Zurich Australia is intensifying the battle for market share in commercial lines by using its upgraded online platform to cut pricing by as much as 20%.

Head of SME & Packages Business Shaun Feely says Zurich is using the more efficient underwriting and processing facilities available through Z.streamXpress.

The new pricing strategy “focuses on driving business growth and supporting our broker partners on risk appetite, pricing and ease of doing business”.

Mr Feely says the pricing and risk appetite project “makes Zurich relevant to at least 800 in every 1000 quotes”.

Zurich is also reviewing more occupations and will add more products on to the platform in the near future.

Occupations covered in this stage of the strategy include retail trade (low hazard), wholesale trade, property and business services, transport and storage, construction and manufacturing.