REVO is the only Italian operator focused on specialty lines and parametric policies for SMEs, which form the backbone of the Italian economy.
Relying on the value of its human, technological and distribution capital, REVO aims to become a leader in its target market by 2025.
A new paradigm: what we want to be
REVO will be a brand new player, operating in Italy and with the ambition to expand abroad in the medium term
An attractive market niche
The size of the Italian specialty lines market is estimated to be greater than 1.5BEUR (1)
ROE is generally higher in the specialty business than in traditional life and non-life insurance
Approximately 5 million SMEs to serve, of which only 62% have an active insurance coverage today.(2)
Brexit has reduced Lloyds' operations in continental Europe, including Italy. One of REVO's goals is to capture some of the demand transitioning to the UK.
A new disruptive proposal with a high expected growth rate
(1) Average Italian market 2019-2020 (excluding motor market)
(2) Source: Crif, IIA – Italian Insurtech Association and Nomisma
Key levers for value creation
Team experience and expertise, technology, operational efficiency, the distribution model and the OVERX proprietary platform are the project’s primary value creation levers.
- Excellent expertise across all aspects of the business
- Many years of experience in large international insurance groupsEntrepreneurial spirit
- Entrepreneurial spirit.
- Digital cloud platform with wide access to public and private data and information
- Natively digital business with no legacy issues.
- Automation of the analysis process (A.I., sophisticated pricing tools, simplification).
- Lower costs per unit of risk thanks to simple, digital and automated processes
- Transparency of coverage with improved customer experience
- Better level of service compared to the rest of the market.
- Absence of proprietary physical distribution channels
- MGAs, brokers, agents of third-party insurance companies
- Direct connection to commercial platforms
- Openness to innovative digital channels
In the words of the Chief Executive Officer, Alberto Minali:
With this 2022-2025 Business Plan, REVO aims to lead the Italian specialty lines and parametric solutions market, developing a full range of products dedicated to SMEs. The implementation of the business plan will make it possible to adequately repay the trust our shareholders have placed in the project and in management
31 March 2022
The key targets of the 2025 project are:
*On adjusted operating result
The plan is characterised by significant growth in premiums and operating profit.