Zurich Hazard Analysis

Zurich Hazard Analysis

A multi-stakeholder approach to identify and prioritise hazards. The analysis includes scenario-based loss estimates and mitigation actions.

Identify and Manage your Risks

The Zurich Hazard Analysis (ZHA) is a powerful method for systematically identifying and managing all types of risks, and understanding what the hazards are and how to prioritise and mitigate against these.

The ZHA can also be applied in a variety of contexts including product design, plant operations and business continuity. It relies on the in-house expertise of those who are most knowledgeable about the component, product or process being analysed. Its ability to reveal risks makes it one of the most powerful risk management tools. With the ZHA, you make all the key decisions yourself: you determine the gravity of the risks identified and you decide what level of risk you’re prepared to tolerate. This level of involvement increases risk awareness and builds confidence in the results of the analysis, making it easier to develop tailormade risk improvement measures.

What Zurich Resilience Can Deliver For You

  • The scope of the ZHA describes both the content and the boundaries of the product, process or components to be analysed

  • Takes less time than other methodologies, because it focuses on risk(s) that you have defined as intolerable

  • Scenarios are developed as the team brainstorms through a ‘Pathway’, a defined route through the scope of the analysis

  • Improvement actions are devised to eliminate or reduce risks within your tolerance boundary

  • The risk scenarios are re-ranked to take into account the improvement actions. This then defines your target risk profile

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