Generali Invests $340 Million in Infrastructure Resilience Development Fund
Generali Insurance AG has partnered with the Insurance Development Forum and international organizations to provide $340 million in seed capital for the first closing of the Infrastructure Resilience Development Fund (IRDF). The IRDF aims to facilitate insurance industry investments in infrastructure projects that strengthen the resilience of vulnerable communities in emerging markets to climate risks and natural disasters. Generali's investment confirms its commitment to supporting communities affected by climate change and natural disasters.
Key Takeaways:
- Generali has invested $340 million in the IRDF, a public-private partnership led by the insurance industry and supported by international organizations such as the United Nations and the World Bank.
- The IRDF focuses on infrastructure projects in emerging and developing countries, with the aim of mobilizing and investing in small and medium-sized commercial infrastructure projects.
- Generali's investment is part of its commitment to supporting communities affected by climate change, natural disasters, and related economic shocks.
- The IRDF serves as a catalyst to stimulate greater mobilization and investment by the insurance sector in vulnerable communities.
- Francesco Martorana, Generali's Group CIO, emphasized the importance of promoting resilience and protection in communities affected by climate change and natural disasters.
Statistics:
- Total investment in the IRDF: $340 million
- Number of employees at Generali: approximately 87,000
- Number of customers served by Generali: 71 million
- Assets under management at Generali: over €800 billion
- Premiums generated by Generali: €95.2 billion
Sources:
- Generali Insurance AG
- Insurance Development Forum
- United Nations
- World Bank
- Contify.com (Copyright 2017)