Unipol Group

Italy
Europe

https://www.unipol.it/en

Industry:Insurance
Date joined:9 March, 2021
Initiatives:Principles for Sustainable Insurance

Unipol Group is the second insurance group on the Italian market, the first in Non-Life Business, and among the top ten in Europe. Its ordinary shares have been listed on the Italian Stock Exchange since 1990 and are included in the FTSE MIB index. Its main shareholders are key companies of the Italian cooperative movement. It counts with 11,836 employees and serves about 16,7 million customers, thanks to its network of 2,532 agencies and 5,401 sub-agencies across Italy. At the consolidated level (preliminary results), as at 31 December 2020, the Group had direct insurance premiums of € 12.2 billion, out of which € 7.9 billion in Non-Life Business and € 4.3 billion in Life Business.

The Group implements an integrated offer strategy in order to provide the widest range of insurance and financial products and services, and is particularly active in the area of supplementary pensions and health insurance. Its aim is to offer individuals, households and businesses greater security and confidence in the future, accompanying their choices regarding protection, savings and quality of life, while ensuring sustainable long-term growth for the benefit of all stakeholders: shareholders, customers, agents, employees, suppliers and communities.

The Group implements an integrated offer strategy in order to provide the widest range of insurance and financial products and services, and is particularly active in the area of supplementary pensions and health insurance. Its aim is to offer individuals, households and businesses greater security and confidence in the future, accompanying their choices regarding protection, savings and quality of life, while ensuring sustainable long-term growth for the benefit of all stakeholders: shareholders, customers, agents, employees, suppliers and communities.

In 2018, the Unipol Group joined the UN Global Compact and it published its first Communication on Progress (COP) for 2019. Furthermore, the Unipol Group signed the Principles for Responsible Investment in 2017, undertaking to consider social, environmental and governance factors when considering where to invest. Therefore, joining UN Environment’s Principles for Sustainable Insurance Initiative will be a further important step for Unipol to strengthen its undergoing commitment on ESG factors through a strong public commitment in particular towards the financial community. Furthermore, participating to meetings and networking events will support Unipol in reinforcing its expertise and capacity on identifying and managing ESG risks and opportunities.