered into an agreement to acquire the Latin American operations (Argentina, Brazil, Colombia, Ecuador and Mexico) of QBE for $409m. According to Zurich, the deal will position Zurich as the leading insurer in Argentina and the number three insurer in Ecuador. Zurich said it will also build incremental scale in Brazil, Colombia and Mexico. The transaction is…

The use of cognitive computing within international programmes

The use of cognitive computing within international programmes

The use of cognitive computing within international programmes

Technology is starting to play an important role in global insurance programmes, through the automation of knowledge work. There are two main aspects to this: robotics process automation and cognitive computing. While robotics mimics the actions that a human takes to do something, such as processing a document, it is not a thinking process. However, cognitive computing goes further by…

Robotics: speeding up our internal processes for faster customer delivery

Robotics: speeding up our internal processes for faster customer delivery

Robotics: speeding up our internal processes for faster customer delivery

Joyjit Gorain, robotics process automation (RPA) expert and Victoria Mavin, head of underwriting services and service transformation for UK commercial insurance – Zurich Insurance Company, explain how RPA is being used to transform global programmes by improving service delivery and ensure quality, speed and efficiency for corporate customers. What is robotics process automation (RPA) and how is it being used?…

Digital capabilities transforming global programmes (Part Two)

Digital capabilities transforming global programmes (Part Two)

Digital capabilities transforming global programmes (Part Two)

In the second article on digital capabilities and global programmes, Zurich’s Carin Gantenbein and Armin Schaefer explain how the insurance industry is undergoing a revolution, and how new technologies and digital capabilities have the ability to transform not only the insurance sector in general, but also global insurance programmes specifically. When looking at digital transformation in the insurance sector, it…

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