Boston, MA -- (ReleaseWire) -- 01/20/2014 -- Italy's recessionary economic environment and ongoing austerity measures adopted created difficult operating conditions for non-life insurers. The segment's gross written premium posted a compound annual growth rate (CAGR) of -1.5% during the review period (2008-2012). The motor insurance category accounted for 67.7% of the segment's written premium, followed by property insurance with a share of 19.6%. A decline in car sales and sluggish construction and property markets constrained demand. The segment is currently undergoing a transitional period and has been affected by consolidation and changes in regulation.
- The Italian non-life segment was the fifth-largest in the European region in 2012, representative of a written premium value of EUR29.8 billion (US$38.3 billion) in 2012
- The segment accounted for the second-largest share (28.4%) of the industry's total written premium in 2012. It is highly concentrated, with the 10 leading insurers accounting for a collective market share of 87.9% in 2012
- The country's recessionary economic environment and ongoing austerity measures created difficult operating conditions for non-life insurers
- Motor insurance accounted for 67.7% of the segment's written premium in 2012, followed by property insurance with a share of 19.6%
- . Large-scale infrastructural investments are expected to revive economic growth and increase employment, which will support segment growth
View Full Report Details and Table of Contents
This report provides a comprehensive analysis of the non-life insurance segment in Italy:
- It provides historical values for Italy's non-life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key categories in Italy's non-life insurance segment, along with market forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for non-life insurance products in Italy
- Using Porter's industry-standard Five Forces analysis, it details the competitive landscape in Italy for the non-life insurance segment
- It provides a detailed analysis of the reinsurance segment in Italy and its growth prospects
- It profiles the top non-life insurance companies in Italy and outlines the key regulations affecting them
Reasons to Get This Report
- Make strategic business decisions using in-depth historic and forecast market data related to the Italian non-life insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Italian non-life insurance segment
Companies Mentioned in this Report: Gruppo Assicurativo Unipol, Gruppo Generali, Gruppo Assicurativo Allianz, Reale Mutua, Gruppo Cattolica Assicurazioni, Axa Italia, Groupama, Gruppo Vittoria Assicurazioni, Gruppo Assicurativo Banca Carige,
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