Insurance giant Zurich is to shrink its reinsurance portfolio by 20 as a cost savings measure , as it looks towards cyber , IoT and Industry 4.0 as a potential future source of revenue . Speaking to Intelligent Insurer , global head of global reinsurance , mark Horgan , commented " Everyone is talking a lot about cyber and " Industry investing " . We"re very interested in it and so are our customers , but we haven"t really locked a product down that addresses our customers " needs . Until we unlock that investment , we"re not going to be able to unlock that capital . "
Insurance giant Zurich is to shrink its reinsurance panel by 20 as a cost cutting measure, as it looks towards cyber, IoT and Industry 4.0 as a potential future source of revenue. Speaking to Intelligent Insurer, global head of group reinsurance, Paul Horgan, commented "Everyone is talking a lot about cyber and "Industry 4.0". We"re very interested in it and so are our customers, but we haven"t really locked a product down that addresses our customers" needs. Until we get that right, we"re not going to be able to unlock that capital."