Boston, MA -- (SBWIRE) -- 08/17/2012 -- The Italian non-life insurance segment is driven by the motor insurance category, in particular the compulsory third-party liability insurance sub-category. However, the segment was almost stagnant during the review period due to a depressed automobile market which was affected by the global financial crisis and the Euro debt crisis. Gradual economic recovery coupled with the implementation of regulations relating to a more competitive business environment, are expected to result in a positive growth rate for the motor insurance category over the forecast period. Government initiatives for the motor insurance category will provide discounts to consumers who are willing to submit their vehicles to insurance companies for inspection.

Key Highlights

- The gradual recovery of the Italian property market, coupled with improving fi ncial conditions, is expected to help drive the growth of the non-life insurance segment over the forecast period.
- The Italian non-life insurance segment remains stable despite the adverse effects of the global fi ncial crisis and variable domestic economic conditions. However, in 2011, the Italian non-life insurance segment registered growth due to the recovery of the motor insurance category. This was possible due to the government initiatives towards liberalizing the Italian motor insurance category.
- The implementation of Solvency II legislation is expected to stimulate consolidation and increase in the number of M&A's over the forecast period.
- The agents channel is the most popular, followed by brokers and direct marketing. The implementation of the Bersani Law liberalized regulations for distribution networks, increasing the competitiveness between channels. The Bersani regulations also introduced a multi-tied agency model, which allowed agents to distribute and work for more than one insurance provider at a time. Despite Italy's highly-developed banking channel, agents are still preferred over bancassurance.
- The leading companies in the segment include Gruppo Generali, Gruppo Fondiaria-Sai, Gruppo Assicurativo Unipol, Gruppo Allianz Se and Gruppo Reale Mutua. The Italian non-life insurance segment comprises both domestic and foreign insurers. As of 2011, there were 139 non-life insurance companies authorized to pursue non-life insurance business in Italy under the supervision of regulatory authority ISVAP.

View Full Report Details and Table of Contents

Scope

This report provides a comprehensive a lysis of the non-life insurance market in Italy:

- It provides historical values for the Italian non-life insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
- It offers a detailed a lysis of the key sub-segments in the Italian non-life insurance market, along with market forecasts until 2016

Companies Mentioned in this Report: Gruppo Generali, Gruppo Fondiaria-Sai, Gruppo Assicurativo Unipol, Gruppo Allianz Se, Gruppo Reale Mutua, Gruppo Cattolica Assicurazioni, Gruppo Axa, Vittoria Assicurazioni SpA

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Financial Services research reports at Fast Market Research

You may also be interested in these related reports:

- Life Insurance in South Africa, Key Trends and Opportunities to 2016: Micro Insurance Programs and Rural Insurance Penetration Key to Market Expansion
- Non-Life Insurance in South Africa, Key Trends and Opportunities to 2016: Introduction of Compulsory Motor Third-Party Liability Insurance to Drive Market Growth
- Life Insurance in the UK, Key Trends and Opportunities to 2016
- Non-Life Insurance in the UK, Key Trends and Opportunities to 2016
- Life Insurance in the Czech Republic, Key Trends and Opportunities to 2016
- Life Insurance in Germany, Key Trends and Opportunities to 2016
- Life Insurance in Poland, Key Trends and Opportunities to 2016
- Life Insurance in Colombia, Key Trends and Opportunities to 2016
- Life Insurance in Mexico, Trends and Opportunities to 2016: Tax Incentives to Continue to Encourage Investment in Life Insurance Retirement Products
- Non-Life Insurance in Vietnam, Trends and Opportunities to 2016: Increase in Minimum Capital Requirements Will Lead to Market Consolidation