The Italian insurer sets ambitious targets for the next three years.
A budding spring in Venice formed a pleasant backdrop to Generali’s recent investor day conference, and the promise of the season was not lost on the attendees.
Indeed, chief financial officer Cristiano Borean, speaking directly to finews.asia, waxed effusively about how the Asia Pacific region was integral in achieving the group’s strategic targets between 2025 and 2027.
Second in Malaysia
The insurer cum asset manager became the second-largest group in Malaysia after a takeover last year and it has solid market positions in Vietnam and China.
«And we still have big plans for China,» Borean maintained.
The India Opportunity
But the Indian subcontinent is where most business opportunity lies right now, he indicated.
«It is a market with tremendous potential,» he said.
Barriers to Entry
The demand for insurance solutions in the corporate sector is significant, although foreign companies do face certain barriers before they can start doing business there.
«Our plans have worked out until now. But we shouldn’t become overly exuberant and keep the risks in sight,» Borean stated.
