Zurich Insurance, second company to leave the Net-Zero Insurance Alliance

Zurich Insurance has withdrawn from the Net-Zero Insurance Alliance (NZIA), thus becoming the second founding member to leave the climate coalition after Munich Re.

After having established a standardized methodology for measuring and disclosing greenhouse gas emissions associated with underwriting portfolios, Zurich Insurance intends to dedicate its resources to assisting customers in the transition.

A week earlier, Munich Re announced its withdrawal from the NZIA due to the risk of violating competition law.