>>
Home / Knowledge / News / Textiles / Zurich offers supply chain insurance in Asia Pacific
Zurich offers supply chain insurance in Asia Pacific
19
Oct '16
Zurich Insurance has launched Zurich Supply Chain insurance, a first-of-its-kind solution in the Asia Pacific region, to provide risk assessment services and protect businesses against the risks associated with supply chain management disruptions, delays or failures. The service is now available for eligible customers based in Hong Kong and Singapore.

Supply Chain insurance is designed to help reduce the number of supply chain failures and provide cover in the event of an incident whereby supplies are not delivered or are otherwise delayed resulting in a financial impact on a company's operations. It is an all risks cover, focusing on incidents outside of the insured's control, including disruptions related to both physical and non-physical damage, through to the lower tiers of the supply chain.

“Many organisations are not aware who their key suppliers are, especially in the lower levels of the supply chain, and very few have visibility over their entire supply chain. Half of supply chain disruptions occur beyond the preliminary supplier of goods, therefore making it extremely difficult to establish where an organisation lies within its suppliers' priorities,” said Hassan Karim, technical underwriting manager, Zurich Asia Pacific.

“Effective supply chain risk management can present significant benefits to businesses and is becoming an increasingly important driver of their profits. Every customer's supply chain is different so we work with them to shape the appropriate solution and offer an individually tailored policy to meet their specific needs,” he added.

There are two components to the proposition - risk assessment and insurance. In the first phase, Zurich risk engineers conduct a comprehensive supply chain risk assessment in order to identify and evaluate customers' exposure to critical risks throughout their supply chain and prioritised mitigation actions are recommended.

The results of this risk assessment together with other sources of data are then used to underwrite and price the risk in the second phase. Claims are managed by the Zurich claims team and supported by specialist third parties where necessary.

Zurich Supply Chain insurance was launched in Europe and North America over six years ago. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock.com

Apparel/Garments | On 26th May 2022

US apparel import from India jump 44% in March compared to Oct ’21

Apparel imports of the United States from India stood at $625.830...

Pic: Shutterstock

Textiles | On 25th May 2022

New York senate passes bill to ban harmful PFAS in apparel

The New York State senate recently passed a bill that prohibits the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Zuzana Gombošová,

Zuzana Gombošová

Started as a research project in 2015, everything at Malai starts with...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Barbara Biosah, Label - Dumebi

Barbara Biosah
Label - Dumebi

Label DUMEBI is a luxury womenswear brand specialising in unconventional...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Frederick Anderson, Brand - Frederick Anderson

