“Profitable growth, innovation and data management and technical excellence: these are the three pillars on which Cattolica founded the 2018-2020 Industrial Plan introduced on 29 January of last year.” Alberto Minali, Managing Director of Cattolica Assicurazioni, recently held a lesson at the Luigi Bocconi University of Milan. The meeting with the university students was a chance to illustrate the progress that the company has planned over the three-year period and to take stock of the established programme exactly one year from its presentation on the market and to investors. Speaking of Cattolica, Minali pointed out the Group’s uniqueness in the insurance sector. In fact, it is a cooperative company founded in 1896 and listed on the stock exchange from 2000. “Ours is a two-fold business model - the Managing Director analysed - the one that is more rooted in the territory, connected to our shareholders, and the international one, represented by the world of our financial investors, including Warren Buffet who, just recently, also became a Cattolica shareholder.”

“Profitable growth means growth that is pondered and of value, to be pursued giving the right price to risk, and therefore to our insurance solutions - Minali explained in the classrooms where he had not stepped foot since 1984 as a university student - then there is attention to new technologies. On this front, Cattolica has signed a partnership with Google to create a repository to collect and analyse the company data and transform it into value, creating targeted offers. The digital theme, however, comes with some ethical issues, for example people who will lose their jobs once their duties become automated. At Cattolica, we are already studying solutions that envision personalised training for this human capital so that they will be supported through insertion in other offices. Lastly, we rely on technical excellence, which means considering how the system in which we move evolves. Take the car market, for example: if new generations will no longer need to purchase a car, we need to think about a mix of products to rebalance the business, relying on those sectors which will be essential in the future, such as private health, motivated by the ageing of the population.”