Zurich’s foundation endows new professorship for risk and insurance economics at ETH Zürich
Zurich - Zurich Financial Services Group (Zurich) announced today that its Z Zurich Foundation (the Foundation) has signed an agreement with ETH Zürich (ETH) to endow a new professorship for Risk and Insurance Economics in the field of Integrative Risk Management. This emerging discipline seeks to establish an integrated view of the diverse risks economies, enterprises and individuals face, and to develop ways to assess and improve the understanding of such risks and their interdependencies.
“With the endowment of the new ETH professorship in Risk and Insurance Economics we aim to contribute to basic research in the field of integrative risk management. The endowment will allow ETH to combine know-how and research expertise to gain important insights into questions that will confront the insurance industry in coming years”, said Martin Senn, Zurich’s Chief Executive Officer and Chairman of the Foundation’s Board.
The new professorship will be established as part of the Centre for Integrative Risk Management. This endowment by the Foundation is an important step for the ETH allowing it to further accelerate its integrative risk management initiative and involves a donation of two tranches of CHF 3 million, payable over 3 years per tranche.
Additional information about this cooperation can be found here.
The Z Zurich Foundation’s mission is to equip people with the knowledge and resources to better manage change and risk in their lives and in the world around them. On a strategic level it develops long-term partnerships with selected Non-Profit Organizations. The Foundation’s focus is on the interlinked challenges of climate change, water scarcity, food security and economic development, combining Zurich’s global experience and risk management capabilities with the Non-Profit Organizations’ local knowledge and sustainable development expertise. The Foundation is a private foundation under Swiss law funded by Zurich Insurance Company Ltd and Zurich Life Insurance Company Ltd.
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia-Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries.
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