Europ Assistance & Global Business Lines
To meet the corporate sector's complex and diverse needs, the Generali Group has developed an insurance offering platform unique to the market.
Europ Assistance falls within the scope of responsibility of the Country Manager France & Europ Assistance;
Generali Global Business Lines (GBL) fall within the scope of responsibility of the Country Manager & CEO of Generali Country Italia and Global Business Lines, support companies of global reach with a complete insurance offer. The GBLs include two units: Generali Global Corporate & Commercial and Generali Employees Benefits.
Established in 1963, EA, which falls within the scope of responsibility of the Country Manager France, is one of the leading global brands in the field of private assistance. Today it is present in over 200 countries and territories, supported by its 41 assistance centres and its network of 750 partner suppliers. EA offers insurance coverage and assistance in the travel sector, the automotive area with road-side assistance, and personalised coverage for assisting the elderly, cyber-security, and medical and concierge services. In 2019, the EA Group’s total turnover came to € 1.9 billion, up 10% compared to the previous year.
EA continues to pursue a growth strategy focused on strengthening its leadership position in the travel sector, at the same time expanding and diversifying its offer of motor and personal assistance products. The goal is to reach € 2.4 billion in revenues by 2022. One important step in this direction was taken in early 2019 with the acquisition of TripMate in the USA, a company operating in the travel insurance sector. Thanks to this operation, Generali Global Assistance now is positioned as the third largest operator in the travel insurance market in the USA, and significantly contributes to the global reinforcement of the EA Group in this sector.
GLOBAL BUSINESS LINES
Figures as at December 31, 2019
Generali Global Business Lines (GBL) support companies of global reach with a complete insurance offer. The GBLs include two units: Generali Global Corporate & Commercial and Generali Employees Benefits, which offer medium to large companies flexible and smart insurance services and solution in the Life and P&C segments, health protection and pension plans for local and global employees of multinational companies. Generali Global Business Lines have collected a total premium volume of € 3,817 million in 2019.
Global Corporate and Commercial (GC&C)
GC&C offers medium to large companies and intermediaries in over 160 countries around the world, insurance solutions and P&C services. Backed by its solid global experience and knowledge of the local markets and of the corporate sector, integrated solutions that can be personalised in properties, casualty, engineering, marine, aviation, cyber and specialty risks are offered. Furthermore, GC&C guarantees companies the same level of assistance and protects everywhere in the world through its Multinational Programs, Claims and Loss Prevention experts. GC&C has collected a total premium volume of € 2 billion in 2019.
Generali Employee Benefits (GEB)
GEB is an integrated network that offers services for employees of multinational companies consisting of protection, life and health coverage, and pension plans for both local and expat employees. Located in over 100 countries and with more than 400 coordinated multinational programmes (of which about 40 captive), GEB today is the market leader for multinational companies with a premium volume of € 1.5 billion. GEB has been operating through the new branch in Luxembourg, entirely dedicated to the employee benefit business, since 2019. Furthermore, GEB includes Generali Global Health (GGH), a division of the Generali Group dedicated to the International Private Medical Insurance (IPMI) sector since September 2019. GGH achieved about € 0.2 billion in premium volume in 2019.
Generali Vitality Gmbh is the business unit and competence center for the development of the Generali Vitality project in Europe to encourage and reward healthy behaviour for customers seeking a healthier lifestyle.
The purpose of this educational prevention initiative is to encourage participants to improve their overall well-being condition, while also reducing expenses for medical care. In fact, there is a rewarding system for those who regularly exercise, maintain a good dietand make regular medical check-ups. From 2016 this program is available in Germany, France and Austria, and the extension to other countries is planned for the future. The company manages product development and program management throughout Europe.