Generali
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The platform aims to “bend the loss curve”.
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The carrier’s chief buyer urged a partnership approach from reinsurers.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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Natural catastrophe claims remained consistent compared with the prior year.
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The group reported an 89.7% combined ratio for the quarter.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The Italian carrier posted a record group profit of EUR7.3bn.
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The capacity arrangement with LRA also remains in place.
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The rating agency also upgraded the long-term issuer credit rating.
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The P&C combined ratio improved to 94%, while premiums rose by 6.9% to EUR25bn.
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Generali has produced a report with the United Nations Development Programme extolling the virtues of parametric insurance.
