Wednesday, Sep 28, 2022
International Finance
Featured Insurance

Reale Mutua issues its first fully digital surety bond

Reale _IF_Image
The bond is a part of the national project promoted by CeTIF, SIA and Reply, in collaboration with Banca d’Italia and IVASS

Reale Mutua has issued its first fully digital surety bond, a press release said. Digitalisation and innovation are two key elements in the strategy of Reale Group. It has issued its first fully digital surety bond, as part of the national project Fideiussioni Digitali promoted by CeTIF, SIA and Reply, in collaboration with Banca d’Italia and IVASS. 

The first digital surety bond issued by Reale Mutua has the Municipality of Milan as obligee. “We have proudly been able to give concrete form to this ambitious national project, thanks to a team of professionals who are open to digital and technological evolutions — declared Mauro Gentini, Special Risks Manager of Reale Mutua — with the aim of accelerating the innovation process within Reale Group. By issuing our first digital surety on blockchain, we intend to be proactive and pioneers in this collaboration and its further developments will allow us to prevent fraud and improve operational efficiency.”

 

Established in Turin in 1828, Società Reale Mutua di Assicurazioni is the leading Italian mutual insurance company. It is the parent Company of Reale Group, an international group with more than 3,700 employees who safeguard approximately 5 million customers, in Italy, Spain and Chile. Reale Mutua offers an extensive range of products, both in the life and non-life insurance businesses.

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.