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Zurich partners with leading Australian electric truck manufacturer


23 March 2023

Zurich Financial Services Australia (Zurich) today announced an innovative new partnership to provide risk engineering and resilience services to leading Australian zero-emissions truck manufacturer, SEA Electric.

Through the partnership, SEA Electric customers will have access to Zurich Resilience Solutions’ (ZRS) team of more than 800 risk engineers for pre-purchase advice, risk assessment services and driver training. Zurich customers and brokers will also be able to access the expertise and experience of SEA Electric as commercial fleets seek to transition to zero emissions.

ZRS provides specialised insights and tools – above and beyond insurance – to help companies across a wide range of industries manage traditional and evolving risks to become more resilient. Services are provided across a number of domains, including: climate change resilience; supply chain risk; and cyber security.

Australian-based SEA Electric specialises in the assembly and full electrification of commercial vehicles. Since launching in 2012, the company has released several models of medium and heavy-duty commercial electric vehicles, globally and locally, ranging from delivery and garbage trucks to school buses, shuttle buses and passenger vans.

Mervyn Rea, Head of ZRS Australia & New Zealand, said: “We are delighted that Zurich’s leading risk and resilience capability is supporting commercial EV uptake in Australia. Zurich and SEA Electric share a common commitment to improving the sustainability and resilience of our customers and community and this agreement presents an important opportunity to further this.”

Joe Di Santo, Sales Director for SEA Electric in Australia, said: “SEA Electric is a leader in Australia’s shift to sustainable transport so we take our responsibility of connecting customers with reputable and proven organisations seriously. Zurich is highly respected within the industry and their offering will complement, enhance and complete the acquisition of SEA Electric vehicles.”
 

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Zurich Financial Services Australia is a life insurance, commercial insurance and investments specialist that has been participating in the Australian market since 1920. Since its acquisition of OnePath Life from ANZ in 2019, the company provides life insurance to more than 1.5 million Australian customers under both the Zurich and OnePath Life brands.  Further information about Zurich Financial Services Australia is available at www.zurich.com.au.
 

Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.

Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.

The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.

About SEA Electric

SEA Electric is an Australian company with a global reach specializing in the assembly and 100% electrification of commercial vehicles worldwide. Dealing directly with vehicle users and working alongside automotive OEM’s, SEA Electric supplies and licences patented technology. SEA Electric was founded in 2012. After four years of product development and testing, SEA Electric launched its commercial operations in early 2017, triggered by the reduction in battery kWh pricing, allowing for commercial feasibility in offering electric drivetrains to the global market. information on SEA Electric available at www.sea-electric.com/en_au.