Zurich to provide resilience services to WBN

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Zurich to provide resilience services to WBN

3 November 2022

Zurich Resilience Solutions has agreed to provide resilience and sustainability services to the Worldwide Broker Network (WBN), which has more than 100 broker members globally, including Honan.

From January, the commercial risk advisory and services unit of Zurich Insurance Group’s offer will be available for all members of WBN, the world’s largest association of privately owned insurance brokers.

It will initially focus on addressing risks related to climate change, as well as diversity, equity and inclusion (DEI) – top concerns for business leaders that it says require specialised knowledge and customisable solutions.

WBN CEO Olga Collins says the offer is unique and resilience “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,” she said “We are delighted to be able to make their services available to our broker community.”

More frequent and severe storms, floods, droughts and wildfires are affecting all businesses and communities globally, Zurich says, while insufficient attention to diversity and inclusion is increasingly becoming a business risk, and demand from businesses for guidance on improving practices and policies is increasing.

Zurich has more than 800 risk experts and combines advice with the latest technology.

Global Head of Zurich Resilience Solutions Hanno Mijer says companies are increasingly turning to prevention and mitigation services that enable them to better manage evolving risks “as insurance capacity for certain risks becomes scarce.”

“Collaborating with WBN will significantly expand our reach and help us strengthen awareness of the importance of building resilience,” he said.