Generali Group overview

The Generali Group (known in Italy as Assicurazioni Generali) is one of the most significant players in the global insurance and financial products market. Founded in 1831 in Trieste, Italy, the Group operates a multichannel distribution strategy through a global proprietary sales network of agents, financial advisors and brokers, supported by bancassurance and direct channels (internet and telephone) where it is Europe’s leader.

Now present in more than 60 countries, Generali has consolidated its position among the world’s leading insurance operators, with significant market shares in western Europe – its main area of activity – and particularly in Germany, France, Austria, Spain, Switzerland and Central and Eastern Europe. The Group has also set up offices in the main markets of the Far East, including India and China.

Its Brazil arm was in the news in mid-2019 after launching 'Smart Auto', a flexible motor insurance proposition that analyses and scores how a person drives, offering insurance discounts of up to 30% to safe drivers. The app is powered by MyDrive Solutions, a UK venture that was acquired by the Generali Group in 2015.

In its core insurance business, the Generali Group is primarily focused on the life segment, where it is the European leader. Its offer ranges from savings and family protection policies to unit-linked policies and complex plan for multinationals. In the non-life segment, its portfolio ranges from mass-market coverage such as Car, Home, Accident & Health, to sophisticated commercial and industrial risk coverage.

Generali is a leader in the retail segment and it is increasing its contribution to the commercial and corporate business, in which it serves medium and large companies at international level leveraging the Group’s global reach and its strong ties with international brokers. In addition, Generali is among the world’s major players in the field of assistance, through the Europ Assistance Group, which provides worldwide services in the motor, travel, health, home and family lines of business.

In 2019 Generali announced a strategic partnership with Google, through which the companies will create and innovate a cloud-based platform of customised products and services. Though originating in the Italian arm of the company, the partnership will ultimately extend to and benefit the entire Generali Group.

Generali launched an Innovation Fund in January 2020 to help foster a culture of innovation across Generali, with Group Chief Digital Officer Steven Zuanella leading the project. Anyone at Generali is eligible to apply; the only requirement is "a good idea".

Generali strategically partnered with Ticinum Aerospace in November 2020 to develop Deep Property, a new solution which provides satellite data and street-level images. When combined with Generali's AI-powered risk modelling processes, it extracts property information to enable Generali help end-customers mitigate natural catastrophe risks, and further strengthening Generali's underwriting and claims capabilities.

In March 2021 it was announced that a new €24m healthtech ecosystem would be launched by Generali Sanofi, Capgemini, and Orange in June 2021 to promote and accelerate new solutions in Europe. The project will focus on selected themes for 1-2 year periods, and aims to bring together the founding companies, as well as other organisations and startups from across the healthcare, insurance, technology and education sectors. The ecosystem will promote knowledge and technology sharing and will develop new solutions from scratch.

Also in March 2021, Generali partnered with YAS Digital for Hong Kong's first passenger microinsurance product, RYDE, which includes coverage for public transport like buses, taxis and ferries. The on-demand cover, which can be activated through one tap of the app, aims to help better protect people on busy roads - Hong Kong has an average of 44 traffic accidents a day.

That same month, Generali France announced a multi-year partnership with insurtech Akur8, to leverage the latter's proprietary transparent AI-powered pricing solution in Generali's rate-making capabilities. The move will enable Generali France to increase their modeling speed by 5x, significantly reducing time-to-market.

Map showing the location of Generali Group

Trieste, Italy

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Key people

Mario Ricco Head of Global Claims
Moshe Tamir Head of Global Sales and Innovation
Eric Lombard Director General, Generali France
Jean Latty Group Head of Indirect Procurement
Boris Persak senior specialist for inquiries and fraud investigation
Antonio Cangeri General Counsel & Secretary of the Board of Directors
Steve Hales Global Head of Connected Insurance
Carolyn Dittmeier Chairman Statutory Audit Committee
Sandro Panizza Head, Life, Finance & Processes - Ina Assitalia
Douglas Robare Chief Underwriting Officer Financial Lines
Monica Possa Head, HR & Organization
Sergio Di Caro Chief Executive - Hong Kong Branch
Fabio Fabiano Head of Group HR Digital Processes
Carsten Schildknecht Group COO
Giuseppe Lazzaro Morpurgo Founder
Simone Bemporad Group Communications & External Relations Director
Paolo Vagnone Head, Global Business Lines
Luigi Barcarolo Head of Connected Insurance Products Roll-Out
Maurizio Basso Group Compliance Officer
Petar Dobric Chief Marketing and Customer Officer
Nick Blanchflower Regional Chief Risk Officer
Giovanni Giuliani Head, Group Strategy & Business Development
Dieter Meister Country Manager - Germany
Paolo Bagnasco Global Corporate & Commercial COO
Luciano Cirina Head - Central & Eastern Europe
Jaime Anchustegui Melgarejo CEO International
Lorenzo Pellicioli Member of the Board of Directors
Francesco Caltagirone Acting Vice Chairman & Non-Executive Board Member
Paola Sapienza Member of the Board of Directors
Gabriele Genola Chairman of the Board of Directors
Clemente Rebecchini Vice Chairman & Board Member
Mario Greco Group CEO
Alberto Minali Group CFO
Sergio Balbinot Chief Insurance Officer & General Manager
Nikhil Srinivasan Group Chief Investment Officer
Alberta Figari Member of the Board of Directors
Sabrina Pucci Member of the Board of Directors
Ornella Barra Member of the Board of Directors
Philippe Donnet Group CEO
Rene Fourtou Member of the Board of Directors
Giovanni Montesanti CMO / EVP Product Development Thailand
Flavio Cattaneo Member of the Board of Directors
Peter Stockhammer Managing Director
Fabio Oggioni Head of IT
Thierry Mestach Chief Network Officer
Steven Zuanella Group Chief Digital Officer
Ruth Armalé Open Innovation Lead