The North American practice of Zurich has appointed Peter Hahn as head of its Predictive Analytics department. Hahn comes from consulting firm McKinsey & Company, where he led the underwriting service line for its North America insurance practice.
Over the past year Zurich* has, in line with industry trends, named Big Data and predictive analytics and of its key strategic priorities. “One of the cornerstones of Zurich’s strategy is to create a competitive advantage through distinctive risk insights for risk selection and pricing that promotes profitable growth and helps our customers better understand and protect themselves from risk,” says Mary Merkel, chief underwriting officer at Zurich North America. Key initiatives rolled-out to realize this strategy include large investments in Big Data skills and techniques, the formation of a Predictive Analytics Center of Excellence and an internal transformation aimed at capturing the potential of data.
To lead the Predictive Analytics department Zurich has appointed Peter Hahn, a Principal in the Chicago office of McKinsey & Company. Over the last five years he managed the underwriting service line for its North America practice and served a wide range of US and global insurance companies on a variety of strategic and operational topics. Previously, he was part of McKinsey’s Sydney office, where he served banking and insurance companies in Australia and Korea.
At Zurich Hahn will be responsible for creating analytic capabilities that will help Zurich gain risk insight and better its business performance.
* Zurich is with roughly 55,000 employees one of the largest global multi-line insurers in the world, offering a wide range of general insurance and life insurance products.