Riskmethods, a pioneer in supply chain risk management has partnered with Zurich Insurance Group and announced an agreement that provides Zurich’s commercial customers with new supply chain risk management services.
The agreement allows the Zurich clients to identify, mitigate, and transfer risks within their supply chain network. On the other hand, Riskmethods solutions provide full transparency of potential threats that can have adverse effects on the businesses. Examples could be geopolitical and economic risks, cyber risks, natural disasters, and supplier risks. Real-time monitoring of global data sources includes information from online media, third-party risk data, combined with AI-based technology, automates risk detection and ensures relevancy. With the help of these, users can make better and informed decisions during any risk events so that they can avoid unplanned and unnecessary costs.
Rob Kuchinski, Global Head of Property and Energy at Zurich, said: “We are committed to offering our customers solutions that go beyond risk transfer. This new offering is a great example of how Zurich is focused on customers’ needs by combining the highly complementary skill sets of our Risk Engineers and scientists with the state-of-the-art artificial intelligence services available through Riskmethods.”
Zurich has planned to make their new supply chain risk management services available to their customers in Europe and aim to expand this year in additional countries across Zurich operations in the United States, Latin America, and the Asia Pacific.
Heiko Schwarz, Founder and Managing Director at Riskmethods, added: “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.”
Riskmethods is also known for providing a SaaS solution that helps companies of all sizes to assure supply, maintain compliance, and protect the organization’s revenue and reputation. They are on a mission to create reliable supply networks around the globe.