REVO Insurance S.p.A.
22.40
EUR
-0.10
(-0.44%)
ISIN
IT0005513202
Return %
Stock
S&P 500
1Y
24.72
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
EUR
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in mil. unless spec.Quarterly Revenue
EUR
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in mil. unless spec.Quarterly Earnings Per Share
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EUR
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in mil. unless spec.Company Description
- CEO
- Alberto Minali
- Sector
- Finance
- Industry
- Insurance brokers/Services
- Address
- Milan Italy
- IPO Date
- Nov 14, 2022
- Website
- revoinsurance.com
- Similar Companies
- Business
- REVO Insurance S.p.A. is an Italy-based insurance company that operates as a specialized non-life insurer focused on specialty lines and parametric risk solutions for small and medium-sized enterprises (SMEs) and professionals. Founded in 2021 through the business combination of REVO SPAC and Elba Assicurazioni S.p.A., the company is headquartered in Verona, Italy, with executive offices in Milan, and trades on the Euronext STAR Milan segment of Borsa Italiana under the ticker REVO. The company provides underwriting and risk management solutions across two primary business segments: Specialty Lines and Parametric Insurance. Its Specialty Lines offering includes surety bonds and financial guarantees for public and private contracts; professional indemnity and civil liability insurance, including Directors and Officers (D&O) liability, professional indemnity, and cyber risk protection; property and casualty policies encompassing commercial multirisk, fire, theft, machinery breakdown, and contractor all risks (CAR/EAR); financial loss coverage; legal expense protection; and transport and marine cargo insurance. Its Parametric Insurance division delivers index-based, automated coverage triggered by independent data parameters, including weather-related risk policies covering drought, excessive rainfall, frost, and solar radiation variability for agricultural and renewable energy producers, as well as business interruption and travel disruption solutions. REVO Insurance markets and administers its solutions primarily through OverX, a proprietary cloud-native digital platform that integrates distributed ledger technology and automated underwriting algorithms to enable real-time quoting, policy issuance, and claims settlement for independent brokers, managing general agents, and corporate partners. Geographically, the company operates primarily across Italy and has extended its presence into Southern Europe through its Spanish branch, REVO Insurance Sucursal en España, headquartered in Madrid. In recent developments, REVO Insurance has expanded its European operations by rolling out its surety, financial lines, and parametric product suite into the Spanish market. The company has entered into strategic distribution alliances with specialized broker networks, fintech platforms, and financial intermediaries, while broadening its parametric portfolio with new covers targeting climate transition risks and solar energy output volatility. Additionally, REVO Insurance has continued to enhance its OverX technological infrastructure with artificial intelligence and automated pricing capabilities to accelerate cross-border scalability and streamline digital policy administration.