Generali teams up with Google subsidiary

Firms will offer insurance and smart technology to actively protect customers

Generali teams up with Google subsidiary

Insurance News

By Louie Bacani

Insurance heavyweight Generali has partnered with Nest Labs, part of Google’s parent company Alphabet, to create a new offering for home insurance customers in Europe.
 
Through the partnership, the Nest Protect product will be offered to Generali’s home insurance customers, allowing them to reduce the chance of harm to their family and home.
 
A smart home technology, Nest Protect detects both smoke and carbon monoxide in houses. It then sends alerts to customers’ phones and provides information in words and colours. Household insurance from Generali will cover the property in case of damage.

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Generali said that the partnership with the Google subsidiary is a further step in the company’s innovation in home automation or “domotics.”
 
“As a leading player in continental Europe we need to keep innovating to better serve our customers. Nest will help Generali customers to have a simpler and smarter life,” said Gian Paolo Meloncelli, Generali group strategy and business transformation accelerator.
 
The partnership will start from the end of February in Germany, where CosmosDirekt, the largest direct insurer in the country, will offer to its home insurance customers a dedicated proposition including Nest Protect.
 
 
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