Zurich Restructure on Track
Tuesday, 05 17 2016, Category: Insurance and Reinsurance, Country: Europe
While Zurich Insurance Group’s new chief executive officer believes the insurer is on the right track in terms of growth and profit, the organizational structure remains too complicated, he suggested during an investor conference yesterday.
“Zurich is world famous for [a] complex organization—for having…triple, even four layers of matrix” on its organizational map, Mario Greco said, during his first earnings conference as a Zurich executive with analysts.
“I definitely have in mind that the organization has to be simple, and has to promote accountability and ownership of results,” Greco said.
Source: Insurance Journal