Zurich to provide resilience and DEI services to the Worldwide Broker Network
Zurich Resilience Solutions has announced that it will become the preferred supplier of resilience and sustainability to the Worldwide Broker Network (WBN), effective from January 1 ,2023.
Zurich will provide services to more than 100 broker members in over 100 countries.
The Zurich Resilience Solutions offering will be available for all WBN members, initially focusing on addressing risks related to climate change and diversity, equity and inclusion (DEI) – both top concerns for business leaders that require specialized knowledge and customizable solutions.
Hanno Mijer, Global Head of Zurich Resilience Solutions, commented: “As insurance capacity for certain risks becomes scarce, companies are increasingly turning to us for risk prevention and mitigation services that enable them to manage evolving risks more effectively.
“Collaborating with WBN will significantly expand our reach and help us strengthen awareness of the importance of building resilience to emerging risks.”
Olga Collins, Chief Executive Officer at WBN, added: “Zurich Resilience Solutions’ offering is unique in the marketplace, and we are delighted to be able to make their services available to our broker community. Resilience is critical in the current market environment and cannot be achieved through traditional risk transfer. Working with Zurich and leveraging their global capabilities will enable our members to better support our customers on these important issues.”
Furthermore, due to climate change, natural disasters such as storms, floods, droughts and wildfires are becoming more frequent and severe, and are affecting all businesses and communities globally.
Zurich’s Climate Change Resilience Services can help companies to better prepare for current and future physical risks associated with climate change and significantly reduce operational downtime after an event.
A recent Future Risks report from AXA highlighted how climate change is becoming the number one concern around the world.
Insufficient attention to diversity and inclusion is increasingly becoming a business risk impacting organizations’ financial performance and its workforce.
Demand from businesses for guidance on improving DEI practices and policies is increasing. Zurich supports businesses to strategically assess DEI in their organization and work toward recognized standards and their individual goals.
Source: Reinsurance News, https://www.reinsurancene.ws/zurich-to-provide-resilience-services-to-the-worldwide-broker-network/