Circularity.fm

Business Interruption Insurance: When Circularity Pays Off

Enabling Circularity Through Insurance How do circular practices enable better risk management and what's that means for insurance premiums? Nadin-Shirin Zimmermann from Nexarus breaks down the business logic of insurance products and where circularity changes the equation. Before founding Nexarus, she spent years as a corporate underwriter at Allianz and XL Capital. What you'll hear in this episode: • How business interruption insurance actually works and what drives the premium. • Why climate liability is a growing risk and how circular design reduces exposure. • What 10 years of research show about ESG-driven companies outperforming their peers. Listen now to understand why staying linear may be the largest uninsurable risk a company faces. This is the last episode in the series Enabling Circularity Through Insurance. People Nadin-Shirin Zimmermann, Circular Business Activator at Nexarus https://www.linkedin.com/in/nadinzimmermann/ [https://www.linkedin.com/in/nadinzimmermann/] Patrick Hypscher, Circular Business Strategist, PaaS Expert https://www.linkedin.com/in/hypscher/ [https://www.linkedin.com/in/hypscher/] Chapters 0:00 Intro 0:40 The Role of Insurers in Enabling Business Transformation 11:50 Climate Liability - What's Affected by Circular Practices 15:16 Link Between Circularity and Risk Management 16:35 Understanding BI - Business Interruption Premium 17:22 Risk Management and Lower Premiums 20:17 Accumulated Risks Within the Supply Chain 24:40 ESG Role in Business Performance & 5 Reasons for Circular Practices 36:13 Outro About Nexarus is a German circular-economy and strategy consultancy focused on the Mittelstand. It aims to help mid sized companies grow through circular business models, responsible value creation and decisions that strengthen long term competitiveness. Its approach is built around connecting business reality with circular value creation and working alongside client teams rather than only advising from the outside. Nexarus also works with a network of partners across innovation, sustainability, compliance and circular economy, and stays in exchange with research and innovation ecosystems. Further Links Get to know more about Nadin’s work: https://nexarus.de/ [https://nexarus.de/] One-page Summary Sign-up for the Circularity.fm Newsletter and get a summary with the take-aways of this episode. Register here: https://circularity.fm/episode/business-interruption-insurance-when-circularity-pays-off/ [https://circularity.fm/episode/business-interruption-insurance-when-circularity-pays-off/]

Insurance Claims: How Tryg Made Repair the Default Choice

Enabling Circularity Through Insurance Can an insurance company make repair the default choice across the entire supply chain? Søren Frederiksen from Tryg explains how a repair-first claims policy was built and scaled across Denmark, starting from a market where nine out of ten damaged car bumpers were replaced instead of repaired. What you'll hear in this episode: * Why repair in insurance claims is rarely more expensive than replacement, and often reduces cost, CO2 emissions, and improves customer satisfaction at the same time. * How cross-country benchmarking data created the proof of concept that got workshops and suppliers on board. * What it took to change an industry default: financial incentives per repaired item, access to training, and continuous follow-up. You’ll also learn why making repair financially attractive for suppliers, not just environmentally preferable, is what moves adoption in practice. This is the second episode in the series Enabling Circularity Through Insurance. The series looks at the concrete levers insurance companies hold, from risk assessment and advisory services to product design and claims policies, and how these can enable circularity. People Søren Frederiksen, Director, Sustainable Supply Chain at Tryg https://www.linkedin.com/in/s%C3%B8ren-frederiksen-29647a52/ [https://www.linkedin.com/in/s%C3%B8ren-frederiksen-29647a52/] Patrick Hypscher, Circular Business Strategist, PaaS Expert https://www.linkedin.com/in/hypscher/ [https://www.linkedin.com/in/hypscher/] Chapters 00:00 Intro 02:58 Introduction to Tryg 04:06 Repair in the Claims Process 08:02 Benefits of Repair First 12:48 Case Study: Car Bumper Repairs 16:34 Scaling Repairs with Data and Collaboration 19:06 Barriers, Outlook and Beyond Repair About Tryg A/S is a Scandinavian insurance company present in Denmark, Norway, Sweden and Finland. The company is the largest provider of general insurance services in the Nordic countries. Further Links Know more about Tryg: [https://tryg.com/sites/tryg.com/files/2025-01/Annual Report 2024 - TRYG AS.pdf](https://tryg.com/sites/tryg.com/files/2025-01/Annual Report 2024 - TRYG AS.pdf) One-page Summary Sign-up for the Circularity.fm Newsletter and get a summary with the take-aways of this episode. Register here: https://circularity.fm/episode/insurance-claims-how-tryg-made-repair-the-default-choice/ [https://circularity.fm/episode/insurance-claims-how-tryg-made-repair-the-default-choice/]

