2013-2015 Strategic Plan Results
1414
MLN €
CONSOLIDATED NET PROFIT
4.6
%
INVESTMENT YIELD
168
%
SOLVENCY RATIO
390
MLN €
FONSAI INTEGRATION SYNERGIES
The competitive environment
Customer behaviour
Target markets
Technological development
Regulatory framework
Customer behaviour
- Climate change, well being, ageing and generational changes
- Customers are increasingly likely to steer the process of their purchases through digital and hybrid means
- Cultural evolution from “possession” to “use” and growing demand for flexibility
Target markets
- Forecast of a motor insurance market still in “deflation” during 2016 but with signals of recovery in terms of new car registrations
- Prolonged phase of low interest rates
- Demographic and social evolution and progressive disengagement of the State with a considerable impact on welfare
Regulatory framework
- 2015 - Banking Resolution and Recovery Directive
- 2016 - Solvency II
- 2016 - Packaged Retail and Insurance -Based Investment Products
- 2016 - Law Decree Concorrenza (being discussed)
- 2018 - Insurance Distribution Directive
- 2018 - EU Data Protection
The Unipol Way
Future targets
2016-2018 Strategic Plan challenges
THE MARKET ENVIRONMENT IS CHALLENGING
- Non-Life technical profitability is shrinking
- Non-Life technical profitability is shrinking
- Economic growth is still weak
BUT WE HAVE LAID SOLID FOUNDATIONS
- 2012-2015 plan targets exceeded
- Integration of the Fondiaria-Sai Group successfully finalised
- Company and capital structure streamlined
WE HAVE IMPORTANT ASSETS TO FOCUS ON
- Leader in Europe in Motor policies with blackbox
- Leader in Italy in Non-Life business
- The largest agency network in the domestic market
AND WE HAVE STARTED TO CHANGE OUR FUTURE
- New Motor products launched offering high-level services
- Onset of AlfaEvolution to manage blackboxes and big data
- UniSalute, Finitalia, APB and MyGlass are core companies which offer services and ensure cost savings in the claims settlement process