Generali launches Generali Global Pension, a new business unit designed to support multinationals in risk reduction and in the creation of pension plans aimed at pooling contributions paid in different countries. The Lion announces it in a note.
Generali Global Pension also aims to broaden Generali's asset management platform, developing a new distribution channel, specific ESG (environmental, social and governance) issues and long-term investment capabilities, and to strengthen the global leadership of Generali Employee Benefits (GEB), completing the pension offer. Finally, Generali Global Pension is aimed at local markets.
Globally, the pension asset market totals approximately $38,1 trillion, an increase of 3,5% annually, and has strong growth potential for investment, innovation and services.
“GGP was created to address and satisfy ever-evolving pension needs,” says Jean-Laurent Granier, Country Manager France and head of Europ Assistance Group.
