To help protect homes against wildfires, insurers are teaming up with specialists and offering free prevention and loss-minimization services.
Zurich Insurance Group AG is expecting a "strong rebound" in profits in 2021 and may sell books of life business closed to new customers, the head of Europe's fifth-largest insurer said on Wednesday. Insurers across the globe were hit by claims from COVID-19 last year, but the impact of the pandemic on earnings was waning, Mario Greco, chief executive of Zurich, said in an interview at the Reuters Future of Insurance USA conference. Greco said the insurer was "constantly looking" to sell books of European life insurance business closed to new customers, after several such transactions in recent years.
Zurich North America today announced that its crop insurance business – Rural Community Insurance Services (RCIS) – is now connected to the popular farm data management software, John Deere Operations Center through John Deere's API Services. The connection expands RCIS' existing precision agriculture offerings and allows farmers insured through RCIS to electronically connect their field data to RCIS systems for a more seamless, accurate and secure crop insurance reporting experience.