Products with particular environmental value

The Group aims to encourage environmentally sustainable behaviour among its clients through the design and distribution of products and services with particular environmental value. In 2012, the distribution of such products totalled in excess of 1,484 million euros. This significant increase compared to the previous year's results was due both to an actual increase in the sale of these products and the refinement of the data collection process (for the Czech Republic, data is only available for Cˇ eská Pojišt'ovna).

In the corporate segment, the Group aims to encourage insured companies to comply with environmental protection laws and to undertake effective risk prevention measures, making the provision of insurance cover subject to the implementation of certain minimum measures and adapting the insurance rates according to the extent of the precautions taken. To this end, the underwriting policy for property and third party liability risks requires the careful assessment of companies with high risk socioenvironmental profiles and the provision of advice with a view to assisting customers to implement safety measures to reduce risk exposure. Where formal and/or substantive weaknesses are identified in the preventive measures taken, premiums may be increased and, in more serious cases, the Group company may actually refuse to provide insurance cover.

Pollution liability policies:

  • products, which cover the reimbursement of costs for emergency or temporary measures to prevent or limit compensable damage and non-recoverable losses arising from failure to comply with the provisions of the law or intentional failure to prevent the damage.

In 2012, Fata Assicurazioni launched an environmental responsibility policy for industrial facilities in Italy, which provides a number of innovations including: the extent of coverage for pollution damage caused by asbestos as a result of fire or explosion and damage of dangerous goods entrusted to a third party during rail or road transport.

Policies for financial losses as a result of pollution damage:

  • policies covering the financial consequences of damage caused by general environmental pollution and specific guarantees for economic losses due to water pollution.

Policies covering equipment for the production of renewable energy:

  • products covering special structures such as hydroelectric plants, wind farms and biomass plants. These policies can also be supplemented by additional riders covering damages caused by fire, theft or the breakdown of mechanical equipment used for the production of energy.

In order to encourage the spread of eco-sustainable behaviours, some Group companies grant discounted rates to businesses that are certified under EMAS and ISO 14001.

The attention paid by Group companies to eco-sustainable behaviour is also mirrored in the individual client segment.

Third party liability insurance for vehicles:

  • discounted rates of up to 50% of the annual premium are offered to clients that insure "green" vehicles (i.e. electric, hybrid, gas, etc.), vehicles with low CO2 emissions and vehicles with low annual mileage;
  • special discounts relating to third party liability insurance may be applied locally for clients with an annual public transport subscription.

Policies covering equipment for the production of renewable energy:

  • in the area of traditional household insurance coverage, specific guarantees have been developed covering weather damage to solar or photovoltaic panels, or similar systems. In some cases, these products are supplemented to include cover for indirect damage, i.e. for any loss of profit arising from interruption to or reduction in the production of electricity.

Policies covering damage due to catastrophic events:

  • as a result of analysis conducted on climate risks, some Group companies have developed specific policies (and/or guarantees) to cover losses caused by natural disasters.

Initiatives to promote the adoption of eco-friendly behaviour:

  • free consultations provided to clients to identify ways of optimizing the energy consumption of housing, thus reducing emissions that are harmful to the environment.

Deutsche Bausparkasse Badenia covers the payment of special loans to homeowners to support the costs of installing photovoltaic systems.