Assicurazioni Generali – Insurer Transformation Award 2023

1. GENERALI APPLICATION FOR
THE WORLD’S DIGITAL INSURANCE AWARDS 2023
Insurer Transformation Category

2. AGENDA
2. Generali Innovation platform
3. People & Digital Culture: Innovation Champions program & trainings
4. Infrastructure: The Generali Innovation fund & Digital platforms
5. Ecosystems: CorpUp Studios
1. Generali overview

3. GENERALI GROUP AT A GLANCE
2022 GROUP’S GROSS WRITTEN PREMIUMS2
35%
18%
19%
15%
9%
4%
Italy
Germany
International
ACEE
Group Holding and
other companies
Source: Official Press Kit «Annual Integrated Report – YE2022 results
1-Asset under Management
2-Geo view as per «pre–Generali Group 2022 re-organization»
France
GEOGRAPHICAL FOOTPRINT
Insurance operations
of Generali Group
Branches: UK, Hong
Kong, Dubai, US
Other Countries in which
Global Business Lines or
A&WM operate
618 billion Euro
of total AUM1
50 Countries
81.5 billion Euro
in Premiums
68 millions
Customers
More than 82,000
Employees
A 192 YEARS OLD GLOBAL
LEADING INSURER WITH A
SOLID INNOVATION
FOOTPRINT
Generali overview

4. GENERALI INNOVATION SINCE ITS FOUNDATION AND ACROSS
THE HISTORY
We’re building on a strong history of innovation at Generali, dating back almost 190 years.
Generali has led the way in insurance innovation since the 1800’s.
1896
Generali launch
insurance policy
vending machine,
where travel
insurance could be
purchased for 10
cents
1977
Generali win the
tender to insure the
first Italian
telecommunications
satellite
1992
Generali insure the
first Italian astronaut
to go into outer
space
1963
Europ Assistance
invent and launch
the concept of travel
assistance
1881
Generali launch
revolutionary ‘hail
atlas’, mapping hail
conditions and
frequency.
Generali overview

5. INNOVATION IS AT THE CORE OF GENERALI’S STRATEGY
AS ONE OF THE THREE PILLARS OF LIFETIME PARTNER 24
Improve Life business profile and profitability
Redeploy capital to profitable growth initiatives
Develop Asset Management franchise further
Boost P&C revenues and maintain best-in-class technical margins
Grow capital light business, technical profits and ESG product range
Underpin growth with effective cost management
ENHANCE EARNINGS PROFILE
LEAD INNOVATION
Increase customer value through Lifetime Partner advisory model
Accelerate innovation as a data-driven company
Achieve additional operating efficiency by scaling automation and technology
DELIVER STRONG FINANCIAL PERFORMANCE, BEST-IN-CLASS CUSTOMER EXPERIENCE AND AN
EVEN GREATER SOCIAL AND ENVIRONMENTAL IMPACT THANKS TO OUR EMPOWERED PEOPLE
€ 1.1 billion
CUMULATIVE INVESTMENTS IN
DIGITAL AND TECHNOLOGY
Generali overview

6.  Fuel innovation by
(co)financing local
and international
initiatives
13
Rounds
completed
183
Ideas funded
45+
New value
propositions
INNOVATION
FUND
WE HAVE SET-UP A COMPREHENSIVE INNOVATION PLATFORM TO
SUPPORT THE GROUP’S STRATEGY WHILST PREPARING IT FOR
THE FUTURE
TRAININGS
4
CORPUP STUDIOS
EXTERNAL
VC FUNDS
 Two dedicated hubs
to co-create new
business models /
solutions with
StartUps:
 Boost industrial
and financial
growth through a
€250m VC initiative
Selected logos / examples
1
2
 17k+ colleagues
reached via our
training program
developed with Group
Academy
 A growing network of
200+ Champions
driving innovation
across BUs
Focus on next slides
TOOLS
 Innovation tools
Generali Innovation platform

7. INNOVATION TRAININGS PROVIDE THE CULTURAL UNDERLAYER
TO ENSURE THAT INNOVATION HAPPENS AT ALL LEVELS AND IN
ALL THE BUS OF THE GROUP
7.000+
7000
⁓all
200+
20-50
N. of colleagues
Innovation
Leadership Program
We have set-up a comprehensive global innovation training platform to provide every Generali employee with
the right tool-kit and methodologies to execute Innovation projects and become an innovator
People & Digital Culture

