Italian insurer Generali announced the launch of tailor-made product solutions for private art collectors on Austrian insurance market. Generali representatives mentioned that "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".

"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", said Walter KUPEC, Chief Insurance Officer Property/Casualty of Generali Versicherung AG.

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."