{"id":598,"date":"2023-05-17T10:37:40","date_gmt":"2023-05-17T08:37:40","guid":{"rendered":"https:\/\/www.prysmianriassicurazioni.com\/prysmian-riassicurazioni\/"},"modified":"2024-04-02T17:15:47","modified_gmt":"2024-04-02T15:15:47","slug":"about-us","status":"publish","type":"page","link":"https:\/\/www.prysmianriassicurazioni.com\/en\/about-us\/","title":{"rendered":"Prysmian Riassicurazioni"},"content":{"rendered":"\t<\/div>\t<div class=\"im-text-img-var bg-white \">\n\t\t<div class=\"im-text-img-var__container full-width flex no-padding flex-row flex-column-mt\">\n\t\t\t<div class=\"im-text-img-var__column im-text-img-var__column-text\">\n\t\t\t\t<div class=\"im-text-img-var__text-wrap\">\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h2 class=\"im-text-img-var__title h2 text-secondary\">Why a captive?<\/h2>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<div class=\"im-text-img-var__paragraphs\">\n\t\t\t\t\t<p>The establishment of a Reinsurance Captive, as a risk financing solution, is a fundamental tool to achieve the company&#8217;s strategic objectives, as it allows for a significant improvement of the Group&#8217;s Insurance and Risk Management activities.<\/p>\n<p>&nbsp;<\/p>\n<p>A well-structured Captive strategy provides several benefits, i.e. increasing flexibility and control over insurance programs, reduction in the Total Cost of Risk (TCOR), increasing coverage capacity despite the presence of Hard Market situations, and improving traditional market diversification.<\/p>\n<p>&nbsp;<\/p>\n<p>Managing a Captive requires a good knowledge of the insurance market, transversal skills in the technical-regulatory field, and quantitative, actuarial and risk management skills to support a sound capital management.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"im-text-img-var__column im-text-img-var__column-media min-height\">\n\t\t\t\t<picture>\n\t\t\t\t    <source\n\t\t\t\t\t\ttype=\"image\/webp\"\n\t\t\t\t\t\tmedia=\"(min-width: 768px)\"\n\t\t\t\t\t\tsrcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/themes\/prysmianriassicurazioni.com\/assets\/img\/spacer\/spacer.png\"\n\t\t\t\t\t\tdata-srcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/uploads\/2024\/02\/Foto4-1920x1080.jpg\">\n\t\t\t\t\t<source\n\t\t\t\t\t\tmedia=\"(min-width: 768px)\"\n\t\t\t\t\t\tsrcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/themes\/prysmianriassicurazioni.com\/assets\/img\/spacer\/spacer.png\"\n\t\t\t\t\t\tdata-srcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/uploads\/2024\/02\/Foto4-1920x1080.jpg\">\n\t\t\t\t\t<source\n\t\t\t\t\t\ttype=\"image\/webp\"\n\t\t\t\t\t\tsrcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/themes\/prysmianriassicurazioni.com\/assets\/img\/spacer\/spacer.png\"\n\t\t\t\t\t\tdata-srcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/uploads\/2024\/02\/Foto4-800x800.jpg\">\n\t\t\t\t\t<img\n\t\t\t\t\t\tsrc=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/themes\/prysmianriassicurazioni.com\/assets\/img\/spacer\/spacer.png\"\n\t\t\t\t\t\tdata-src=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/uploads\/2024\/02\/Foto4-800x800.jpg\"\n\t\t\t\t\t\talt=\"Why a captive?\"\n\t\t\t\t\t\twidth=\"800\" height=\"800\" class=\"lazyload\">\n\t\t\t\t<\/picture>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t<div class=\"cms-content\">\n\n\t<\/div>\t<div class=\"im-text-img-var bg-light \">\n\t\t<div class=\"im-text-img-var__container full-width flex no-padding flex-row-reverse flex-column-mt\">\n\t\t\t<div class=\"im-text-img-var__column im-text-img-var__column-text\">\n\t\t\t\t<div class=\"im-text-img-var__text-wrap\">\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h2 class=\"im-text-img-var__title h2 text-secondary\">LoBs<\/h2>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<div class=\"im-text-img-var__paragraphs\">\n\t\t\t\t\t<p>Pursuant to Article 1 paragraph 1 of the Italian Insurance Law (Codice delle Assicurazioni Private), Prysmian Riassicurazioni S.p.A. intends to reinsure the risks of the Prysmian Group\u2019s subsidiaries, to which it belongs. The reinsurance treaties underwritten are non-proportional insurance agreements with the world&#8217;s leading (re)insurance companies.<\/p>\n<p>&nbsp;<\/p>\n<p>The Italian Insurance Supervisory Authority has authorised the Company to underwrite reinsurance treaties in the following non-life Lines of Business (according to the Italian law):<\/p>\n<ul>\n<li>LoB 8 &#8211; \u201cIncendio ed elementi naturali\u201d i.e. Property damage and Business Interruption;<\/li>\n<li>LoB 9 &#8211; \u201cAltri Danni ai Beni\u201d i.e. Employers liability, CAR EAR;<\/li>\n<li>LoB 13 &#8211; \u201cResponsabilit\u00e0 Civile Generale\u201d i.e. General liability;<\/li>\n<li>LoB 14 &#8211; \u201cCredito\u201d i.e. Credit.<\/li>\n<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"im-text-img-var__column im-text-img-var__column-media min-height\">\n\t\t\t\t<picture>\n\t\t\t\t    <source\n\t\t\t\t\t\ttype=\"image\/webp\"\n\t\t\t\t\t\tmedia=\"(min-width: 768px)\"\n\t\t\t\t\t\tsrcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/themes\/prysmianriassicurazioni.com\/assets\/img\/spacer\/spacer.png\"\n\t\t\t\t\t\tdata-srcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/uploads\/2024\/04\/solare1-1920x1080.jpg\">\n\t\t\t\t\t<source\n\t\t\t\t\t\tmedia=\"(min-width: 768px)\"\n\t\t\t\t\t\tsrcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/themes\/prysmianriassicurazioni.com\/assets\/img\/spacer\/spacer.png\"\n\t\t\t\t\t\tdata-srcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/uploads\/2024\/04\/solare1-1920x1080.jpg\">\n\t\t\t\t\t<source\n\t\t\t\t\t\ttype=\"image\/webp\"\n\t\t\t\t\t\tsrcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/themes\/prysmianriassicurazioni.com\/assets\/img\/spacer\/spacer.png\"\n\t\t\t\t\t\tdata-srcset=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/uploads\/2024\/04\/solare1-800x800.jpg\">\n\t\t\t\t\t<img\n\t\t\t\t\t\tsrc=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/themes\/prysmianriassicurazioni.com\/assets\/img\/spacer\/spacer.png\"\n\t\t\t\t\t\tdata-src=\"https:\/\/storage1362.cdn-immedia.net\/wp-content\/uploads\/2024\/04\/solare1-800x800.jpg\"\n\t\t\t\t\t\talt=\"LoBs\"\n\t\t\t\t\t\twidth=\"800\" height=\"800\" class=\"lazyload\">\n\t\t\t\t<\/picture>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t<div class=\"cms-content\">","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":648,"parent":0,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-598","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>About us - Prysmian Riassicurazioni<\/title>\n<meta name=\"description\" content=\"The establishment of a Reinsurance Captive allows to improve Insurance and Risk Management activities. 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