UnipolRe: expertise to make a difference in Europe
Why was UnipolRe launched?
UnipolRe represents the first step in a long-term strategy of diversification and growth for UnipolSai Assicurazioni. Our parent company is the biggest insurer in Italy with a substantial market share in the country. It is a very well capitalised and well run insurer with deep expertise in many lines of business, particular third party liability risks.
The scope for it to grow in Italy is very limited, partly due to Italian regulations regarding market share and partly because under Solvency II regulations companies are penalised for having a concentration of risk. A move into reinsurance was considered a natural step for the company and the diversification will ultimately offer our parent significant capital relief under Solvency II.
What sets UnipolRe apart from other reinsurers?
We are unique in two distinct ways that we believe will be of great interest to many insurers in Europe.
First, because of the deep experience and expertise of our parent, which has one of the largest books of third party liability business in Europe, we have access to incredibly sophisticated analytics and data around certain types of business, such as third party liability business.
We want to work with insurers across Europe on a proportional and a non-proportional basis to help them better manage their liabilities around certain risks. We believe we have expertise and underwriting knowledge that is unmatched by any other reinsurer in certain areas.
