Reinsurance in Italy, Key Trends and Opportunities to 2016 - New Market Report Now Available
During the review period, premium ceded to reinsurance by Italian direct insurers declined consistently, with the exception of a noticeable increase of 5% in 2010 as a result of the 2009 L'Aquila earthquake. The absence of obligatory insurance for natural disasters in the presence of government intervention to cover the losses through ad hoc financing, had the effect of decreasing the written premium value of the Italian reinsurance segment. The Italian reinsurance market is highly competitive and during the review...
View full press release