Investor Presentaiton
The insurance company Unipol (17 billion), created in 1963 by Emilia-Romagna coops as a joint
stock company and still controlled by cooperatives, is a unique case, because it has become the
second largest insurance company in Italy and is listed in the stock exchange. But Emilia Romagna is
the home of other large cooperatives in wine, cheese, fruits, salami making, taxi and lorries driving,
manufacturing, credit and social services.
Social cooperatives are very creative, not only in inventing new assistance programs, but in
creating jobs for disadvantaged people (handicapped, prisoners getting out of prison, formerly
drugged people, migrants, abandoned and raped women, beggars) and in helping local authorities in
the maintenance of greens. Also to be mentioned is the process of conversion of capitalist firms in
difficulty into cooperatives: workers buy outs, helped by a law of 1985 and by an ad hoc agency
created jointly by the three umbrella organizations, have allowed in the years 2008-2017 the rescuing
of about 500 jobs.
10 out of the 20 largest companies in Bologna are cooperatives.View entire presentation