Building resilience and leveraging synergies: Giulio Terzariol at the FT Insurance Summit

On Wednesday, 18^th June, Generali CEO Insurance Giulio Terzariol joined the Financial Times Insurance Summit in London taking the stage alongside Lee Harris, the FT’s Insurance Correspondent, to share Generali’s vision for the future of insurance.

Giulio Terzariol emphasised the transformative potential of Italy’s new obligatory natural catastrophe (nat-cat) insurance law. He described it as an important example of public-private partnerships aimed at closing the protection gap - a challenge that affects families, enterprises, and especially SMEs. With only 6% of Italian homes currently insured against natural disasters, supporting ‘risk literacy’ among the population is an important part of building societal resilience. Generali is strongly committed to playing its role in this area through different public-private collaboration in line with the Group’s Lifetime Partner ambition.

The conversation also explored the synergies between insurance and asset management. Generali CEO Insurance highlighted the Group’s strategic expansion in this area, including the acquisition of Conning Holdings Limited and a majority stake in MGG, reinforcing capabilities in private credit and institutional investment. These moves are part of a broader ambition to bridge the asset management gap between Europe and the US and create a leading global asset manager platform.

Distribution was another key theme, critical for a successful business model in insurance. Giulio Terzariol acknowledged the importance of a tied agent force and advocated for a multi-access customer offer that blends digital platforms, including AI tools, with face-to-face advisory services. This hybrid model ensures a seamless and personalised customer journey, especially for more complex products.