Zurich GPS Tool

TOOLS FOR PARIMA MEMBERS

Zurich Global Program Support (GPS) Tool

PARIMA Members can access the Zurich GPS Tool via My Zurich — your global guide for international insurance program structuring, putting a world of insight at your fingertips.

If you currently do not have access to My Zurich, please click the “Sign Up” button, enter your business email address and use this code: xnaiwmhk

For those who already have a My Zurich account, you may simply enter your login details through the following link.

The Zurich GPS Tool is a key tool for insurance buyers who operate worldwide and for the brokers who support them with insurance program structuring. It simplifies the process of putting together international programs, enabling the monitoring of regulation globally as it continually evolves and helping businesses across multiple industries to ensure alignment with all laws and their out-of-territory insurer tax obligations.

It offers simplicity and clarity over numerous varieties of risk including Property, Liability, Financial Lines, accident, employee health and scopes:

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What is the Zurich GPS Tool?

In a world of increasingly global business, but where insurance regulation remains local, Zurich GPS Tool puts you in control. Your essential companion to insurance structuring, it offers total transparency of potential issues, providing insights and recommendations for solutions in a way that supports all parties involved. It provides the certainty you need to manage risk and protect your business.

With the Zurich GPS Tool, you will be able to:

Plan ahead to mitigate the effects of a potential claim

with a business impact assessment based on clear insights into loss adjustment and admitted claims activity for any of more than 180 countries and jurisdictions

Ensure your global program solution remains sustainable

Select any location and your actual or projected business scenario for an instant, actionable update on risk, including all relevant legal and financial implications.

Determine your insurance & premium tax payments

Offers guidance on all applicable requirements for your out-of-territory coverage, cutting through the complexity to save you time and resources.

Find peace of mind with assured recommendations

The Tool keeps you up-to-date with the latest solid data, so businesses like yours can plan with confidence for future development and expansion.

Read the Zurich GPS Tool newsletter to find out more about new introduced functionalities, information about the available training and learning capabilities.

DISCLAIMER

The Zurich GPS Tool is provided to PARIMA members directly by Zurich Insurance. This is subject to a separate access agreement found on the Axco Portal Page and entered into directly between Axco and the user of the service.

To the fullest extent permitted by law, PARIMA, including any of its officers, shall not be liable for any direct, indirect, incidental, special or consequential loss or damage of any nature whatsoever (including without limitation damages for loss of business profits, business interruption, loss of programs or information) or all other claims relating to or arising as a result of:

  • the services provided by Axco including any of its contractors, employees and agents;
  • Insight Risk Manager or any results obtained from its use;
  • the use or inability of any person to use Insight Risk Manager, any programs, network or other media through which Insight Risk Manager is made available; or
  • any claim attributable to any error, omission, or inaccuracy contained in Insight Risk Manager.

PARIMA cannot and does not guarantee that the use of Insight Risk Manager or any other Axco website accessible through the Axco Portal Page will not cause damage to any user’s computer or otherwise.

PARIMA cannot and does not guarantee that access to and the use of Insight Risk Manager will be uninterrupted, timely, secure and/or virus, malware or error free.

Axco Insight Risk Manager

TOOLS FOR PARIMA MEMBERS

Axco Insight Risk Manager

PARIMA members have complimentary access to Insight Risk Manager, a database of international insurance regulatory requirements developed specifically for insurance buyers. 

First-time users must register for an account on the Axco web portal to use the application and write PARIMA1611 in the department field during registration.

Only a valid corporate e-mail address will be accepted for login credentials, personal e-mail addresses will be rejected.

How can I benefit from the Insight Risk Manager?

The Insight Risk Manager holds crucial intelligence in one place, clarifying the complexities and grey areas relevant to local compliance and regulatory insurance requirements, policy conditions and payment terms. With this tool, you will be able to view regulatory requirements specific to your global insurance programmes in an easy-to-read Question & Answer format to ensure your discussions with brokers are relevant and informed. 

The Axco Insight Risk manager empowers insurance buyers to act with confidence. The expert content delivered through this application will equip risk managers with an authoritative tool to help address the key compliance concerns in the purchase of multi-national insurance programmes.

Here are some of the features of the Insight Risk Manager

Select countries and questions specific to your information requirements

Understand the regulatory requirements relevant to your insurance programmes

View content on non-admitted positions, policy conditions, reinsurance and more

Generate executive-style reports and easily export to Excel

How to Access the Insight Risk Manager​

1

Create your Axco account through this link.

2

After submitting your email address, you will receive an email to validate your account.

3

Fill in the form and insert PARIMA1611 in the Department field.

4

After submitting your registration, your access request will automatically be forwarded to Axco for processing.

5

Please look out for a confirmation e-mail with the log in details from Axco. 

