Climate change is 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
Zurich has launched Climate Change Resilience Services to help businesses better prepare for current and future risks associated with climate change. It has done this by expanding its existing natural hazards risk advisory service to include climate change services
Climate change is 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. In the 2020 edition, the top five most likely risks to impact businesses in the next decade were all environmental.
The 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. Customers can tap the insurer’s 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.
Customers can map exposure along their value chain, for their global or regional operations, specific sites or even vital pieces of equipment. The insurer also offers mitigation and adaptation solutions for these risks, which could range from weather events such as wildfires, windstorms and floods, to climate effects, including temperature and sea-level rise. It also 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.
”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.”