UnipolSai Assicurazioni S.p.A.: Update to credit analysis
Detailed rationale for UnipolSai’s Baa3 IFS rating, highlighting the groups strong business profile, offset by dependence on the Italian financial market and domestic sovereign debt exposureUnipolSai Assicurazioni is an insurance group based in Italy. Co.'s business segments are non-life insurance sector, which provides insurance cover pursuant to Article 2, paragraph 3 of Legislative Decree 209/05; life insurance sector, which provides insurance cover with payment of capital or an annuity against a life related event, and capitalisation contracts with or without insurance risk; real estate sector, which rents offices, buildings and residential homes that exceed the coverage requirements and also operates in the management of investment property; and other activities sector, which provides products and services in asset management and the financial and agricultural sectors.
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