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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Italian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Italy's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Italy non-life (P&C) market as well as trends by line of business. Axco analysts also report on Italy's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Italy's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Italy, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Italy, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Italy with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
In 2019 provisional gross direct domestic non-life premium income, including personal accident and healthcare, was EUR 34.30bn (USD 38.40bn), representing an increase of 3.64% compared with 2018. The non-life market grew more strongly in 2019 than in any of the previous 10 years. All of the major non-life classes experienced growth in 2019 except for compulsory motor third party liability (MTPL) where growth was flat.
Italy still lags behind most developed European countries in terms of insurance penetration and ....
This is a brief extract of information; more updated information may be available in the latest published report.
