December

Bollettino - December 2025
Bollettino - Background

New Horizons

Adapting to change, accepting uncertainty and complexity, and recognizing the opportunities they bring. The “New Horizons” of a world in constant and rapid transformation can only be flexible and shifting. Amid geopolitical tensions, technological accelerations, and environmental and demographic challenges, the old reference points have fallen away. In this Bollettino, we have analyzed the changes underway to try to get our bearings and navigate uncertainty, guided by a single compass: knowledge.

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Index

As the world faces profound shocks and change, we must learn to embrace uncertainty, but also recognize opportunities, and, above all, invest in knowledge.

As the world faces profound shocks and change, we must learn to embrace uncertainty, but also recognize opportunities, and, above all, invest in knowledge.
by Andrea Sironi, Generali Chairman

Populism on the rise, volatile political choices, and the threat of a “technological Cold War”. But history reminds us that innovation and adaptability have always found a way through times of crisis.

Populism on the rise, volatile political choices, and the threat of a “technological Cold War”. But history reminds us that innovation and adaptability have always found a way through times of crisis.
by Alessandro Cappelli

In the whirlwind of change, we are called upon to face profound and often unexpected transformations. From geopolitical shocks to the accelerated evolution of new technologies and artificial intelligence, to social, demographic, and climate challenges. Being an active part of change will be necessary to redefine our collective future.

In the whirlwind of change, we are called upon to face profound and often unexpected transformations. From geopolitical shocks to the accelerated evolution of new technologies and artificial intelligence, to social, demographic, and climate challenges. Being an active part of change will be necessary to redefine our collective future.
by Philippe Donnet, Generali Group CEO

The United States may be transitioning from being an ally to being an adversary, and Europe’s leaders seem to have no plan for how to handle this new era.

The United States may be transitioning from being an ally to being an adversary, and Europe’s leaders seem to have no plan for how to handle this new era.
by David Keating

In 25 years, China’s share of global GDP has risen from 3.6% to 17%. Today, Beijing faces multiple challenges, from a demographic crisis to weak domestic consumption. A new scenario is emerging amid Trump’s trade war, strained relations with the EU, and a close partnership with Moscow.

In 25 years, China’s share of global GDP has risen from 3.6% to 17%. Today, Beijing faces multiple challenges, from a demographic crisis to weak domestic consumption. A new scenario is emerging amid Trump’s trade war, strained relations with the EU, and a close partnership with Moscow.
by Daniele De Giovanni

Europe’s challenge is independence in the sense of resilience. This means the ability to adapt, ensure its own security, sustain its economies, and innovate technologically.

Europe’s challenge is independence in the sense of resilience. This means the ability to adapt, ensure its own security, sustain its economies, and innovate technologically.
by Catherine E. de Vries

Trump’s tariff policies marked a clear departure from multilateral rules, creating significant global uncertainty. Meanwhile, the EU seeks new foreign markets as the conflict between the U.S. and China intensifies.

Trump’s tariff policies marked a clear departure from multilateral rules, creating significant global uncertainty. Meanwhile, the EU seeks new foreign markets as the conflict between the U.S. and China intensifies.
by Madalena Barata da Rocha and Nicolas Boivin

Change is no longer just a bridge between past and future. It has become the constant terrain on which the world moves. From work to technology, from geopolitics to public institutions, everything unfolds amid acceleration, demanding both the ability to adapt and the skill to steer the flow.

Change is no longer just a bridge between past and future. It has become the constant terrain on which the world moves. From work to technology, from geopolitics to public institutions, everything unfolds amid acceleration, demanding both the ability to adapt and the skill to steer the flow.
by Dante Roscini

The demographic curve is not a predetermined fate, it is shaped by economic and political choices. Managing immigration, investing in youth education, and making a country inclusive and open can make all the difference.

The demographic curve is not a predetermined fate, it is shaped by economic and political choices. Managing immigration, investing in youth education, and making a country inclusive and open can make all the difference.
by Francesco C. Billari

While the planet is in peril, Lucas Foglia has traveled the world, capturing images that reveal humanity’s dependence on nature, even in the heart of overcrowded metropolises. An intrinsic need for wild spaces, even when those spaces are human-made.

