Stefan Herschel studied Public Service Administration and Quantitative Economics and started his career in the banking industry at the former Dresdner Bank and WestLB in Germany in credit risk.
In 2006, he joined Zurich Insurance Group. Based at the Group's headquarters in Switzerland, he first worked there as senior credit risk manager and credit and market risk modelling expert.
Later, he led a number of larger projects, including IT projects, for Zurich’s Group Risk Management department.
From 2012, he accompanied various leadership roles in the Group Risk Management department at the Zurich Group. Since July 2020, Stefan Herschel has been responsible for the credit & surety business of Zurich Germany as Head of Credit Lines Germany.
In the course of his many years of work, Stefan Herschel has been heavily involved in the credit and surety business, in credit risk modelling and credit portfolio management, as well as in the implementation and application of technology and digitalisation in credit risk management.