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

In the wake of rapidly-evolving customer expectations, an ongoing industry-wide digital transformation, and the rise of insurtech firms, innovation and technology have become watchwords for today’s global insurance industry. The challenge facing large, established incumbents such as Zurich is how to innovate effectively and whether external collaboration could have a significant impact on driving innovation as opposed to trying to go it alone.

Spotlight

In the wake of rapidly-evolving customer expectations, an ongoing industry-wide digital transformation, and the rise of insurtech firms, innovation and technology have become watchwords for today’s global insurance industry. The challenge facing large, established incumbents such as Zurich is how to innovate effectively and whether external collaboration could have a significant impact on driving innovation as opposed to trying to go it alone.

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