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Wisepoint.org Press has introduced latest project titled, “Life Insurance in Italy, Key Trends and Opportunities to 2020”. Report provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the revaluation period i.e. 2011-15 and forecast period 2015-2020. The report also analyses allotment channels operating in the sector, gives a wide-ranging indication of the Italian economy and demographics, and provides comprehensive information on the cut-throat landscape in the country. At last, replicating and investigation expertise, giving insurers access to information on subdivision dynamics and spirited compensation, and profiles of insurers operating in the country. The report closely examines insurance regulations, recent changes in the regulatory structure and its impact on Italy’s overall growth.

Italy’s insurance market remained upbeat in first half precisely, 2010-15 and is well placed to continue to grow in the coming five years primarily driven by stipulate for life products. Italy saw a second uninterrupted year of double-digit development in gross written premium (GWP) came despite economic surroundings, although the Italian government is seen taking steps to gradually develop and stimulate productivity. Driven by demand for life insurance, low interest rates discouraged investors away from conventional products such as bank deposits and investment funds and towards substitute savings solutions. In particular, according to the insurance trade association, the Associazione Nazionale fra le Imprese Assicuratrici (ANIA), new products derived from the combination of segregated funds and unit-linked investment funds gained momentum.

Key market players include-
• Poste Vita
• Intesa Sanpaolo
• Genertel life
• Generali
• Fideuram Vita

The global financial crisis of 2008 destroyed Italy’s economy. It has been struggling since with GDP contraction in five out of the seven fiscal years. Political instability, high debt and a large shadow economy are contributing to the slow recovery. Furthermore, low labour productivity, which is significantly below most of the major economies in the Organization for Economic Co-operation. Amongst the life insurance market of Italy, long-term life insurance is the biggest segments in 2014. In light of the low returns offered by fixed-income instruments, investors and Italian families divested their savings from Italian government and corporate bonds. While the Italian insurance sector has committed more than a third of investments into equities, two of the largest competitors, Allianz S.p.A. and Assicurazioni Generali S.p.A, tend to have more conservative portfolios as compared to outside of Italy.

The Italian insurance sector has seen some merger and acquisition (M&A) activity in recent years, increasingly involving overseas market participants out of which 69 were of life insurers. Since 2012, M&A transactions within the Italian market have included the integration of the Unipol and Premafin/Fondiaria-Sai groups. Unipol Assicurazioni, Milano Assicurazioni and Premafin later were merged into Fondiaria-Sai, which subsequently assumed the name UnipolSai Assicurazioni S.p.A and became operative in January 2014. The major challenges faced by the Italian insurance market are the uncertainty regarding regulatory developments taking place in the country. “D.d.l. Concorrenza”, which is currently being debated in the Italian parliament, aims to improve competition and transparency for customers, with a significant focus on the insurance industry. Total written premiums in 2015 rose considerably.

 Italy is the third European life market by GWP, after UK and France
 The Italian market remains dominated by traditional distribution channels, such as the bancassurance model
 Insurance companies still invest mainly in Italian government bonds. Investments in corporate bonds have been increasing steadily in the last few years
 The economic crisis led to rising unemployment and wage cuts during the review period. These factors are expected to negatively affect the growth of the life segment, as consumers with reduced disposable incomes are unlikely to invest in voluntary insurance products.

Key Topics Covered in the Report
Italy Insurance industry research report
Life insurance sector Italy
Non-life insurance market research
Global insurance sector
Life insurance distribution channels Italy
Life insurance regulations Italy
Italy insurance industry trends
Insurance sector drivers Italy

For more coverage click on the link below:


Wisepoint.org Press
Ankur Gupta, Head Marketing & Communications

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