Aon’s 2010/11 Australian Risk Management Benchmarking Survey has named Zurich Australia General Insurance as the most respected insurer amongst large sized organisations.
Previously, the survey rated Zurich second amongst the organisations with revenue over $1 billion but the insurer is now celebrating its rise to top spot. Overall, Zurich has jumped to second place in the survey’s top 10 most respected insurers.
The survey also noted that Zurich made a strong gain amongst companies with revenues between $100 million to $1 billion, rising to fourth position. Zurich also climbed the ladder in the less than $100 million category, moving into fourth position.
Zurich Australia General Insurance Chief Executive Officer Shane Doyle commented, “Zurich Australia’s commitment to the Australian and New Zealand markets is to provide greater access for local brokers and their customers to Zurich Financial Services Group’s global capabilities and expertise. The survey results are a clear demonstration of Zurich’s ability to capitalise on its global strength and translate it into helping our customers in Australia and New Zealand – no matter the size of their operation. This is a clear vindication of our global strategy of leveraging off a global platform for local success.”
He added that Zurich Australia’s rapid rise in the survey in all major categories “reflects on Zurich’s focus of providing brokers and their customers with high quality risk solutions and ecommerce innovation.”
Commenting on Zurich’s top position as the most respected insurer amongst large sized organisations, the General Manager, Global Corporate, Zurich Australia, Kai Dwyer noted that since the launch of the Global Corporate proposition in Australia in 2007 Zurich had improved its ranking each year from a base of eighth in the 2006/07 survey to fifth in 07/08, third in 08/09 and second in the 09/10 survey before taking out the top ranking in this year’s survey.
“As this segment of the market represents the most demanding group in our Global Corporate target market it is a ringing endorsement of our value proposition,” he said.
“It is an enormous achievement that could not have been accomplished without a huge team effort, from our underwriting and sales teams through to the claims professionals and risk engineers who work hard every day to provide relevant and market leading service to our customers.
“It also represents acknowledgement of our strategy to broaden our product and service offering as each improvement in ranking follows additional investments in new capabilities, such as Financial Lines, Construction and Accident & Health” Dwyer said.
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