Frederick Anderson
Brand - Frederick Anderson

New York-based designer Frederick Anderson has been in the fashion...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Decathlon
Centric Software
Lisa S.P.A.
Sportswear Company Spa
SHAHI Exports Pvt Ltd
Boardriders Asia Sourcing Limited
Aramark Uniform ;& Career Apparel, LLC
Hirdaramani International Export Private Limited
BTSR International S.P.A.
PVH Corporation
H. Stoll AG & Company KG
Target Corporation (MN)
NITI Aayog
Permoda(Koaj/Armi/Pronto/Bkul)
Color Service s.r.l.
FESPA (Reigate)
Aquarelle Clothing Limited
Dow Silicones Corporation
Chori Company Limited
Tradewind International Servicing
Tory Burch Hong Kong Ltd
Comasia Limited
Shima Seiki Mfg. Ltd.
International Textile Manufacturers Federation
MAS Active / MAS Kreeda / MAS Bodyline
Xtema - Thomas Lebherz Textilmaschinen
Thai Trade Center
Equinox Impex India
Alison Hayes Romania
Splash
ZAITEX spa
Asos
EMBEE CORPORATION
Huntsman (Singapore) Pte Ltd
Istanbul Fuarcilik A.S.
T.T. Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Puma
Mayer & Cie. GmbH & Co. KG
Rieter India Private Limited
Colours India Inc
Sateri (Jiujiang) Fiber Co.,Ltd
COTTON COUNCIL INTERNATIONAL
Alix Partners
Seasalt Limited
Guess Europe Sagl,
Esprit Europe Services GmbH
Brückner Trockentechnik GmbH & Co. KG
BIMBA ;& LOLA SL
TÜYAP IHTISAS FUARLARI A.S.
John Varvatos
TEXVALLEY MARKET LIMITED
NV Michel Van de Wiele
KIABI
Gloria Jeans
IKEA of Sweden AB
Indo Tex
Green Fibre
Marzoli Machines Textile s.r.l.
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Phong Phu international JSC (PPJ)
Indofil Industries Limited - Specialty & Performance Chemicals Division
The LYCRA Company Singapore  Pte. Ltd
Calvin Klein
Sainsbury's Argos Asia Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
G-Star Raw C.V.
Lifestyle
IIGM Private Limited
Coats Digital Limited
LC Waikiki
Mesdan SPA
K AND D ITMACH EXPOSITIONS LLP
UBM China (Shanghai)
Bluesign Technologies Ag
Tommy Hilfiger
Rayonese Textile Inc., Division de Culp Inc.
Bluestem Global Sourcing Limited
TESTEX AG, Swiss Textile Testing Institute
Haelixa AG
DyStar India Pvt. Ltd
Gap International Sourcing Limited
BTC Textiles LLC
Flainox S.r.l.
Maceton Limited
Datatex Consulting Srl
H;&M Hennes ;& Mauritz (Far East) Ltd
Reiter India Private Limited
Zydex Industries
Infor (Hong Kong) Limited
Restoque S.A.
Vardhman Textile Ltd
Copenhagen Fashion Summit
Jiangsu Yingyang Nonwoven Machinery Company Limited
Amazon China
GIOVANNI BOZZETTO S.p.A.
BIANCA
Under Armour Global Sourcing Ltd
GERBER TECHNOLOGY LTD.
Italian Trade Commission
Savio Macchine Tessili S.P.A.
SYNERGIES HONG KONG LIMITED
Midas Clothing Limited
Tuyap Tum Fuarcilik Yapim A.S.
Varner AS Retail
JES MEDIA, INC
Gokaldas Exports Limited
Jindal Worldwide Limited
Etam Group Strategy Hong Kong Limited
Thermore (Far East) Ltd.
Lectra Technologies India Pvt Ltd.
Lululemon Athletica Inc
KAS Direct Sourcing
Performance Days
Walmart
J ;& P Coats
IDH – The Sustainable Trade Initiative
Pt. Peraga Nusantara Jaya Sakti
Recron Polyester from Reliance Industries Limited
FULGAR SpA
THE BOMBAY DYEING ;& MFG.CO. LTD
Loris Bellini S.r.l.
The Top Form Brassiere Manufacturing Company Limited
Nihalani Events Management
Messe Frankfurt Exhibition GmbH
Babyshop
Truetzschler India Private Limited
Karl Mayer Textilmaschinenfabrik GmbH
N9 World Technologies Private Limited
Itema Weaving (India) Private Limited
Brandix Lanka Limited
Chico’ FAS
IFF Media Ag - International Media Services
Nandan Denim Limited
Shanghai  Aige Exhibition Service Co., Ltd
The LYCRA Company Singapore  Pte. Ltd
VNU Exhibitions Asia
Groz-Beckert KG
Palexpo SA
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Eurofins BLC Leather Technology Centre Ltd
Hela Clothing Pvt Ltd
Aleph Srl
Thai Acrylic Fibre Company Limited
CGS Inc.
EPCH
Desigual - ABASIC, S.A.
Newtech Textile Technology Development (Shanghai) Company Limited
OVS Hong Kong Sourcing Ltd.
Kornit Digital Asia Pacific Ltd
Vianney Textil Hogar S.A. De C.V.
Applied DNA Sciences Inc
Grasim Industries Limited
Lenzing Aktiengesellschaft - India
Groz-Beckert East Asia LLP
USTER
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Lacoste (Wanchai)
Kern – Liebers Textile
Cat Tuong Real Estate Group Joint Stock Company
Tchibo GmbH
Officina Meccanica Dora Enrico Srl
Lenzing Aktiengesellschaft
Sportmaster Ltd.
Page Industries Limited (Bangalore)
Abit
Woolmark Services India Pvt. Ltd.
Zünd Systemtechnik AG
CSGIA(China Screen Printing & Graphic Imaging Association)
International Sourcing Expo Australia
Datacolor AG Europe
Helly Hansen Far East Ltd
Arvind Limited
Weitmann & Konrad GmbH & Co. KG
Inter Expo Center Ltd.
BRINKMANN GMBH
APLF Limited
Recron Polyester from Reliance Industries Limited
TESCO INTERNATIONAL SOURCING LIMITED
Gatsby Africa
G.A.S. unternehmenskommunikation gmbh
Lottmann Communications
X-Rite Asia Pacific Limited (HK)
EUROVET ASIA LTD
Landmark Group
ITMA Services Pte Ltd
Meera Dyestuff Industries
DuPont de Nemours, Inc.,
Stahl Holdings B.V.,
China World International Exhibition Company Limited
Messe Duesseldorf
GHCL LIMITED
Benetton Group
C;&A Sourcing International Ltd
Rosset ;& Cia Limited
Eastman Chemical Company
Taiwan Textile Federation (TTF)
Saurer Textile Solutions Pvt. Ltd.

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search