By Mary Sams, Senior Analysis Analyst, Triple-I
Impact Re Ltd. – a member-owned captive fronted by Zurich North America – brings collectively corporations from quite a lot of industries that share an curiosity in each danger administration and sustainable enterprise practices.
The captive is a partnership between Zurich North America and Progressive Captive Strategies (ICS). Along with being one among many largest suppliers of enterprise insurance coverage protection safety suppliers in america and Canada, Zurich North America is a part of world insurer Zurich Insurance coverage protection safety — an organization well-known for its dedication to sustainability.
Group captives allow corporations with comparable danger profiles to cut once more their insurance coverage protection safety prices by pooling danger and simplifying danger administration. Typical buildings embrace committees managing danger administration, finance, and underwriting. Impact Re offers a sustainability committee and would possibly current members greater administration and administration of auto, common obligation, and workers compensation packages, together with offering entry to administration companies targeted on sustainability from Zurich Resilience Choices (ZRS).
ZRS will conduct a sustainability evaluation of the member company’s carbon footprint and power consumption. The evaluation isn’t designed to exclude non-conforming corporations from membership nonetheless to offer baseline information within the path of which members can measure their progress within the path of their very private sustainability targets. The objective is to quantify the enterprise advantages of sustainability and converse these advantages to stakeholders.
Impact Re is among the many many many winners launched all through the Enterprise Insurance coverage protection 2023 Innovation Awards.
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