General Insurance Article - Generali introduces new organisational structure

 At a meeting chaired by Gabriele Galateri, the Executive Committee of Generali approved a new organisational structure aimed at managing the insurance business across the whole group in a more integrated way and strengthening control over capital, risk and investment management by the Head Office. The changes that have been put in place simplify Generali’s internal organisation and create a framework for greater efficiency and transparency of decision-making, in line with the best industry standards.

 As part of the organisational review, the new role of chief insurance officer has been created to develop the core insurance business. Furthermore, the Group Management Committee–an international committee that will formulate the group’s strategic priorities and ensure a strong management cohesion– has been established.

 In light of the higher degree of integration across the whole group and of business development, all the countries and the unified platform managing global businesses (corporate, assistance and employee benefits) will report to the group ceo. Furthermore, coordination mechanisms between Head Office and business unit functions–in particular Audit, Legal, Compliance and Risk–have been strengthened.