Zurich Insurance Group (Zurich) today announced a strategic agreement with riskmethods GmbH (riskmethods), a global leader in supply chain risk management, to provide Zurich’s commercial customers with new supply chain risk management services.
In an increasingly globalized environment, where markets continue to evolve and create new risks, companies have to ensure reliable supply chains in order to maintain strong businesses that drive shareholder value. Zurich’s risk engineering and insurance expertise combined with riskmethods’ unique artificial intelligence-based technology will enable Zurich to effectively help customers identify, assess, mitigate and transfer risk related to their supply chains.
Rob Kuchinski, Global Head of Property and Energy, said: “We are committed to offering our customers solutions that go beyond risk transfer. This new offering is a great example of how Zurich is focused on customers’ needs by combining the highly complementary skill sets of our own Risk Engineers and scientists with the state-of-the art artificial intelligence services available through riskmethods.”
Heiko Schwarz, Founder and Managing Director at riskmethods, added: “We are excited to be able to provide our customers with even more sophisticated ways of handling risk in their supply network. Combining riskmethods’ cutting-edge technology for identifying potential supply disruptions with the renowned risk expertise of Zurich – not to mention preferred insurance coverage – is an invaluable way for enterprises to protect their brand, revenues and profits.”
Zurich’s new supply chain risk management services will be available to customers in Europe first, with plans to expand already in 2019 to additional countries across Zurich operations in the United States, Latin America and Asia Pacific.
Further information is available on Zurich’s website.