Insurance Alliance, a long-standing company in the Italian insurance sector of the Generali Group, celebrates its 125th anniversary by launching Allied Social Security, an insurance product of supplementary pension.
Allied Social Security combines them guarantees of LTC policies (Long Term Care) with the permanent disability coverage from injuries. In case of non-self-sufficiency, it also offers the doubling of the pension income.
Alleanza Assicurazioni enjoys solid financial stability, with a solvency ratio of 292%, one of the highest in the Italian insurance market.
Respond to requests for supplementary pension forms
Alleanza Assicurazioni has introduced this new insurance solution, a renewal of its historic PIP (Individual Pension Plan), for meet people's pension supplement needs. The new product places an emphasis on sustainability, with the Alliata Bilanciata and Alliata Azionaria investment funds promoting social, environmental and governance (ESG) characteristics in compliance with regulation 1257/2021. The goal is to protect people's autonomy and peace of mind, ensuring financial security for the future.
Public spending on pensions in Italy is close to 300 billion
In 2022, the public spending on pensions in Italy it has reached almost i 300 billion of euros (297 billion according to Sistan), representing approximately 15% of GDP. The elderly population, over 65 years of age, exceeds 14 million and is expected to reach 20 million by 2045. At the same time, the number of non-self-sufficient people is increasing, currently around 4 million, with an expected gross expenditure of 34 billion , of which 23 billion are private spending, according to the latest report of the Italian Social Security System Budget.
“In the Alliance, we want do our part alongside our customers and communities, making insurance popular in Italy. This commitment is already demonstrated by our activity: for 125 years we have been the reference company for Italian families. With Alleata Previdenza, thanks to an innovative protection component to protect autonomy, we provide a solution that responds to the issues raised by the progressive aging of society, both from the point of view of the pension system and that of well-being in old age, increasingly priority needs for Italians. As insurers, we have the task of creating awareness of these changes, providing concrete solutions to the real needs of citizens" he declared Ivan Mestriner, Life and P&C Manager of Insurance Alliance.
