- CEO
- Mario Greco
- Full Time Employees
- 59,573
- Sector
- Financial Services
- Industry
- Insurance - Diversified
- Address
- Mythenquai 2 Zurich ZH Switzerland 8002
- IPO Date
- Oct 8, 2010
- Business
- Zurich Insurance Group AG is a global multi-line insurer providing a comprehensive range of insurance products and related services. The company operates primarily through three core segments: General Insurance, Global Life, and Farmers. Its General Insurance segment offers a broad portfolio including motor, home, and commercial insurance products targeting individuals, small businesses, and large corporations worldwide. The Global Life segment focuses on life and health insurance solutions including unit-linked products, protection, corporate benefits, annuities, term insurance, endowments, full private health, supplemental health, and long-term care insurance on both individual and group bases. The Farmers segment delivers non-claims administrative and management services to Farmers Exchanges and its affiliates. Zurich also provides risk prevention, control, and related consultancy services alongside its insurance offerings. The company serves customers in more than 200 countries and territories, supported by over 63,000 employees. Founded in 1872, Zurich is headquartered in Zurich, Switzerland.
Recent strategic developments include Zurich's 2023-2025 plan to strengthen its commercial insurance franchise, improve retail profitability, and transform its Life Protection business into a global growth engine. Zurich is expanding its life insurance and protection products aiming to increase protection gross written premiums at a compound annual growth rate of 8%. The company is enhancing its retail customer experience to boost loyalty and financial impact while leveraging scale and technology to drive underwriting excellence and portfolio improvements. In late 2024, Zurich announced the acquisition of AIG’s global personal travel business, pending regulatory approval, which will position Zurich as a leading global travel insurer serving over 20 million customers and 200 distribution partners globally. Additionally, Zurich adjusted its 2024 reinsurance coverages, adding a $300 million top catastrophe layer for Europe and lowering its U.S. peril retention.
Zurich primarily serves individual, corporate, and commercial customers across Europe, the Middle East, Africa, the Americas, and Asia Pacific. It maintains diverse product categories including property and casualty, life and health insurance, investment-oriented products, and specialty insurance services. The company also conducts holding and financing activities and operates certain non-core insurance and reinsurance businesses. Zurich remains focused on sustainable growth through innovation and transformation in underwriting, distribution, and operational efficiencies.