Generali accelerates pivot to ‘capital light’ products
Tilt to unit-linked products helps relieve capital burden
Italian insurance giant Generali exceeded its ambition to tilt its life business away from capital intensive policies in 2018, increasing the share of its overall life reserves attached to non-guaranteed products by 8.6 percentage points.
The share of the group's total life reserves linked to so-called 'capital light' unit-linked and zero-guarantee products hit 57.1% at end-2018, up from 51.7%
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