The Zurich Way
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The Zurich Way aspires to create a common language, methodologies, metrics and toolboxes for the core processes within Zurich. It transforms the way Zurich is doing business every day and helps to provide better services to customers in a consistent and recognisably one Zurich Way. The Zurich Way processes have been designed and developed by experienced internal practitioners and represent best practice solutions. Where we started Since its start, The Zurich Way has helped to improve Zurich’s core skills and to achieve operational excellence. These sustainable operational improvements have laid the foundation for profitable growth. Business processes Profitable growth – Zurich’s top strategic priority Growth is achieved through four global growth work streams as well as through specific regional or local initiatives by the business areas. These work streams are managed globally through an established network, applying a consistent global framework, implemented by local roll-out teams. |
Achievements
Since starting The Zurich Way journey, hundreds of process improvements have been made delivering quantifiable, sustainable operational improvements of more than US$3 billion after tax until the end of 2007. Further benefits of US$2.4 billion after tax are expected to come from over 400 improvement initiatives over the next three years. Only a minor part (about 12% in 2007) of these benefits stem from the reduction of operating expenses.
What gets measured gets done
The Zurich Way does not only deliver quantifiable benefits; it encourages people to share their knowledge and best practices throughout the organisation and to continually build their skills. This leads to an immeasurably valuable global exchange of ideas to achieve:
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| What gets measured gets done | Performance measurement What gets measured gets done! That is why all The Zurich Way initiatives are closely and rigorously monitored. To ensure sustainability, the global implementation status and benefits captured from the initiatives are assessed monthly via The Zurich Way “War Room” to always have a full picture of how improvements are being implemented group-wide, the benefits achieved as a result, the quality of The Zurich Way execution against its aspirations and in comparison to competitors’ efforts. |
