Between public and private

The insurance models against natural disasters

The insurance models against natural disasters

As emerged during the COP21, climate change is a topic of worldwide interest that is taking on an increasingly important role in the agenda of governments, international institutions and civil society. In regards to natural disasters, there are nowadays three models for insurance coverage: the voluntary one, totally depending on the individuals that decide to underwrite a policy, the semi-voluntary one, where insurance against fire includes a coverage against catastrophic risks, and the mandatory one, that provides by law an obligation to coverage while the state is responsible only for public property.

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Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.