Magazine date:
Dec 2018 Zurich Insurance is planning to reduce its operating costs by 1.1 billion USD by the end of 2018. The group says it is on the right track to achieve its target of 1.5 billion USD in savings by the end of 2019.
According to the figures provided by the group, equity rose by 12.3% in the first half of 2018.
It should be noted that Zurich Insurance [4] has initiated a program of reorganization and internal restructuring aimed mainly at reducing its operating costs. Thousands of positions have been cut as a result of this decision.