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Assicurazioni Generali S p A : Italian insurer Generali upbeat on 2021 after 'excellent' 2020


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MILAN (Reuters) - Generali is confident it can hit its targets this year after Italy s biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit.
Operating profit, which is closely watched by the market, rose 0.3% to 5.21 billion euros ($6.2 billion) in 2020, Generali said, despite a 123 million euro hit from COVID-19.
Generali shares were up 2% at 0830 GMT on Thursday, outperforming a flat European insurers index.
After an excellent 2019 and an excellent 2020 we are well positioned to close out 2021 well, Generali Chief Executive Philippe Donnet told a news briefing.
Asked if he felt under shareholder scrutiny, Donnet said it had not been a given that the Italian insurer would perform well in the unprecedented scenario of the health crisis. ....

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Generali Vietnam launches people-centric strategy to become best employer in industry


Generali Vietnam launches people-centric strategy to become best employer in industry
09:08 | 05/03/2021
Italian-backed life insurer Generali Vietnam has officially launched its “More than just a place to work” people strategy with an aim to become the best employer in the Vietnamese insurance and finance industry.
With the “More than just a place to work” people strategy, Generali Vietnam aims to build up a dynamic, creative, and highly professional team of individuals
The company is also running its Management Trainee programme Genext Challenge 2021 to recruit, train, and develop young talents to meet its business growth needs in Vietnam.
The core of this strategy is the objective to build Generali Vietnam into “more than just a place to work” where every staff member can “learn – grow – live – thrive”. ....

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Insurance segment sits in good stead


Insurance segment sits in good stead
14:00 | 05/02/2021
Experts predict healthy figures for life and non-life insurance segments this year, photo Le Toan
Military Insurance Corporation last week officially re-listed 130 million shares on the Ho Chi Minh City Stock Exchange, switching from the Unlisted Public Company Market, with a reference price of around VND15,500 (67 US cents).
Other insurers are also going public or working with foreigners. For instance, Petrolimex Insurance JSC – a subsidiary of Petrolimex – has confirmed to raise its foreign cap from 49 per cent to 100 per cent.
Currently Vietnam boasts 31 non-life insurers, 18 life insurers, 16 brokers, and two reinsurers. Many reputable foreign insurance companies have a presence in Vietnam in both life and non-life sectors. ....

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