Insurance giant Generali celebrates 190 years
Founded in 1831 and still headquartered in Trieste, Italy, ’s position as a Fortune Global 500 entity and one of MIT’s ‘smartest companies’ in the world demonstrates that its continued success is based on more than just years.
Accordingly, to coincide with its near-bicentennial celebrations, the company has launched ‘Fenice 190’, a €3.5bn investment project in support of European economies blighted by COVID-19. Efforts will reportedly start in Italy, France and Germany, and then rolled out to all territories that Generali currently operates in.
2021: A decisive year
Fenice 190 marks only the latest of Generali’s efforts to mitigate the deleterious effects of the pandemic. In particular, the company has focused on helping SMEs to survive and investing in infrastructure, innovation and digitalisation via 10 funds (worth over €1bn total).
A further €500m will be spent over a five-year period to encourage sustainable growth.
“The 190th anniversary falls in a decisive year in which we must overcome the most serious global crisis of the post-war era and lay down the foundations for a wide-scale global recovery,” stated Philippe Donnet, CEO of Generali Group.
“With Fenice 190, we want to be a leader in this journey, leaving a concrete legacy for the future, with significant support for the most innovative, sustainable and strategic sectors for the restart of the European economy, while at the same time encouraging the inclusion of those most heavily impacted by the crisis.”
Insurance for good
As the world continues to battle socio-economic disruption from the pandemic and exit-strategies for lockdowns are drawn up, the importance of insurance as a stabilising force has never been more pronounced.
Generali, no less ambitious now after 190 years, is poised to be a core part of the ongoing societal regeneration that insurance can bring.
“Today more than ever, in an unprecedented context, the Generali Group intends to build a shared and sustainable vision for the future of all stakeholders,” said Gabriele Galateri di Genola, Chairman of Assicurazioni Generali.
“[W]e intend to build on the extraordinary legacy of skills and history in the Company so that it can stimulate knowledge and inspiration for future generations.”
Tribe and APOLLO announce national insurance campaign
Tribe Property Technologies in partnership with APOLLO insurance has announced a national insurance campaign to digitise insurance for condominium owners, renters, landlords, and developers across Canada. The aim of the campaign is to make insurance access easier and faster for owners while improving the coverage and protection of condominiums and rental buildings.
According to several surveys, nearly half of 4.5mn rented houses in Canada do not have tenant insurance protection, meaning those individuals and their families are put at risk of fire and water damage.
What does the national insurance campaign include?
According to Tribe, the company is working with APOLLO to ensure that this type of insurance is easier to access. It aims to achieve this by introducing a direct connection to APOLLO's insurance technology from both Tribe's strata and condo management platform and rental software to allow for increased education and awareness for owners into insurance risks and options.
It also includes the future ability for notifications for mid-term cancellations, and plans to offer protection from potential strata/condo corporation deductibles, Tribe said.
"We are excited to partner with APOLLO to bring accessibility, visibility, and education around insurance options to our communities and reflect the current lifestyle expectations of condo owners and residents while protecting the value of their biggest assets", said Joseph Nakhla, Chief Executive Officer of Tribe.
Nakhla added: “This agreement with APOLLO is just the first step under our Digital Services & Partnerships revenue pillar. We will continue to layer on services to drive revenue for Tribe, and bring convenience and savings for our users, with the goal of being able to offer a one-stop-shop to our development partners and the over 100,000 residents in Tribe-managed communities”.
APOLLO uses technology as a channel between insurance brokers, carriers, and their mutual clients, offering insurance options from multiple companies on one integrated online platform.
"We like that Tribe is taking a fresh approach to condo living and building smart homes through tech-enabled service, and an integration with their Community Platform supports our goals of making insurance more accessible and supporting the needs of communities”, said Jeff McCann, Chief Executive Officer of Apollo.