Climate change:Generali and Cattolica alongside 4.5 million companies

The new insurance solution is launched, dedicated to the protection of damage to buildings, plants and machinery, industrial and commercial equipment and land directly caused by catastrophic events such as earthquakes, floods, landslides, inundations and overflows

MILAN - Generali Italia and its Cattolica Business Unit are launching a new insurance offer to meet the protection needs of over 4.5 million Italian businesses in the face of the impact of climate change.Today in Italy 94% of municipalities are at risk of landslides, floods and coastal erosion1 , but only a small percentage of properties are protected by specific insurance against damage caused by natural disasters.The gap, as noted by ANIA, concerns companies, especially those of very small dimensions2:only 3.4% of the locations referring to micro-businesses are covered by insurance for floods and only 8.4% for earthquakes.

ONLY 5.3% OF HOMES ARE INSURED AGAINST NATURAL DISASTERS

Not only that, again according to ANIA, families are also exposed to risk:only 5.3% of civilian homes are in fact insured against natural disasters.It is in this context that the Company led by Country Manager & CEO Giancarlo Fancel, he launched a new solution, dedicated to the protection from damage to buildings, plants and machinery, industrial and commercial equipment and land, directly caused by catastrophic events such as earthquakes, floods, landslides, inundations and overflows. A response that anticipates needs in light of the new rule introduced by the 2024 Budget Law, which introduces the obligation for companies to sign insurance contracts to cover catastrophic damages identified by the law itself.

THE SERVICE 'HERE FOR YOU'

In detail, the new solution from Generali Italia and its Cattolica business unit is complete the offer of prevention, services, technology and 360° protection with the Attiva line. Generali Italia's commitment to being close to the territory and its customers, also materializes in the now consolidated “Here for You” service, the distinctive disaster management model.When a serious natural event occurs, a dedicated team is immediately activated to be immediately close to customers in identifying concrete solutions, for the benefit of the economic recovery of the entire territory. Massimo Monacelli, General Manager of Generali Italia, stated:“Climate change requires concrete actions in the face of events that can no longer be considered sporadic and which are characterized by increasingly severe impacts in terms of frequency and intensity.As the first insurer in the country, we want to be a Life Partner of companies with an offer that combines the components of prevention, protection, services and technology, to anticipate their needs, thanks to the professionalism and widespread nature of our Agents.With this new solution we make available to Italy's production engine a concrete response to a decisive issue for the sustainability of the entire country system".