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ASSICURAZIONI GENERALI S.P.A.

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Generali: distribution agreement in Argentina with Mercado Libre

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12/04/2019 | 09:09am EST
Generali: distribution agreement in Argentina with Mercado Libre, the biggest e-commerce operator in South America

04 December 2019 - 14:40

  • Generali will distribute motor and home policies through Mercado Libre's portal
  • The partnership is incorporated in the development of B2B2C ecosystems as set out in the Generali 2021 three-year strategic plan

Milan - Generali, through the Argentinian subsidiary La Caja, stipulated a distribution agreement in Argentina with Mercado Libre, the biggest e-commerce operator in South America in order to distribute non-life insurance. The initiative represents another step in Generali's partnership with Mercado Libre, established in 2011 and characterised by the development of innovative and hugely successful formats for customers.

In particular, Mercado Libre's customers will be able to prepare quotes and underwrite LaCaja motor and home policies, by accessing Mercado Libre's digital platform. The development of this solution augments the insurance company's other channels like the mobile app, the website, direct telephone assistance, the 64 physical agencies spread throughout the country and the numerous distribution agreements already in place.

Jaime Anchústegui, CEO International of Generali, affirmed: 'The initiative is incorporated in the new strategy of the Generali Group to develop innovative B2B2C distribution models by opening new customer contact channels. The agreement with Mercado Libre also makes it possible to strengthen the company's digital transformation process, becoming the first operator in the market to trial this new channel.'

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Assicurazioni Generali S.p.A. published this content on 04 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2019 14:08:01 UTC

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Financials (EUR)
Sales 2019 68 035 M
EBIT 2019 5 111 M
Net income 2019 2 799 M
Debt 2019 991 M
Yield 2019 5,30%
P/E ratio 2019 10,2x
P/E ratio 2020 10,5x
EV / Sales2019 0,43x
EV / Sales2020 0,43x
Capitalization 28 470 M
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Technical analysis trends ASSICURAZIONI GENERALI S.P
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Mean consensus HOLD
Number of Analysts 24
Average target price 18,69  €
Last Close Price 18,14  €
Spread / Highest target 18,0%
Spread / Average Target 3,04%
Spread / Lowest Target -17,3%
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Managers
NameTitle
Philippe Donnet Chief Executive Officer, MD & Executive Director
Gabriele Galateri di Genola e Suniglia Chairman
Jaime Anchustegui Melgarejo Group Chief Operations & Insurance Officer
Cristiano Borean Chief Financial Officer
Francesco Gaetano Caltagirone Vice Chairman
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