Topic:  Chapter 14 – “A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group”

Topic:  Chapter 14 – “A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group”

Overview:  This case study focuses on how Zurich uses a variety of methodologies and tools to manage its business risk. Zurich’s risk profiling is a focused and disciplined approach to identifying, assessing, and monitoring holistic risks and improvement actions needed. By embedding this methodology into its risk culture, this has helped ensure its risk management culture is consistent and effective across its various business units.

More information on Zurich’s Strategic Risk Management work can be found at https://www.zurichna.com/en/risk

Review the case study in Chapter 14 of the textbook.

Please explain the following:

  1. How do Zurich ERM tools help them better understand their existing and emerging risks?
  2. How are Zurich’s risk roles and responsibilities impacting their risk culture?
  3. Provide at least two examples of how Zurich has created new value through their ERM program.

Please ensure you refer to the rubric for specific details on the requirements for this assignment!

Guidelines for Submission: Using APA 6th edition style standards, submit a Word document that is 2-4 pages in length (excluding title page, references, and appendices) and include at least two credible scholarly references to support your findings.

ITS 835 Module Three Essay Guidelines and Rubric

Topic: Chapter 14 – “A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group”

Overview: This case study focuses on how Zurich uses a variety of methodologies and tools to manage its business risk. Zurich’s risk profiling is a focused and disciplined approach to identifying, assessing, and monitoring holistic risks and improvement actions needed. By embedding this methodology into its risk culture, this has helped ensure its risk management culture is consistent and effective across its various business units.

More information on Zurich’s Strategic Risk Management work can be found at https://www.zurichna.com/en/risk

Review the case study in Chapter 14 of the textbook.

Please explain the following:

1. How do Zurich ERM tools help them better understand their existing and emerging risks? 2. How are Zurich’s risk roles and responsibilities impacting their risk culture? 3. Provide at least two examples of how Zurich has created new value through their ERM program.

Guidelines for Submission: Using APA 6th edition style standards, submit a Word document that is 2-4 pages in length (excluding title page, references, and appendices) and include at least two credible scholarly references to support your findings. The UC Library is a good place to find these sources. Be sure to cite and reference your work using the APA guides and essay template that are located in the courseroom.

Required elements:  Please ensure your paper complies APA 6th edition style guidelines. There is an essay template located under the Information link.  APA basics:

o Your essay should be typed, double-spaced on standard-sized paper (8.5″ x 11″) o Use 1″ margins on all sides, first line of all paragraphs is indented ½” from the margin o Use 12 pt. Times New Roman font

 Follow the outline provided above and use section headers to improve the readability of your paper. If I cannot read and understand it, you will not earn credit for the content.

Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value

Zurich ERM tools Explains how Zurich’s ERM tools help them better understand their existing and emerging risks.

Provides short explanation of how Zurich’s ERM tools help them better understand their existing and emerging risks. Explanation lacks detail.

Does not explain how Zurich’s ERM tools help them better understand their existing and emerging risks.

30

Zurich’s risk roles and responsibilities

Describes how Zurich’s risk roles and responsibilities impacting their risk culture.

Provides short description of how Zurich’s risk roles and responsibilities impacting their risk culture. Explanation lacks detail.

Does not describe how Zurich’s risk roles and responsibilities impacting their risk culture.

30

Examples that have created new value through ERM

Provides examples of how Zurich has created new value through their ERM program.

Provides one example of how Zurich has created new value through their ERM program. Explanation lacks detail.

Does not provide examples of how Zurich has created new value through their ERM program.

30

Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization.

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas.

10

EARNED TOTAL 100%

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