The agreement also covers agricultural protection and financial solutions for ageing populations.
Generali and the World Bank Group (WBG) have today signed a Memorandum of Understanding during the Annual Meetings of the WBG and the International Monetary Fund in Bangkok, built on a shared commitment to mobilise private capital, strengthen resilience and expand targeted insurance and investment solutions across emerging markets.
The collaboration aims to advance emerging markets investment solutions as well as relevant insurance offerings.
For investment, Generali and the WBG will cooperate to create investable opportunities that can help channel institutional capital towards frontier and emerging markets whilst meeting Generali’s investment requirements.
For insurance solutions, initially focused on Asian markets, the partnership will focus on three priority areas: develop coverage options to match the needs of ageing populations in line with the WBG’s Silver Economy Program, provide targeted support to the agricultural sector for climate and crop insurance, and strengthen disaster and climate risk protection.
Furthermore, the parties will also cooperate to support risk pooling across the emerging regions, creating diversified and scalable structures for disaster-risk coverage and to design innovative risk-pooling mechanisms linked to climate risks.