8. WHO is a “Champion”?
‘‘A person who vigorously supports or defends a person
or cause”
WHAT is the Innovation Champions programs?
INNOVATION CHAMPIONS – TRAINING A COMMUNITY
OUTCOMES
 Gain expertise in innovation methodology, tools and
approaches
 Increased proximity to the Innovation Fund, awareness of
funded ideas, criteria, board decision making etc.
 Ongoing support including from GHO and Innovation
Experts
 Develop a personal network of innovators at Generali
BENEFITS
 Ready-made innovation experts able to train and
support others using our methodology
 A global network of ambassador supporters able to
deliver and steer innovation across the Group.
Employees who believes in its value, and cultivate that
belief in others
 A better lever for scaling-up / converging on ideas, as
well as better understanding of innovation occurring
across Generali
 Virtual facilitation expertise
A growing network of 200+ Champions trained
A 5-day advance bootcamp to provide Generali employees
with the most advance innovation practices and
methodologies with the goal of creating a large group of
innovation practitioners across all levels of the
organization.
People & Digital Culture

9. Tackling housing and financial issues for vulnerable migrants and refugees through inclusive
insurance solutions.
THE INNOVATION FUND IS GENERALI’S DRIVING FORCE OF
INNOVATION, HELPING TO DEVELOP NEW PRODUCTS AND BUSINESS
MODELS
• Launched in 2020, it
includes an Early
Stage engine to
stimulate new ideas
and an Acceleration
engine to scale
successful initiatives
• Accelerates innovation
by (co) financing local
and global initiatives
across the Group
• Is open to everyone
from everywhere
across the organization
and supports
collaborative and
sustainable
innovation
400+
Initiatives
evaluated
13
Rounds
Completed
20+
Countries
reached
183
Initiatives in
our portfolio
45+
New product and business
models
10+
New technology areas
explored
Includes successful initiatives with a clear LTP focus and significant potential
A platform bringing together customers, engineers and intermediaries to multiply our loss prevention
capacity on SME industrial risks. It leverages on a number of IoT devices and sensors to provide
Generali France with a state-of-the-art early detection capability.
Selected examples
New Mobile-Only distribution models and value propositions for payments in collaboration with
challenger banks.
Digital Bancassurance
Infrastructure

10. 300
meetings recorded
with startups
200+
Generali users
added to the platform
 Co-published the last edition of the “The InsurTech 100” report with Sønr:
annual publication ranking the top 100 leading InsurTechs globally
 Bloom Flow is the innovation mgmt
platform of Generali to support
convergence, visibility and scaling of
projects
 The platform has been adopted by all
business units of the Group at global
level
 Dedicated case-study available online
with free download
TOOLS: SINCE THE DEPLOYMENT OF BLOOM FLOW, GENERALI HAS
BEEN ABLE TO FURTHER INCREASE PACE OF INNOVATION (4X) AND
SCALABLE PROJECTS (+40%)
+40%
In projects
scalability
1000+
StartUps tracked
4x
Faster pace of
innovation*
10x
More
contributions
* This is measured by the time projects take to advance through workflow steps
+70%
More visibility on
projects
Bloom Flow: the Generali innovation management platform
Sønr: our market intelligence platform and research partner
Infrastructure

11. HITS & Future4Care are our two CorpUps studios in Europe
CORPUPS REPRESENT AN EFFECTIVE APPROACH TO COLLABORATE
EFFECTIVELY WITH STARTUPS AND CO-CREATE NEW SOLUTIONS
What is a CorpUp?
A place and a team of skilled innovation professionals
experienced in partnering with StartUps and creating
together with them new products, solutions and/or
business models. An effective and efficient form of
collaboration between a COPRorate and a StartUP, to
produce concrete business impact
 Generali’s first CorpUp created in 2020 in
Zurich with a focus on all LoBs
147
StartUps
Scouted
31
Matches
identified*
17
Active
partnerships
17
Investments
6
PoCs
deployed
20
Hosted
StartUps
 Created in 2022 in Paris in joint venture with
other 3 corporates (cross-industry) with focus on
HealthTech
3
Batches
9
Active
partnerships
50
StartUps
accelerated
9
PoCs
deployed
50
Hosted
StartUps
160
StartUps
Scouted
* Number of matches with Generali business functions
Ecosystems

12. THANK YOU