Marine and Maritime Risk Management Solutions

Marine and Maritime Risk Management Solutions

Helping organizations secure materials in transit and reduce maritime related risks.

Controlling exposures and helping prevent supply chain interruption

Zurich Resilience Solutions (ZRS) offers risk management and mitigation services for global marine and maritime exposures. ZRS Marine Risk consultants work closely with clients to provide oversight while identifying and addressing both current and future risks. Whether shipping parcels around the world, towing heavy equipment to a jobsite or operating a local marina, our team helps organizations develop appropriate controls for their unique marine exposures. Our services include supply chain security reviews, global logistics assessments, warehouse risk assessments, truck routing risk analysis, ocean vessel vetting and more.

Global supply chain and marine services are essential for businesses to navigate logistical risks within a highly complex ecosystem. Many organizations are susceptible to issues related to the movement of goods, requiring specialized solutions to ensure stability and resilience. ZRS supports better decision-making, planning and schedule orchestration to maximize financial benefits and minimize costly disruptions.

The Marine and Maritime Risk Management team serves a diverse range of industries and organizations, including vessel owners, marine cargo owners, ports, logistics companies and marine construction. By focusing on future-proofing critical operations, we aim to bring resilience and stability to our customers as they navigate an increasingly volatile world.

Customers can derive numerous benefits from ZRS' specialized risk engineering services and global awareness, which help protect vessels, cargo and operations against various marine-related risks. This helps ensure business continuity, reduce financial losses and enhance operational efficiency. Our team conducts detailed assessments and consultations to help businesses address exposures, improve safety and develop cost-effective strategies to prevent supply chain interruptions and other marine, maritime and transport related risks.

The ZRS Marine and Maritime Risk Management team collaborates with other internal specialists focused on Construction, Property, Climate, Cyber and Business Resilience to offer unique insights and solutions, helping provide comprehensive risk management for clients based on their specific needs and risk profile.

Focused on Reducing Maritime Risks

Today's supply chain has evolved into an efficient system facilitating the rapid global flow of goods, but it faces significant challenges such as cargo theft, worker shortages and cyber insecurity. Protecting supply chain continuity requires a practical balance between fast delivery and robust security. Components of this include building a resilient organizational program and hardening potential targets. Achieving this goal involves a collaborative effort among all stakeholders, including industry associations and insurers, to prevent further disruptions caused by bad actors exploiting vulnerabilities and challenging market conditions. ZRS Marine and Maritime Risk Management services offer help customers manage complex risks associated with aging maritime fleets, theft, criminal activities and delays at key locations. Additionally, our globally minded team provides innovative solutions across various modes of transport, helping identify and mitigate risks before they result in losses.

Marine and Maritime Risk Solutions

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Marine Insurance

In addition to working with Risk Engineers and other specialists on sound strategies and action plans, businesses should ensure they have appropriate Marine Insurance. Zurich offers extensive coverage programs for Ocean Cargo, Hull and Liability, and Inland Marine risk.
Learn more about Marine Insurance

Frequently Asked Questions

Marine and Logistics Risk Management involves identifying, assessing, and mitigating risks associated with the transportation and storage of goods over water and land. This includes addressing potential hazards such as natural disasters, accidents, theft, and damage to goods.
Risk Engineering in Marine and Logistics involves applying engineering principles and methodologies to design and implement strategies that minimize risks associated with shipping and logistics operations. This includes the assessment of vessel integrity, cargo handling practices, and logistics processes.
It is crucial because it helps protect assets, ensures the safety of personnel, minimizes financial losses, and maintains supply chain continuity. Effective risk management can also lead to better insurance terms and reduced premiums.
Common risks include weather-related incidents, piracy, cargo theft, accidents during loading/unloading, equipment failure, and regulatory compliance issues.

This solution is available in the United States but may not be available in other jurisdictions. For solution needs outside the United States, contact Zurich to be connected with a Zurich Resilience Solutions representative where available.