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Insurance Intelligence

Providing expert analysis, independent market insight and company data on the insurance industry.

Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.

Axco’s Italy Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.

The Life & Benefits Report for Italy includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics

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Information for Italy can be seen in:

Insurance Market Reports (Non-Life) Insurance Market Reports (Life & Benefits) Global Statistics Employee Benefits Reports Regulatory Alerts Market Profiles Insight Compliance Insight EB Compliance Point Clinical Trials Axco API

Country Information

Capital city
Real GDP growth (%)
Inflation (%)
latest GWP
Insurance Penetration (%)
GMT +1
59.13 mn
157,062.75 (mn)

Italy still lags behind most developed European countries in terms of insurance penetration and density, reflecting the fact that insurance continues to be purchased either as a necessity, as in the case of compulsory motor third party liability (MTPL), or due to some obligation such as bank lending requirements or international funding. In 2019 provisional gross direct domestic non-life premium income including personal accident and healthcare was EUR 34.3bn, representing an increase of 3.64% compared with 2018. Life premiums totaled 106,004.62

As at 30 June 2020, according to IVASS data, 205 insurance companies were operating in Italy, of which 97 had a registered office in Italy and 105 were branch offices of foreign insurance companies from EU member states operating under freedom of establishment (FOE) provisions, and three were non-EU companies. Of the 205 companies, 126 write only non-life business, whilst 34 companies write both life and non-life business. Additionally, six reinsurance companies are licensed on an FOE basis, of which five write non-life business.          

Brokers accounted for more than a third of non-life business in 2019, according to AIBA - the brokers' association. This takes into account the significant volume of business placed by brokers through company underwriting agents, which is regarded in some statistics as agency-generated business. The brokers' market share is even higher if the predominant motor sector is excluded.

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