Generali introduces portable electronics insurance

Generali | December 18, 2019

Generali Specialty Insurance Division is now offering insurance policies on portable electronics. The portable electronics eligible for coverage include mobile phones, tablets, gaming devices, and even hearing aids. Since the insurance product covers typical risks and issues device owners experience – like theft and malfunction – a wide range of portable electronic devices can be covered. “We are very excited to begin offering our portable electronics solution to customers throughout the United States,” said Generali US executive vice-president and chief insurance officer Jose Luis Menéndez. For hearing aids, the specialty insurance unit has partnered with national retailer My Essentials - one of the largest networks of dealers for hearing devices in the US. As part of the partnership, the retailer will include Generali’s portable electronics insurance product as a post purchase offering.

Spotlight

It’s no secret that the global pandemic has upended everyone’s life. We know this anecdotally from our own experiences—more online shopping with curbside pickup orders, ordering takeout and delivery versus in-person dining, and changing media consumption. And let’s not forget remote working and learning. These experiences are more than simply anecdotal; McKinsey has written about the more specific effects of the pandemic on consumer behavior and needs. In short, they write: “behavior changes will reshape consumer decision journeys and companies will need to adapt fast.”

Spotlight

It’s no secret that the global pandemic has upended everyone’s life. We know this anecdotally from our own experiences—more online shopping with curbside pickup orders, ordering takeout and delivery versus in-person dining, and changing media consumption. And let’s not forget remote working and learning. These experiences are more than simply anecdotal; McKinsey has written about the more specific effects of the pandemic on consumer behavior and needs. In short, they write: “behavior changes will reshape consumer decision journeys and companies will need to adapt fast.”

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