Letter from the Chairman
The Cattolica Assicurazioni Group ended 2018 with a positive result, in line with the objectives of the 2018-2020 Business Plan. In an increasingly competitive and complex scenario, from an economic and financial perspective, our Company has been able to carve out a leading role in the national insurance sector, making a series of strategic decisions from which we are beginning to reap the benefits.
Significant investments have been made in various business areas, in order to respond in an increasingly prompt and specific manner, to the demands of our customers and all stakeholders.
The transformation project in progress enables us to further develop our range of action, by expanding growth opportunities and creating well-being for the communities in which we operate.
Cattolica has been able to keep its identity intact, whilst adapting to the times of a rapidly changing economy: it has maintained its cooperative business model, reformed its governance, by adopting the one-tier model and has opened up capital to Shareholders.
It is the only European cooperative company to have chosen this management and administrative structure, always safeguarding its relationship with the reference territory, partly due to the activity of its Foundation, which is committed to supporting the initiatives in terms of solidarity, voluntary work and subsidiarity.
For Cattolica, corporate social responsibility is an original vocation, which accompanies the company’s development process.