Public commitment

We invest in research and innovation

We can make an educational and informative contribution, helping people and Governments to better understand the risks of climate change, making them aware and seeking to provide support as regards both their mitigation and adaptation actions. We believe in the importance of innovation in this field and we are committed to investing in research.
We participate in numerous initiatives and working groups on environmental issues connected with climate change.

A hot air balloon for the environment

In 2013 the Observatoire Atmosphérique Generali project was launched in France in collaboration with AIRPARIF, the air quality monitoring association, and the French National Centre for Scientific Research (CNRS). Still for the next two years, a hot air balloon will fly above Paris, promoting the Generali brand and fulfilling a scientific and educational purpose. Observatoire Atmosphérique Generali is the first flying urban laboratory, which allows scientists to precisely study the quality of the air at an altitude of 150 metres, in real time, 24 hours a day. The hot air balloon collects data and sends them to the processing centre at AIRPARIF, using colourful pictograms to offer its passengers a portrait of Paris which continuously changes colour depending on the level of air pollution. Observatoire Atmosphérique Generali is open to the public every day from 9 a.m. until dusk and, as well as the tourist trips, which are charged for, offers Parisian schoolchildren (around 6,000 a year) the chance to see the capital from on high, raising their awareness of the importance of air quality through interactive panels and informative stands.

A strategy to face natural disasters

We financed The economic assessment of natural disasters in Italy, an interdisciplinary research project, in partnership with three institutes of the Italian National Research Council, the Milan section of the National Geophysics Institute and an inter-university centre for research into the economics of resources and the environment. The aim of the project is to provide evaluation tools for forecasting risk according to a defined methodology, on the basis of assessment models defined ex-ante that are able to provide indications on the effectiveness of mitigation and prevention measures. The initial focus of the project is on earthquakes and landslides and involves four levels of assessment:

  • quantification (ex-post) of the private and social 'cost' of the natural disasters that have taken place in Italy
  • assessment of the economic and social cost risk (ex-ante)
  • economic assessment of prevention/mitigation policies
  • possible role of insurance policies, in connection with investment in prevention/ mitigation, as part of a national strategy for natural disasters.

Theoretical physics and earthquakes

In November 2015 we signed an agreement with ICTP, the Abdus Salam International Centre for Theoretical Physics (UN), the first and more important scientific institute in the world in the area of research and the transfer of knowledge to emerging and developing countries, also on the basis of simulations carried out on high-performance calculators. It is an innovative partnership focused on supporting a 3-year project to study, analyse and prevent seismic phenomena. The most original aspect of the agreement is that it brings together the respective expertise of the two entities, creating the synergies to develop a greater understanding of seismic risk in exposed areas and to generate benefits through the spread of the culture of prevention. The project is one of the most significant examples of cooperation in Italy between an insurance group and a scientific institution to study earthquakes. The study will finish in 2018 with the presentation of the results of the research. For us the project will also be a chance to assess seismic risk exposure in the countries in which we are present and to provide increasingly prompt responses to the specific needs of customers in specific areas.

An app for weather forecast

In Austria we launched a free weather application, with 8-day forecasts on temperatures, cloud cover, rainfall and wind speed and direction, and with an alert function in the event of extremely bad weather for the preventive protection of people and assets. The application is based on HORA (Natural Hazard Overview & Risk Assessment Austria), a system for the mapping of Austria developed by the Lebensministerium (Federal Ministry of Agriculture, Silviculture, the Environment and Water Management), in association with the Austrian association of insurance companies (VVO). The system focuses on the analysis of heavy rain, violent hailstorms, flooding and earthquakes.

We dialogue and work with national and international institutions

We have signed up to some of the leading international initiatives:

  • the Climate Change Programme run by the CDP, the prestigious British organisation that represents 822 investors across the world for a total of $ 95,000 billion of assets managed, which aims to improve environmental risk management by leveraging on the transparency of information
  • the Climate Risk Statement of The Geneva Association, taking on a series of common commitments regarding the measures to adopt to address and mitigate climate change
  • the European Financial Services (EFR) Statement, in support of the strong desire of members to focus more attention on reducing the risks connected with CO2 emissions and to accompany consumers towards a future with lower emissions and evaluate how the finance sector can support the UN’s Sustainable Development Goals
  • the Paris Pledge for Action, an initiative that represents an opportunity for the private sector to work towards implementing the Paris COP21 agreement.