Generali International Company & Industrial (GC&C) has named Michele Pignoli as Head of a newly established unit centered on Various Danger Switch (ART) and Parametric insurance coverage options, as the corporate units its sights on scaling up this phase below its new 2025–2027 Subsequent Stage strategic plan.
Scaling up the product providing in ART and Parametrics is central to GC&C’s new roadmap, which focuses on driving technical excellence, enhancing consumer service, and delivering revolutionary danger switch options.
The formation of the devoted unit, now led by Pignoli, underscores the agency’s ambition to combine each conventional and non-traditional danger switch approaches right into a extra agile and client-centric providing.
Pignoli has over 10 years of insurance coverage and reinsurance business expertise, having most recently served as the Global Head of Parametric Products & Solutions at GC&C.
Previous to this, he was Head of Group Insurance coverage Capital Options at Generali, the place he specialised in insurance-linked securities (ILS) and ART.
Earlier than he joined Generali, Pignoli served because the Senior International Observe Chief for Various Danger Switch & Capital Options at Allianz International Company & Specialty (AGCS).
Then, earlier than he joined AGCS, Pignoli spent a number of years working at reinsurer Munich Re.
He joined the agency in 2014 as a reinsurance accountant for monetary dangers, after which went on to turn into a supervisor of analytics throughout the Munich Re Capital Companions staff in 2016, after which finally turned the Senior Monetary Controller for the reinsurer’s Digital Companions and Capital Companions models in 2019.
Commenting on his new function, Pignoli stated: “The institution of a devoted and structured unit for Various Danger Switch options, together with Parametrics, totally aligned with our imaginative and prescient of excellence and innovation, underscores our unwavering dedication to enhancing our consumer servicing.
“By integrating each conventional and non-traditional options, we goal to additional elevate our steadfast client-centric strategy and our dedication to being Lifetime Companions.”
The ART and Parametrics growth is only one of a number of strategic pillars inside GC&C’s Subsequent Stage plan.
The broader Subsequent Stage plan builds on the robust efficiency of the 2022–2024 three-year cycle, through which GC&C delivered greater than €2.9 billion in GWP and elevated profitability. It additionally aligns with the Generali Group’s overarching “Lifetime Companion 27: Driving Excellence” technique.
Alongside the ART and Parametrics push, the plan consists of priorities resembling advancing underwriting analytics, boosting the Captive and Multinational Packages providing, increasing cyber and specialty traces, and enhancing GC&C’s presence in markets together with Germany, Iberia, Latin America, and Asia.
Sustainability continues to be a key driver, with the enterprise embedding local weather adaptation and mitigation measures all through its operations and product innovation.
