Welcome to our dedicated page for Zurich Insurance news (Ticker: ZURVY), a resource for investors and traders seeking the latest updates and insights on Zurich Insurance stock.
News and updates for Zurich Insurance Group Ltd (ZURVY ADR) focus on the activities of Zurich Insurance Group and its regional businesses, particularly Zurich North America. Company communications highlight Zurich as a multi-line insurer serving people and businesses in more than 200 countries and territories, with the ZURVY ticker representing its level I American Depositary Receipt program traded on OTCQX.
Recent news releases emphasize Zurich North America’s role as one of the largest providers of insurance solutions and services to businesses and individuals in its region. Articles describe developments in construction insurance and risk engineering, such as a collaboration between Zurich North America, Zurich Resilience Solutions and Arrowsight to apply video-based coaching and analytics on construction jobsites to help reduce risky behaviors and workers’ compensation claim frequency.
Other coverage includes Zurich’s participation in an excess casualty facility with other insurers to provide lead excess casualty insurance capacity for large national and multinational companies, as well as leadership changes in Zurich North America’s crop insurance and Direct Markets businesses. News items also discuss Zurich’s expansion in cyber risk capabilities, including the acquisition of SpearTip, a cyber counterintelligence firm, and an equity investment in Cowbell, a cyber insurance provider for small and medium-sized enterprises.
Additional stories highlight Zurich’s crop insurance business, Rural Community Insurance Services (RCIS), and its use of precision agriculture data connections, along with innovation initiatives such as the Zurich Innovation Championship. Readers following ZURVY news can use this page to review these types of announcements and understand how Zurich’s insurance, risk advisory and resilience-related activities evolve over time.
Zurich Resilience Solutions (ZRS) in North America has launched a new Diversity, Equity, and Inclusion (DEI) service in collaboration with Inclusion Score. This service is designed to help businesses assess and enhance their DEI practices according to the ISO 30415 standard. As one of the first insurers to offer such a service, ZRS aims to provide a multi-tiered approach that includes assessment, consulting, and training. The initiative responds to increasing business risks associated with inadequate DEI policies, with potential legal impacts and the necessity for organizations to demonstrate commitment to DEI.
Zurich American Insurance Company (ZAIC) announced its agreement to acquire Special Insurance Services, Inc. (SIS), a Texas-based program manager specializing in gap medical and occupational accident insurance. This acquisition, expected to finalize in early 2022, will enhance ZAIC's supplemental health insurance offerings, addressing the growing demand for affordable healthcare solutions amidst rising medical costs. SIS, which serves over 5,000 employers with an annual premium of approximately $55 million, brings valuable expertise in managing specialty insurance products.
Zurich North America's Rural Community Insurance Services (RCIS) has integrated with John Deere Operations Center via API Services, enhancing its precision agriculture offerings. This connection allows farmers to electronically link field data for improved crop insurance reporting. At no extra cost, farmers can manage and share planting and harvest data, reducing manual entry errors. The system also aids in the claims process by making production records more accessible. Zurich aims to innovate continuously in precision ag to meet evolving risk management needs.
Neeren Chauhan has been appointed as the Head of Strategy, Innovation & Business Development for Zurich North America, effective June 7, 2021. He will report to CEO Kristof Terryn. Chauhan brings over 20 years of leadership experience from roles at Allstate and McKinsey, focusing on digital strategy and innovation. His appointment aims to enhance Zurich North America's strategic priorities and customer innovations. Zurich is a leading insurance provider, serving over 90% of Fortune 500 companies with approximately 9,000 employees in North America.