Generali Global Corporate & Commercial and NHAZCA, a spin-off from the Sapienza University in Rome, announce a strategic partnership. Generali’s P&C Business Unit Global Corporate & Commercial (GC&C) enhances its existing capabilities in underwriting, risk engineering & loss prevention, and claims management thanks to the support of NHAZCA S.r.l., which will provide its expertise in satellite, aerial and terrestrial sensing services, with the main applications being in Nat Cat & Earthquake, structural health monitoring and landslides related risks.
With a potentially unlimited geographical perimeter of activity, Generali GC&C can now leverage on NHAZCA’s expertise in Satellite SAR (Synthetic Aperture Radar) Interferometry, one of the most advanced and highly performing remote sensing technologies which is able to control and minimize construction and property risks.
This technology is based on microwaves, which are more suitable than standard optical satellite images, as they allow to detect with millimetric accuracy the spatial and structural conditions of land portions or large infrastructures. Moreover, the risk analysis can also recover and analyze the sites’ status and its evolution over time thanks to the historical data recorded by the satellites, thus providing the insurer with a complete databased and time-based picture.
Manlio Lostuzzi, Generali Global Corporate & Commercial CEO, said:
“I think our greatest asset can be seen in the way we partner with our clients. We work every day to speak their language, understand their most troubling concerns and use our global experience, local knowledge and innovation technologies to promote and protect their interests. This means we are more service-led than process-based, ready and willing to
think outside established industry practices and constantly innovating to add value beyond the policy.
Risk Engineering & Loss Prevention, together with Underwriting and Claims, have always been about expert data management and our industry is now on the verge of becoming even more science based. Thanks to the collaboration with NHAZCA, GC&C strengthens its ability to meet the most sophisticated clients’ insurance needs, by further preventing and mitigating their risk exposures and enhancing cost-effectiveness in the