Transforming legacy systems is an ongoing journey for Zurich France , as it tackles new risk and resilience solutions
ZURICH INSURANCE
Transforming legacy systems is an ongoing journey for Zurich France , as it tackles new risk and resilience solutions
In 2022 , Zurich Insurance Group announced a business operating profit of US $ 6.5bn , a target above the expectations of previous years . The success has been evenly distributed across the group , but the P & C line – which is the main line for Zurich France – has performed particularly well , with a 94.3 % combined ratio alongside a rise in business operating profit , too .
Growth in customers and P & C lines for Zurich France But the growth hasn ’ t just been about the numbers and profit . Rather , Zurich France has enjoyed a fruitful 12 months in terms of new customer onboarding , and the development of fresh products and solutions .
One particular unit that has grown the most over recent years is Zurich Resilience Solutions , or ZRS , created to address the rapidly changing risk landscape with a holistic approach to supporting risk management and helping build resilience .
It is this area of risk and resilience that has preoccupied the strategies taken by Zurich France over the past few years . Describing the journey , Denis Stasinski , Chief Underwriting Officer , explains that there are two clearly defined periods that mark eras of change within Zurich France : “ As a starting point , we have the world before and after COVID-19 . The global economy has experienced an accelerating transformation
28 May 2023