What It Does: Zurich Insurance specialises in offering various insurance products such as life insurance and general insurance. The company also handles and manages investments for its clients. Zurich Insurance is involved in pension management.
Mission: Zurich Insurance Group's mission statement is to be at the forefront of positive impact today and create a brighter future.
Size and Presence: Zurich Insurance's workforce in the UK comprises over 4,500 employees across 14 locations in the region.
Best Known For: Zurich is best known as one of the leading multi-line insurance companies that serve clients in both domestic and global markets. Zurich is also an award-winning company. The firm bagged three awards at the 2022 edition of the British Insurance Awards.
The Good Bits: The company offers several training and leadership opportunities for its employees. Zurich has a sound welfare program that ensures its workers receive numerous incentives in addition to basic compensation. The pay is competitive, and the corporate culture is healthy. The work-life balance is excellent.
The Not-So-Good Bits: N/A
Zurich Insurance was founded in 1872 as Versicherungs-Verein, a reinsurance company which was established at the behest of the Schweiz transport insurance firm. The founders of this firm were board members of the Schweiz transport insurance firm. The following year, the company commenced operations. It added accident insurance to its service offerings three years after its inception. The company later rebranded to "Zurich" Transport- und Unfall-Versicherungs-Actiengesellschaft. 1894 was a significant year in the company's history because it was the period it earned the licenses to operate internationally. That same year, "transport insurance" was renamed accident and liability insurance.
The company was also renamed Zurich ''Allgemeine Unfall- und Haftpflicht-Versicherungs-Gesellschaft in 1894. In 1998, Zurich agreed to a merger deal with the financial arm of British American Tobacco to create Zurich Financial Services. This company has two firms, Zurich Allied AG (a Swiss company) and Allied Zurich PLC (a British company). Both firms were listed on the Swiss Market Index and FTSE 100, respectively. In 2012, Zurich Financial Services rebranded to Zurich Insurance Group. In late 2015, there was a change of leadership in the company. In late 2021, Zurich purchased Special Insurance Services in Texas. In early 2022, the firm changed its logo.
Zurich is a team. The company values its employees and treats them with respect and fairness. Zurich also embraces diversity as it's key to a healthy working environment. The company deliberately fosters a culture of excellence and seeks ways to motivate its employees to give their best. Zurich's workforce comprises various religious beliefs, ethnicities, political affiliations, genders, gender identities, sexual orientations, socioeconomic backgrounds, academic backgrounds, marital statuses, physical conditions, and so many more.
The employees are willing to support each other and collaborate on tasks. The management staff is friendly, easy to work with, and very approachable. Zurich Insurance Group's dress code is business casual.
Zurich Insurance Group wants the best for its employees, demonstrating this by offering career development opportunities. Its apprenticeship programme is designed to help school leavers develop relevant skills, earn a living, and gain real-work experience while studying to earn educational qualifications. Zurich also offers a 10-week internship programme designed to expose undergraduates to live in the company by saddling them with real job experiences and giving them an insight into the global insurance industry.
The graduate development programme nurtures freshers with grounded workplace knowledge and foundational skills, which makes them high-value employees. Through expert skills training and coaching, these graduates are transformed from inexperienced career hunters to industry leaders.
Zurich Insurance Group pays its fresh graduates an average annual salary of £32,000.
Zurich Insurance Group intends to reduce landfill and carbon emissions into the environment through its sustainability initiatives.
There's no widely published controversy involving Zurich Insurance Group in the UK.