Generali Employee Benefits launches blockchain solution for captives

Generali Employee Benefits launches blockchain solution for captives

Generali Employee Benefits launches blockchain solution for captives

A blockchain solution for the employee benefits industry that aims to transform the reinsurance process for captive services has been launched by Accenture and Generali Employee Benefits (GEB). The companies called it a “first-of-its-kind blockchain solution” that allows participants in the reinsurance process for captive or pooling services to access the same data and reduce processing errors, through smart contracts…

Stable outlook for Italian and Spanish non-life insurance sectors, says Best

Stable outlook for Italian and Spanish non-life insurance sectors, says Best

Stable outlook for Italian and Spanish non-life insurance sectors, says Best

AM Best has maintained a stable market segment outlook on both the Italian and Spanish non-life insurance segments. In the case of the Italian market, Best said its outlook was supported by the continued expansion of the segment despite very low economic growth, together with the expectation that good operating results will be maintained, underpinned by sustained strong underwriting profitability.…

Generali to buy Ergo’s subsidiaries in Hungary and Slovakia

Generali to buy Ergo’s subsidiaries in Hungary and Slovakia

Generali to buy Ergo’s subsidiaries in Hungary and Slovakia

Generali is to acquire the insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. No details of the purchase price and other terms have been revealed, but the gross written premium income across all three ERGO entities totalled €20.6m in 2017. Generali has signed an agreement to take over the entire life, non-life and composite insurance…

Selection, innovation and scrutiny are key

Selection, innovation and scrutiny are key

Selection, innovation and scrutiny are key

We caught up with Paolo Ribotta, CEO of Generali Global Corporate & Commercial (GC&C), to find how his company got on at year-end renewals, its plans for Europe and a growing focus on multinational programmes. Adrian Ladbury [AL]: What kind of year-end renewal did you experience at GC&C? How do you view the market and what was your strategy? Paolo…

Generali reports strong 2018 results but GC&C hit by big claims

Generali reports strong 2018 results but GC&C hit by big claims

Generali reports strong 2018 results but GC&C hit by big claims

Generali has delivered a strong set of 2018 results and group CEO Philippe Donnet was pleased to reveal that the Italy-based international insurance group has exceeded all targets in its 2015 to 2018 strategic plan. The only real blackspot on the figures was delivered by the group’s corporate insurance arm – Generali Corporate & Commercial (GC&C). It was hit by…

Insurance Europe reveals European insurance data

Insurance Europe reveals European insurance data

Insurance Europe reveals European insurance data

Total premiums in Europe increased by 4.7% to €1,213bn in 2017, with property/casualty growing by 4.4% to €371bn, according to new figures from Insurance Europe. The robust growth in 2017 was mainly driven by the three largest European markets – led by the UK and supported by France and Germany. The three largest markets together accounted for 57.2% of the…

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