Generali: Sergio Balbinot the first Italian business leader invited to address the Chinese Communist Party’s Central School
October 12th, 2009
Beijing, 10 October 2009. Sergio Balbinot, chief executive officer of Italy’s Generali insurance group, delivered a lecture at the Chinese Communist Party’s
Central
School. Addressing an audience of politicians and leading representatives from
China’s insurance and financial services industry, Mr. Balbinot illustrated the strategies adopted by Generali to guarantee stability in periods of crisis. Mr Balbinot is the first Italian business leader invited to intervene at the Chinese Communist Party’s
Central
School. The lecture focused attention on the dual social role of the insurance company as a pension provider and a financial intermediary for savings deposits and investment, with important benefits for the growth of the national economy and all stakeholders. Li Jingtan, the School’s executive vice president, thanked Mr Balbinot for his meaningful contribution and added that “the cooperation between Generali Group and the Party’s
Central
School will definitely help strengthen Sino-Italian relationships”. The audience attending the lecture showed their appreciation of the role played to date by Generali on
China’s insurance market. During the meeting, it has been noticed that the results achieved by the Group despite the economic crisis are a source of inspiration and subject for study for the local financial sector. Furthermore, it has been highlighted that the rapid development of this important sector of Chinese economy can be assisted by insurance companies in their key role as a node between social welfare and investment capacity, while simultaneously guaranteeing investment stability and prudence, together with returns for investors and policy holders. Click Here to View the Press Release