While the planet is in peril, Lucas Foglia has traveled the world, capturing images that reveal humanity’s dependence on nature, even in the heart of overcrowded metropolises. An intrinsic need for wild spaces, even when those spaces are human-made.
by Lucas Foglia

Where it all began, the future now takes shape. Palazzo Carciotti, the historic first headquarter of Assicurazioni Generali in Trieste, is set for a new life as the home of Agorai Innovation Hub: a unique ecosystem of basic and applied research that will leverage the most advanced technologies in Data Science and Artificial Intelligence to improve people’s quality of life.

Where it all began, the future now takes shape. Palazzo Carciotti, the historic first headquarter of Assicurazioni Generali in Trieste, is set for a new life as the home of Agorai Innovation Hub: a unique ecosystem of basic and applied research that will leverage the most advanced technologies in Data Science and Artificial Intelligence to improve people’s quality of life.
by the Editorial Team

Generali’s global foundation is active in 25 countries in Latin America, Europe and Asia. Through a network of 85 partners operating in over 800 locations, the "For Families" and "For Refugees" programmes have so far supported over 830,000 children, parents and refugees.

Generali’s global foundation is active in 25 countries in Latin America, Europe and Asia. Through a network of 85 partners operating in over 800 locations, the "For Families" and "For Refugees" programmes have so far supported over 830,000 children, parents and refugees.
by the Editorial Team

The scientist Florian Jug explains that AI will bring profound changes, even though we cannot yet predict in which areas there will be benefits and in which there will be negative consequences. However, expectations are often overinflated.

The scientist Florian Jug explains that AI will bring profound changes, even though we cannot yet predict in which areas there will be benefits and in which there will be negative consequences. However, expectations are often overinflated.
by Davide Burchiellaro

Writer David Quammen highlights the similarities between COVID denial and climate denial, warning of a future that could be “duller” and poorer in biodiversity. Embracing a multidisciplinary approach will be essential to safeguarding both the environment and public health.

Writer David Quammen highlights the similarities between COVID denial and climate denial, warning of a future that could be “duller” and poorer in biodiversity. Embracing a multidisciplinary approach will be essential to safeguarding both the environment and public health.
by Fabrizio Fasanella / illustrations by The Archives and Special Collections Department of Dickinson College

Often portrayed as lazy and unwilling to make sacrifices, Generation Z has, in reality, brought a new sense of purpose to work. In this way, they are reshaping the business landscape.

Often portrayed as lazy and unwilling to make sacrifices, Generation Z has, in reality, brought a new sense of purpose to work. In this way, they are reshaping the business landscape.
by Lidia Baratta

Unlike Bergoglio, Pope Leo XIV moves at a different pace: less in the media spotlight, but determined to make his mark in his own way. And he has been doing so since his first days.

Unlike Bergoglio, Pope Leo XIV moves at a different pace: less in the media spotlight, but determined to make his mark in his own way. And he has been doing so since his first days.
by Andrea Fioravanti

Despite the slowdown on Diversity, Equity, and Inclusion initiatives in the United States, attention to diversity continues to exist within companies. In Europe it has now become a legal requirement. And in part, it is already working.

Despite the slowdown on Diversity, Equity, and Inclusion initiatives in the United States, attention to diversity continues to exist within companies. In Europe it has now become a legal requirement. And in part, it is already working.
by Ester Viola

In a world marked by rapid transformation – from geopolitical shifts to climate change, from AI breakthroughs to demographic transitions – uncertainty is the new normal. Public-private partnerships are emerging as essential tools to navigate this complexity, offering innovative, inclusive, and resilient solutions. Especially for SMEs.

In a world marked by rapid transformation – from geopolitical shifts to climate change, from AI breakthroughs to demographic transitions – uncertainty is the new normal. Public-private partnerships are emerging as essential tools to navigate this complexity, offering innovative, inclusive, and resilient solutions. Especially for SMEs.
by the Editorial Team

From Investor Day to the Annual Shareholders’ Meeting, from the Barcolana to the inauguration of the Agorai Innovation Hub, the main events of the Generali Group in 2025.

From Investor Day to the Annual Shareholders’ Meeting, from the Barcolana to the inauguration of the Agorai Innovation Hub, the main events of the Generali Group in 2025.
by the Editorial Team