Through the agreement, Zurich customers can identify, assess, mitigate and ultimately transfer risks within their supply chain networks. As a global leader in supply chain risk management, the riskmethods Solution creates a fully transparent viewpoint of threats in the supply chain that could cause negative impacts to the wider business.
The solution monitors and analyses global data sources, online media, databases and third-party risk data through artificial intelligence to provide real-time visibility. The solution then automates risk detection, ensures relevancy of the information and allows users to accelerate their risk detection in order to make informed business decisions surrounding supply chain risk management.
“We are committed to offering our customers solutions that go beyond risk transfer,” said Rob Kuchinski, Global Head of Property and Energy at Zurich. “This new offering is a great example of how Zurich is focused on customers’ needs by combining the highly complementary skill sets of our own Risk Engineers and scientists with the state-of-the art artificial intelligence services available through riskmethods.”
Zurich will make the new supply chain risk management services available to its customers in Europe first, with plans to expand already in 2019 to additional countries across Zurich operations in the United States, Latin America and Asia Pacific.
“We are excited to be able to provide our customers with even more sophisticated ways of handling risk in their supply network. Combining riskmethods’ cutting-edge technology for identifying potential supply disruptions with the renowned risk expertise of Zurich – not to mention preferred insurance coverage – is an invaluable way for enterprises to protect their brand, revenues and profits.”