Italian insurance group Generali has received Solvency II approval from IVASS, the Italian Institute for the Supervision of Insurance.
The approval provides authorisation for the use of a partial internal model to calculate the solvency capital requirement at group level as well as the solvency capital requirements for its main Italian and German insurance companies, for the non-life French companies and for Czech company Ceska Pojistovna.
Generali said more information about the approval will be provided at the time of its 2015 Full Year results presentation, on 18 March.