Zurich Insurance Group announced today the launch of its new Climate Change Resilience Services. The new offerings are designed to help businesses better prepare for current and future physical risks related to natural hazards and climate change.
According to Zurich, the new services were developed in response to growing customer concerns, with climate change consistently rated as one of the top areas of concern for risk managers and business owners in the World Economic Forum’s Global Risks Report. The new Climate Change Resilience Services address these concerns by providing a wide range of solutions extending far beyond insurance and helping to protect businesses and employees.
Zurich stated that the services enable customers to tap Zurich’s market-leading risk engineering expertise in the interplay of natural hazards and climate change, and strengthen their resilience through physical and operational measures as well as insurance products. Additionally, customers can map exposure along their value chain, for their global or regional operations, specific sites or even vital pieces of equipment.
Zurich also offers mitigation and adaptation solutions for risks ranging from weather events such as wildfires, windstorms and floods, to climate effects, including temperature and sea-level rise, and provides guidance on how to implement sustainability measures at site level, while maintaining the ability to withstand risks.
Gabrielle Durisch, Head of Sustainability for Commercial Insurance, said:
“We have invested in technology and expertise to provide customers with tailor-made advice and tools that help them strengthen their resilience and prepare for future challenges. The scope of the new offering sets Zurich apart and underscores our commitment to sustainability and a 1.5°C future. As we undertake our own journey to sustainable business practices, we are encouraging and supporting our customers to become more sustainable and mitigate climate change related risks.”