Zurich Insurance’s reinsurance partners will “feel the bite” this year as the insurer reduces the size of its reinsurance panel, Paul Horgan, global head of group reinsurance at Zurich Insurance, told Monte Carlo Today.
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 are looking at the next generation of insurance."