Sustainability Report 2012 - Generali Versicherung AG

Products with particular environmentalvalueThe Group aims to encourage environmentally sustainablebehaviour among its clients through the design anddistribution of products and services with particularenvironmental value. In 2012, the distribution of suchproducts totalled in excess of 1,484 million euros. Thissignificant increase compared to the previous year’s resultswas due both to an actual increase in the sale of theseproducts and the refinement of the data collection process(for the Czech Republic, data is only available for ČeskáPojišt'ovna).In the corporate segment, the Group aims to encourageinsured companies to comply with environmentalprotection laws and to undertake effective risk preventionmeasures, making the provision of insurance cover subjectto the implementation of certain minimum measures andadapting the insurance rates according to the extentof the precautions taken. To this end, the underwritingpolicy for property and third party liability risks requiresthe careful assessment of companies with high risk socioenvironmentalprofiles and the provision of advice with aview to assisting customers to implement safety measuresto reduce risk exposure. Where formal and/or substantiveweaknesses are identified in the preventive measurestaken, premiums may be increased and, in more seriouscases, the Group company may actually refuse to provideinsurance cover.compensable damage and non-recoverable lossesarising from failure to comply with the provisions of thelaw or intentional failure to prevent the damage.In 2012, Fata Assicurazioni launched an environmentalresponsibility policy for industrial facilities in Italy, whichprovides a number of innovations including: the extent ofcoverage for pollution damage caused by asbestos as aresult of fire or explosion and damage of dangerous goodsentrusted to a third party during rail or road transport.Policies for financial losses as a result of pollutiondamage:• policies covering the financial consequences of damagecaused by general environmental pollution and specificguarantees for economic losses due to water pollution.Policies covering equipment for the production ofrenewable energy:• products covering special structures such as hydroelectricplants, wind farms and biomass plants. These policiescan also be supplemented by additional riders coveringdamages caused by fire, theft or the breakdown ofmechanical equipment used for the production of energy.In order to encourage the spread of eco-sustainablebehaviours, some Group companies grant discountedrates to businesses that are certified under EMAS andISO 14001.The attention paid by Group companies to eco-sustainablebehaviour is also mirrored in the individual client segment.Third party liability insurance for vehicles:• discounted rates of up to 50% of the annual premium areoffered to clients that insure “green” vehicles (i.e. electric,hybrid, gas, etc.), vehicles with low CO 2emissions andvehicles with low annual mileage;• special discounts relating to third party liability insurancemay be applied locally for clients with an annual publictransport subscription.Policies covering equipment for the production ofrenewable energy:• in the area of traditional household insurance coverage,specific guarantees have been developed coveringweather damage to solar or photovoltaic panels, orsimilar systems. In some cases, these products aresupplemented to include cover for indirect damage,i.e. for any loss of profit arising from interruption to orreduction in the production of electricity.Gentlemen on the Road, Czech RepublicPollution liability policies:• products, which cover the reimbursement of costs foremergency or temporary measures to prevent or limitPolicies covering damage due to catastrophicevents:• as a result of analysis conducted on climate risks, someGroup companies have developed specific policies(and/or guarantees) to cover losses caused by naturaldisasters.88 | Assicurazioni Generali - Sustainability Report 2012