Climate Resilience: How Allianz Evaluates Supply Chains

Enabling Circularity Through Insurance How does climate risk exposure connect to supply chain decisions, and where does circularity come in? Michael Bruch, Global Head of Risk Consulting Advisory Services, and Lena Fuldauer, Head of Resilience & Business Development at Allianz Risk Consulting, talk about how companies can assess climate risk across their locations and supply chains, and what role circular strategies play in strengthening supply chain resilience. What you'll hear in this episode: • How companies use location-level climate risk data to spot vulnerabilities within the supply chain and compare potential investment sites. • Why the most productive conversations happen when risk managers and sustainability teams work together. • How circular approaches like battery recycling reduce dependence on geopolitically concentrated raw materials. This episode opens the series Enabling Circularity Through Insurance. The series looks at the concrete levers insurance companies hold, from risk assessment and advisory services to product design and claims policies, and how these can enable circularity. People Michael Bruch, Global Head of Risk Consulting Advisory Services at Allianz Commercial https://www.linkedin.com/in/michael-bruch-30b408114/ [https://www.linkedin.com/in/michael-bruch-30b408114/] Lena Fuldauer, Head of Resilience & Business Development at Allianz Risk Consulting https://www.linkedin.com/in/lena-fuldauer/ [https://www.linkedin.com/in/lena-fuldauer/] Patrick Hypscher, Circular Business Strategist, PaaS Expert https://www.linkedin.com/in/hypscher/ [https://www.linkedin.com/in/hypscher/] Chapters 0:00 Intro 5:28 The Risk Landscape Today 7:52 Learning from Near-Failure 10:45 Rising Catastrophe Losses 12:26 The Insurance Gap 14:21 Hazard, Exposure, Vulnerability 16:34 What is CAReS? 22:56 Circular Supply Chains, Lower Risk 28:26 Location Over Industry 34:47 Finding Allies Inside Companies 38:28 Circularity in Insurance: The Outlook 40:35 Outro About Allianz Commercial is the corporate insurance business of Allianz Group, serving mid sized companies, large enterprises and specialist risk clients through insurance solutions designed for complex commercial exposures. It combines global reach with local market expertise and positions itself not only as an insurer, but also as a partner supporting clients through risk management, resilience building and sustainability related transformation. Allianz Risk Consulting (ARC) provides the technical and advisory side of risk management, helping companies identify, assess and mitigate operational and strategic risks through services such as engineering surveys, risk assessments, loss prevention and technical guidance. In the context of circular economy, Allianz Commercial and Allianz Risk Consulting engage with circular business models as part of broader work on resilience, risk reduction and sustainable value creation, including contributions to the 2024 white paper The Business Case for Circular Economy. Further Links Know more about Allianz: https://commercial.allianz.com/services/risk-consulting/cares.html [https://commercial.allianz.com/services/risk-consulting/cares.html] https://commercial.allianz.com/content/dam/onemarketing/commercial/commercial/reports/business-case-for-circular-economy.pdf [https://commercial.allianz.com/content/dam/onemarketing/commercial/commercial/reports/business-case-for-circular-economy.pdf] One-page Summary Sign-up for the Circularity.fm Newsletter and get a summary with the take-aways of this episode. Register here: https://circularity.fm/episode/climate-resilience-how-allianz-evaluates-supply-chains/ [https://circularity.fm/episode/climate-resilience-how-allianz-evaluates-supply-chains/]

Circularity at Airbus: How SecondLife Cuts Waste and Costs

Irresistible Circular Business How can a reuse marketplace for unused industrial assets reduce costs and waste at scale? In this episode, Nathalie Clement, Amanda Fiorillo, and Bernd Schmid from Airbus Defence and Space explain how Airbus built SecondLife, a digital platform where employees trade unused equipment. In three years, 160 tons of waste were avoided and 1,600 tons of CO₂ were saved. What you'll hear in this episode: • How Airbus structured a three-step reuse strategy: internal marketplace, external resale and supplier buyback, and donation as a last resort • Why the financial case is central: a 150% ROI over three years and €1.5 billion in asset value exchanged internally • How KPIs turned a pilot into a scalable system across the company Featured in this episode is also Heiko Tullney from Indeed Innovation as co-host. This is the final episode of the Irresistible Circular Business series, produced in partnership with Indeed Innovation, the global design and innovation firm pioneering the circular economy. People Nathalie Clement, Environmental Projects Coordinator https://www.linkedin.com/in/nathalie-clement-mac-farlane-98081b2/ [https://www.linkedin.com/in/nathalie-clement-mac-farlane-98081b2/] Amanda Fiorillo, Business Digital Improver for Industrial Systems https://www.linkedin.com/in/amanda-fiorillo-2a83561/ [https://www.linkedin.com/in/amanda-fiorillo-2a83561/] Bernd Schmid, Program Manager Transformation Space Systems at Airbus https://www.linkedin.com/in/bernd-schmid/ [https://www.linkedin.com/in/bernd-schmid/] Heiko Tullney, Executive Director at Indeed Innovation https://www.linkedin.com/in/heiko-tullney/ [https://www.linkedin.com/in/heiko-tullney/] Patrick Hypscher, Circular Business Strategist, PaaS Expert https://www.linkedin.com/in/hypscher/ [https://www.linkedin.com/in/hypscher/] Chapters 00:00 Intro 04:31 Airbus and Its Circularity Strategy 07:29 How SecondLife Started and How It Works 15:45 Getting Buy-In and Building Internal Traction 22:12 Commercial and Circular Impact 25:51 External Resale: Strategy, Buyers, and Compliance 37:05 External Commercial Impact and Donation 41:40 What Makes SecondLife Irresistible 42:55 Outro About Airbus is one of the world's largest aerospace and defence companies, designing and manufacturing commercial aircraft, helicopters, military transports, and satellites. Headquartered in the Netherlands, the company generated €69.2 billion in revenue in 2024 and employs around 150,000 people across more than 180 countries. Convinced that digital technology is a powerful accelerator for sustainable transformation, Airbus developed SecondLife, an internal digital marketplace that allows employees to give unused industrial assets a new purpose rather than sending them to waste. The platform is part of Airbus's broader "Digital for Green" strategy and has expanded across all major divisions, with ambitions to eventually open to external partners. Further Links ReCommerce Playbook https://www.indeed-innovation.com/the-recommerce-playbook-from-returns-to-revenue/  [https://www.indeed-innovation.com/the-recommerce-playbook-from-returns-to-revenue/] One-page Summary Sign-up for the Circularity.fm Newsletter and get a summary with the take-aways of this episode. Register here: https://circularity.fm/episode/circularity-at-airbus-how-secondlife-cuts-waste-and-costs/ [https://circularity.fm/episode/circularity-at-airbus-how-secondlife-cuts-waste-and-costs/]

