Generali Global Lines & Vitality
To meet the corporate sector's complex and diverse needs, the Generali Group has developed an insurance offering platform unique to the market. Global Business Lines provide access to integrated insurance and assistance solutions to cover the business risks regarding employees and assets linked to property and people. Generali Vitality is the competence center aiming at promoting an educational prevention program in Europe.
The Global Business Lines include four units: Generali Global Corporate & Commercial, Generali Employee Benefits, Generali Global Health, and Europ Assistance.
Created to develop P&C products and services for medium-large companies, Generali Global Corporate & Commercial offers complete insurance solutions to customers and intermediaries in over 150 countries through nine main offices in Europe, Asia and the Americas. With its global network of more than 1000 dedicated professionals and over 100 risk control experts, Generali Global Corporate & Commercial presents an integrated offer of insurance solutions that includes property, casualty, engineering, marine, aviation, cyber, financial risks and multinational programmes, generating a total premium volume of € 1.9 billion in 2017.
Major global brand for private assistance, this Group is specialised in offering insurance coverage and services in the travel, motor, home and family, and healthcare sectors. With over 300 million customers, Europ Assistance sets its goals on innovation and new markets, like that of Senior Care. The total income of the EA Group, calculated locally and including not only the gross written premiums but also revenue for assistance services and other activities, totalled € 1.6 billion in 2017.
Generali Employee Benefits (GEB) è is an integrated network that offers services for multinational company employee benefits consisting of pure risk, Life and health coverage and pension plans for both local and expatriate employees. Present in over 100 countries and with more than 400 coordinated multinational programmes (of which at least 40 captives), GEB today is the market leader for multinational companies with a premium volume of € 1.3 billion.
Generali Global Health (GGH) was created in 2015 as the brand and business unit of the Generali Group dedicated to the International Private Medical Insurance (IPMI) segment. Its premium income for the entire insurance market amounted to more than € 10 billion in premium at the global level, and compound annual growth of 13%. More specifically, GGH realised a premium volume of € 0.1 billion in 2017 (+60% in 2016), in line with its strategic plan of becoming leader of the IPMI market by 2023. GGH is distinguished by the innovative nature of its products and services, and by the high degree of digitalisation of processes. These features have already been acknowledged by the market, which awarded the company the title of Most Innovative Health Insurer at the recent 2017 International Insurance Forum.
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.