Reinsurance News

Generali announces distribution partnership with UniCredit

6th June 2018 - Author: Staff Writer

A strategic bancassurance partnership has been announced by insurance group Generali and Italian banking giants UniCredit for the distribution of insurance products and solutions in Central and Eastern Europe (CEE). The agreement will come into effect in the second half of this year following regulatory approval.

Generali logoThe deal will make Generali an exclusive insurance partner for the distribution of Credit Protection Insurance (CPI) in the Czech Republic, Croatia, Hungary, Romania, Serbia, Slovenia, Slovakia as well as Bosnia and Herzegovina. In Serbia the cooperation will include also life and non-life insurance products.

Luciano Cirinà, Austria, CEE & Russia Regional Officer and Chief Executive Officer (CEO) of Generali commented, “In our region more than 12.5 million customers rely on Generali’s strength and support in various phases of their lives when they are in need of a reliable insurance partner.”

“We are the pioneers in the market and one of the biggest insurers in this region and we are proud to support Unicredit’s clients with very special and proven insurance solutions.”

Head of CEE Division at UniCredit, Carlo Vivaldi, added, “This partnership will enhance our offering by delivering a full range of insurance products as well as outstanding services to our individual and small business clients leveraging our leading position in the region as well as the recognised brand of Generali.”

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