Generali launches Core Tech to drive group-wide tech overhaul

Core Insights - Generali has launched Generali Core Tech, a software factory aimed at enhancing its technology transformation as part of the Lifetime Partner 27: Driving Excellence plan, with an investment of €1.2bn–1.3bn [1][4] - The initiative will create scalable platforms to support business growth and improve value for customers and partners [1] Group Structure and Operations - Generali Core Tech will serve as a center of excellence with approximately 150 specialists utilizing advanced development methodologies and GenAI-based tools, collaborating with local business teams [2] - The new unit will manage and improve the Insurance in a Box (IIAB) platform, which is a core insurance solution for life and property and casualty operations [2] Implementation and Impact - IIAB is already operational in Spain and Switzerland, with plans to expand to Portugal, Hungary, Slovenia, and Croatia, covering around 15 million policies across the group [3] - The introduction of IIAB has enhanced technological flexibility and achieved economies of scale and scope within Generali's insurance activities [3] Leadership and Strategic Direction - David Cis, Generali's group chief operating officer, emphasized the importance of Generali Core Tech in driving group synergies and technological transformation [4] - The initiative aims to bolster leadership in skill development and support local teams in new system development, while also enhancing the use of AI and generative AI in software development processes [5]