6

Well done! You may now use the Axco Insight Risk Manager.

Please note that to have your access approved for the Insight Risk Manager, there are certain criteria that need to be considered:

  • Individuals must access the database for the purpose of procuring insurance cover on behalf of PARIMA Member in respect of its own risks and not in relation to its clients, insureds or customers.
  • Axco will not approve any PARIMA Member, who is engaged in activities which Axco deems to compete with any part of its business.
  • Only a valid corporate e-mail address will be accepted for login credentials, personal e-mail addresses will be rejected.
  • Approved users will need to agree to Axco’s Terms and Conditions prior to accessing the tool.
  • Access is limited to two (2) unique users per member company. Please contact Axco directly if more than two seats are required.

Frequently Asked Questions

With more than 50 years’ experience in researching and publishing industry intelligence on insurance and employee benefits information, Axco is the definitive information source for professionals in these markets around the world.

Axco’s team of consultant writers regularly visit an unrivalled network of contacts within each of the territories covered to gather intelligence and insight. Information is verified and added to by a team of in-house industry experts ensuring the information collated is relevant and truly independent.

Insight Risk Manager details information from 100 insurance markets. The chosen countries represent 99.5% of non-life global premium spend.

Axco has successfully partnered with a number of risk associations around the world. Members of the US Risk and Insurance Management Society (RIMS) and AIRMIC in the UK, are just some of the current users of Insight Risk Manager.

DISCLAIMER

Insight Risk Manager is provided to PARIMA members directly by Axco Insurance Information Services Ltd. (“Axco”) of 10 Old Broad Street, London EC2N 1DW. This is subject to a separate access agreement found on the Axco Portal Page and entered into directly between Axco and the user of the service.

To the fullest extent permitted by law, PARIMA, including any of its officers, shall not be liable for any direct, indirect, incidental, special or consequential loss or damage of any nature whatsoever (including without limitation damages for loss of business profits, business interruption, loss of programs or information) or all other claims relating to or arising as a result of:

  • the services provided by Axco including any of its contractors, employees and agents;
  • Insight Risk Manager or any results obtained from its use;
  • the use or inability of any person to use Insight Risk Manager, any programs, network or other media through which Insight Risk Manager is made available; or
  • any claim attributable to any error, omission, or inaccuracy contained in Insight Risk Manager.

PARIMA cannot and does not guarantee that the use of Insight Risk Manager or any other Axco website accessible through the Axco Portal Page will not cause damage to any user’s computer or otherwise.

PARIMA cannot and does not guarantee that access to and the use of Insight Risk Manager will be uninterrupted, timely, secure and/or virus, malware or error free.

Managing the Impact of Increasing Interconnectivity: Trends in Cyber Risk

Allianz Global Corporate Specialty Cyber Risk Trends

Managing the Impact of Increasing Interconnectivity: Trends in Cyber Risk

Despite the huge advances companies have made in cyber risk awareness in recent years, many are still playing catch-up and often do not realize how important their digital assets are until something happens.

This report highlights some of the most significant cyber risk trends currently occupying the attention of insurers, risk managers and their broker partners and how companies can be better prepared to mitigate the impact of such incidents.

A Little Less Conversation, A Little More Action

PARIMA

C-Suite Risk Conversation

A Little Less Conversation, A Little More Action

Join our panel of risk superwomen as they unpack key takeaways from the Conference and draw actionable insights for risk professionals, featuring PARIMA Board Members from Ayala Corporation, BMW-Brilliance Automotive and MTR Corporation.

Featured Leaders

Stacey Huang

Stacey Huang

Executive Director

PARIMA

Victoria Tan

Victoria Tan

Head, Group Risk Management and Sustainability Unit

Ayala Corporation

Cecilia Cheng

Cecilia Cheng

General Manager – Governance & Risk Management

MTR Corporation Limited

Sharon Shi

Sharon Shi

Manager Insurance & Risk Management

BMW-Brilliance Automotive

COVID-19 Changing Claims Patterns

AGCS COVID-19 Changing Claims Patterns

COVID-19 Changing Claims Patterns

The coronavirus outbreak has posed a unique test for commercial insurance claims. Historical patterns have been upended, while claims teams have had to maintain service levels during a period of significant operational challenges.

This report identifies some of the new claims trends that have materialized as a result of the virus, assesses the prospect for future notification activity and highlights how claims teams have responded in this new environment.

Attention turns to trade agreements for DIC/DIL as IAIS discussions stall

As discussions with the International Association of Insurance Supervisors (IAIS) struggle to gain traction, there is a real opportunity to get multinational insurance regulations, including DIC/DIL arrangements, on the table in a growing number of bilateral or regional trade agreements taking place around the world, according to risk and insurance experts. This could improve cross-border insurance regulations in the longer term and…