Strong pressure on the profitability of TPL Auto, a health branch that despite Covid has not seen the turning point in the demand for protection by citizens, the increasingly important role of emerging risks such as cyber, the need to make acquisitions for those wants to grow in a market such as increasingly concentrated damage and the challenge of sustainability.
The post Covid scenario designed by some of the main managers of the insurance industry is that of a market in a crucial phase: “The pandemic has given a very strong push to all the players in perceiving the change in terms of digitization and simplification”, he declared the CEO and CEO of Allianz spa, Giacomo Campora. “As a search for protection and ESG principles, in one year we have made a leap of 10 years”, summed up Carlo Ferraresi, CEO of Cattolica. “We as insurers are already builders of resilience”, added the manager who relaunched: to support the change in the country “, however, we need lower capital requirements for investments in equity”. Finally, Ferraresi underlined the “incredible work” carried out by the company in the last twelve months.
Enrico San Pietro, deputy general manager of UnipolSai, instead used a metaphor to define the current situation: “It is as if we had passed from the first to the second half of a game, after Covid we tried to reorganize but we return to a playing field completely new, which takes away our security but also presents great opportunities ».
Among these is cyber risk, on which customers must be made aware and protected: “With smart working we are transforming this operational risk into something endemic: it is one of the main opportunities for companies”, confirmed Bruno Scaroni, group chief transformation officer of Generali. Position shared by Campora: «It is one of our ‘favorite’ risks, because in reality almost all attacks originate from trivial situations: just doing the basic things to reduce the risk by 100 times».
A high key theme is the ESG: «An imperative, no longer just an opportunistic choice. Our group is moving on three profiles: investments, operational choices and as a company ”, explained Giacomo Gigantiello, CEO of Axa Italia. “It is not a fashion, it is a great challenge for the world and for our sector, Reale Mutua is the first company to have had environmental certification in 2012. We are carrying out a project of transformation into a benefit company”, said the director. general of the Turin group, Luca Filippone.