Insurance – Zurich: Diversification works

“We avoid concentration risk” Martin Senn, Zurich

To what do you attribute Zurich’s ability to be profitable over 2008, and remain well capitalized, while others in the insurance industry are having to raise capital or turn to state funding?

The companies that have been forced to take those routes have different reasons for doing so but the biggest issue seems to be where their focus shifted to non-core activities. Zurich’s business model is diversified, and that has worked.