Generali launches art insurance in Austria

• Tailor-made product solutions for private art collectors
• New offer in cooperation with experts from the global unit of ARTE Generali
• Expertise, service and insurance cover from a single source

Vienna/Munich – With the new offer "ARTE Generali Private Kunst", Generali Versicherung is expanding its modular product range. By cooperating with ARTE Generali, the Munich-based global business unit of Generali specializing in art insurance, Generali is now also offering Austrian private customers unique solutions to cover damage to works of art. Insurance cover is provided for destruction, damage and loss. These coverages, tailored to the needs of customers, are complemented by the high level of expertise and the dense network of ARTE Generali's art specialists.

Walter Kupec, Chief Insurance Officer Property/Casualty of Generali Versicherung AG, is pleased to be able to support Austrian art collectors in their passion: "With ARTE Generali, we have unique technical, artistic and digital expertise to accompany our customers throughout a lifetime, also in the field of art. This comprehensive all-risk coverage comprehensively safeguards personal art objects in the private sector."

Jean Gazancon, CEO of ARTE Generali: "Austria has been a byword for outstanding art for centuries. Great artists from Austria have shaped the art scene in Europe. Here, private collections, museums and galleries enjoy world renown. I am delighted that ARTE Generali is now able to present a hitherto unique art insurance concept with Generali Versicherung in Austria."

Research project with Universität für Weiterbildung Krems

Together with high-level international educational institutions, ARTE Generali has launched the research project CHARISMA - Cultural Heritage Academy for Risk Management (charisma-academy.eu) on the preservation of cultural heritage under the influence of climate change. The aim of the research is to identify the need for well-trained and qualified people in the field of cultural heritage risk assessment across Europe. More than 100 relevant international and national actors are involved in the research, contributing their expertise in the field of cultural heritage risk assessment and combining it with expertise in building insurance and in-depth knowledge of the visual arts. In addition to the Austrian Universität für Weiterbildung Krems, the Italian Mazzini LAB in Rome, the University of Perugia, and the Institute of Theoretical and Applied Mechanics of the Czech Academy of Sciences (ITAM), Prague, in the Czech Republic are also involved in this project.

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