History

 

The Gruppo Cattolica Assicurazioni, which has been going for over 120 years, boasts a degree of longevity that has few equals on the Italian insurance scene.

Its historical and entrepreneurial path shows evidence of constant development, between pushing for innovation and providing fair social attention. It is a balance that was already present in the team of founders who gathered on 27 February 1896 in Verona to sign the incorporating document of the Società Cattolica di Assicurazione cooperative: 34 members and 36 shareholders who laid the foundations of the project. In the wake of the Rerum Novarum encyclical, published a mere five years prior, Cattolica’s Statute focused its main attention on social issues and the modern Social Doctrine of the Church.

Cattolica was founded as a cooperative, with a formula that considered the distinction between members and shareholders.

The company’s original corporate goal was to protect farmers from damages caused by hail and fires; the choice of the symbol - the angel with the Latin motto “vitam auget securitas - fully expresses this vocation.

The growth of Cattolica sped up greatly in 1900, when the business extended to offering life insurance policies.

After the First and Second World Wars, when the country was rebuilding itself both literally and economically, it remained the only Italian company in the field to maintain its status as a cooperative, increasing its client base and developing a wider range of products.

During the 1990s, it was one of the first Italian companies to adopt a multichannel sales strategy, pairing the traditional network of agencies with the distribution channel of bancassurance, which makes use of the commercial network of its partner banks.

2000 was an important year for Cattolica: it decided to add its listing on the Milan Stock Exchange, marking a turning point from the past. This was a choice that marked a new phase in the life of the company and showed its desire to compete with the market.

With the 2007 restructuring plan, which allowed the company to cope with the negative impact of the very serious economic and financial market crisis of the years to come, Cattolica relaunched itself, consolidating itself on an increasingly selective and competitive market.

The change in management which took place over the course of 2017 and the 2018-2020 Business Plan represent another important chapter in the Cattolica story.