Generali statement on FSB list of global systemically important insurers (G-SIIs)
19 July 2013 - 11:15
Assicurazioni Generali acknowledges that it has been designated by the Financial Stability Board as a Systemically Important Financial Institution (SIFI) due to the size of its non-insurance activities. Any potential impact of this designation on Generali is yet to be determined and will apply in 2019.
Traditional insurers – such as Generali - are an agent of stability for the whole economy and act as shock-absorbers, as they run their business with a typical long-term approach. Generali has a stated strategy of narrowing its business focus onto core insurance activities, and disposing of non-core assets.