Unipol chair Cimbi confident to beat plan targets

Unipol chair Cimbi confident to beat plan targets

Unipol Chair Cimbri Confident to Beat Plan Targets

Carlo Cimbri, Chairman of Unipol Assicurazioni S.p.A., has expressed confidence in the group's ability to exceed the targets outlined in its 2025–2027 strategic plan, "Stronger|Faster|Better," despite evolving market dynamics. Under his leadership, Unipol has undergone significant structural and operational transformations, including the 2024 merger of UnipolSai Assicurazioni into Unipol Gruppo S.p.A., which streamlined governance and enhanced capital efficiency.

The strategic plan emphasizes growth in non-life and life insurance, digital innovation, and ecosystem expansion in mobility, health, and bancassurance. Unipol aims to achieve €18 billion in total insurance income by 2027, up from €15.6 billion in 2024, with non-life premiums targeting €10.6 billion (4.9% CAGR) and health insurance premiums projected to reach €1.4 billion (7.7% CAGR). Life insurance premiums are also expected to grow to €7.4 billion by 2027, reflecting a 4.8% compound annual growth rate.

Financial performance in 2024 reinforced this optimism. The group reported a consolidated net profit of €1.119 billion, a 5.2% increase from 2023, with non-life direct premiums rising 7.7% to €9.175 billion. A combined ratio of 93.9% for 9M 2024, down from 99% in 9M 2023, signaled improved underwriting profitability. Cimbri's focus on digital transformation, including AI-driven underwriting and telematics, has also bolstered operational efficiency, with over 1.5 million connected motor policies enabling dynamic pricing and fraud detection.

However, challenges remain. Intense competition, regulatory shifts, and climate-related risks could pressure margins. Unipol's Solvency II ratio of 224% at year-end 2024 provides a buffer, but Cimbri acknowledged the need for disciplined execution to navigate macroeconomic uncertainties.

With a strategic emphasis on ecosystem integration, bancassurance expansion, and capital-light growth, Unipol's trajectory under Cimbri reflects a blend of prudence and ambition. The group's ability to meet—or surpass—its 2025–2027 targets will hinge on maintaining its momentum in digital innovation and market share gains while mitigating external headwinds.