Generali Group sees large potential for growth in India as part of its strategic expansion plan in Asia: an assertion that was underlined by the Group’s recent announcement that it will almost double its stake in Future Group from 25.5% to 49%.
Generali’s presence in India is currently in the form of two joint ventures called Future Generali India Life Insurance Company Limited and Future Generali India Insurance Company Limited (non-life insurance).
Generali will commit approximately €120 million to help grow the distribution network of Future Group, a unique digital platform and customer ecosystem that offers insurance protection solutions within India.
The long-standing partnership with Future Group currently generates gross written premiums of €375 million that have been growing steadily year after year.
The full press release is available here: