(Finance) – Il Credem Group and Reale Mutua Assicurazionia historic player in the insurance field, have renewed their multi-year contract collaboration began over 10 years ago in the bancassurance sector, confirming the equal partnership in Credem amministrazione, a company active in the non-life sector. The objective is to continue to ensure the consolidation of the company and the ever-increasing efficiency of business processes, as well as the progressive expansion of the product portfolio and the long-term stability of the collaboration. The partnership between the two groups also aims to optimize their respective skills and to increase the level of service offered to Credem Group customers.
The composition of the has been confirmed Board of Directors of Credem Assicurazioni with Lucio Igino Zanon di Valgiurata (President of Credem and Credemholding) President and Luigi Lana (President of Reale Mutua and Italiana Assicurazioni) Vice President. The company, whose products are distributed by the Credem Group networks, expects to reach premium income of 62.4 million euros by the end of 2024 (compared to 58.4 million euros at the end of 2023) with a growth of 7%. The important results achieved demonstrate the constant attention of the Credem Group towards insurance protection solutions to enrich and innovate the product range to respond to all the life needs of customers with innovative services with a view to constant investment for the creation of well-being for all customers .
The renewed partnership will, in particular, allow the Credem Group to: identify solutions in line with the needs of all customer segments assisted by the Credem Group’s distribution structure through constructive collaboration with Reale Mutua Assicurazioni, a historic company that boasts solidity and national experience and international; offer the market advanced and innovative services (such as the health protection solutions of Blueassistance of the Reale Mutua Assicurazioni Group and the Virtual Hospital); have distinctive technical assistance, training and information support on the market; further evolve the “Sustainability” path already undertaken by Credemassociazione both from the point of view of the product offering and from the point of view of strengthening the governance model and employee training.
“We are very satisfied with the renewed partnership with Credem Assicurazioni“, he has declared Luigi Lana, President of Reale Mutua. “This collaboration allows us to combine our skills and offer our policyholders innovative solutions and advanced services. Furthermore, it allows us to have a constant, clear and constructive discussion to identify solutions to support the Credem Group’s distribution network”.
“More than 10 years have passed since the agreement with Reale Mutua Assicurazioni was signed,” he added Lucio Igino Zanon di Valgiurata, President of Credem “and in this period we have consolidated our alliance with mutual and profound satisfaction. I am convinced that thanks to this virtuous collaboration”, continued Zanon, “we will continue to generate considerable added value for our customers in the future, always with the objective of creating sustainable value and well-being over time for all our stakeholders”.
“The partnership with Reale Mutua Assicurazioni is a fundamental component in our non-life protection development strategy”, he finally declared Rossella Manfredi, General Director of Credem Assicurazioni. “The confirmation of this important alliance”, added Manfredi, “will allow us, thanks to the distinctive skills of our partner and the strength of the consultants and agents of the Credem Group, to continue with a robust growth trend in the coming years, remaining always alongside our insured with cutting-edge solutions that allow effective creation of value”, concluded Manfredi.
The Credem Group is listed on the Italian Stock Exchange and has a total business at the end of 2023, between total funding and loans, equal to to over 130 billion euros. Credem is the most solid institution at European level based on the data published in December 2023 by the European Central Bank relating to the capital requirements (SREP) of the banks directly supervised by the Frankfurt authority, with the confirmation of the Pillar 2 requirement at 1%. Requirement (P2R) of the Group, demonstrating the effectiveness of the business model and risk management measures.