Zurich Financial Services Group is an insurance-based financial services provider with a global approach to our core businesses of general and life insurance. We offer a comprehensive range of general and life insurance products and services for individuals, small businesses, commercial enterprises, mid-sized and large corporations and multinational companies.
Providing products and services, however high the quality, is not enough in today’s world. Our declared aim is actively to evaluate change so that we can prepare for tomorrow and demonstrate thought leadership in our industry. Our Climate Initiative takes a market-based approach to addressing the risks that we and our customers face from climate change.
Carbon Capture and Sequestration has been identified as a priority technology by Zurich's Climate Change Advisory Council, which includes former heads of state, academics, economists and business leaders who advise Zurich's management on strategic and operational issues associated with climate change.
Zurich has collaborated with customers, academic experts and government officials to create two new insurance products, launched in January 2009 that are unique in the insurance market: Carbon Capture and Sequestration (CCS) Liability Insurance and the Geological Sequestration Financial Assurance. In addition we have published articles on CCS liability risk management & financial responsibility and supported an applied research program with organizations and institutions that can bring multi-disciplinary expertise to bear on the issues associated with CCS and climate change.