Breitling Rewind: Repair as a Heritage Business Model

Irresistible Circular Business Can the value of a product increase over time instead of declining? In this episode, Aurelia Figueroa, Chief Sustainability Officer, and Gianfranco Gentile, Global Head of Heritage at Breitling, discuss how heritage, repair, and brand identity interact to create a circular model where product value appreciates over decades. The episode is co-hosted by Karel J. Golta, Executive Director at Indeed Innovation. What you'll hear in this episode: -How Breitling's Rewind program sources, restores, certifies, and resells vintage watches, and why the company treats it as a cultural mechanism that reinforces demand for current production -How Breitling frames circularity as a driver of value creation -How valuing heritage and product longevity can become business assets This is the fifth episode in the series Irresistible Circular Business, sponsored by Indeed Innovation, the global design and innovation firm pioneering the circular economy. The series showcases business practices that deliver irresistible commercial and circular results, with examples from different industries across different R-strategies. People Aurelia Figueroa, Chief Sustainability Officer https://www.linkedin.com/in/aurelia-rochelle-figueroa/ [https://www.linkedin.com/in/aurelia-rochelle-figueroa/] Gianfranco Gentile, Global Head of Heritage at Breitling https://www.linkedin.com/in/gianfranco-g-m-gentile-275805b/ [https://www.linkedin.com/in/gianfranco-g-m-gentile-275805b/] Karel J. Golta, Executive Director at Indeed Innovation https://www.linkedin.com/in/karelgolta/ [https://www.linkedin.com/in/karelgolta/] Patrick Hypscher, Circular Business Strategist, PaaS Expert https://www.linkedin.com/in/hypscher/ [https://www.linkedin.com/in/hypscher/] Chapters 00:00 Introduction 05:32 Circularity in the Watch Industry 09:30 The Role of Heritage and Product Lifetime 10:13 Appreciating Assets: Examples from Breitling's Icons 14:30 Circularity and Joy Within Breitling's Processes 18:05 The Rewind Vintage Program 21:28 Sourcing and Restoring Heritage Watches 23:18 Combining Storytelling with Sustainability 27:29 What Makes the Business Side of Circularity Irresistible 31:06 Heritage and Rewind as Brand DNA 36:45 Irresistibility and Takeaways 44:23 Outro About Breitling is a Swiss watchmaker founded in 1884 and headquartered in Switzerland. Active in the luxury goods and jewelry industry, the company is known for its technical watches and chronographs, especially designs linked to aviation, land and sea. On circularity, Breitling frames its strategy as “sustainable luxury,” structured around the pillars Product, Planet, People, Process and Prosperity. Its circular-focused actions include using recycled and responsibly sourced materials where possible, reducing waste and plastics in packaging and operations, and treating long-lasting, repairable watches and heritage-oriented collections as a core sustainability lever by designing products to be maintained, serviced and kept in use. Further Links ReCommerce Playbook: https://www.indeed-innovation.com/the-recommerce-playbook-from-returns-to-revenue/ [https://www.indeed-innovation.com/the-recommerce-playbook-from-returns-to-revenue/] One-page Summary Sign-up for the Circularity.fm Newsletter and get a summary with the take-aways of this episode. Register here: https://circularity.fm/episode/breitling-rewind-repair-as-a-heritage-business-model/ [https://circularity.fm/episode/breitling-rewind-repair-as-a-heritage-business-model/]