Generali has announced the launch of Generali Core Tech, a new group software factory.
The factory will enable the company to build scalable, shared and innovative platforms that support business growth and help deliver consistently higher value to customers and partners.
Generali Core Tech will focus on the management and further development of “Insurance in a Box” (IIAB), a shared core insurance platform for both life and property and casual insurance, advancing the platform’s roll-out programme.
IIAB is already live in Spain and Switzerland and is currently being extended to Portugal, Hungary, Slovenia and Croatia.
The initial perimeter of the project will cover about 15 million policies group-wide.
The new software factory will build a team of around 150 experts, adopting advanced development methodologies, supported by GenAI-powered tools, and working in close collaboration with local teams across the business units.
Generali Core Tech will leverage RGI’s platform, a provider of insurance software in Italy and across Europe.
David Cis, group chief operating officer at Generali, said: “Generali Core Tech, together with RGI, will continue to evolve the ‘Insurance in a Box’ platform shared across multiple business units. This will allow us to strengthen our leadership in key skills development, support local teams in new systems development and strengthen the use of AI/GenAI in radically changing software development processes.”
This strategic initiative is part of Generali’s commitment to harness new solutions and platforms as accelerators for the “Lifetime Partner 27: Driving Excellence” plan. The strategic plan foresees investments of €1.2–1.3 billion in AI and technology to support operational efficiency, technical excellence and customer experience, the company said.
