Fast Market Research recommends "Life Insurance in Italy, Key Trends and Opportunities to 2017" from Timetric, now available

Boston, MA -- (SBWire) -- 01/23/2014 --The Italian insurance industry was the fourth-largest in Europe in 2012, behind the UK, France and Germany. Persistent economic challenges and fiscal austerity measures adopted by the government during the review period led to a decline in household income and a rise in unemployment, impacting the demand for insurance. However, while demand for insurance products declined during 2011-2012, gross written premiums grew at an overall review-period CAGR of 3.4% to value EUR105.1 billion (US$135.2 billion) in 2012. The Italian insurance industry is highly competitive. According to the Italian Insurance Trade Association (ANIA), there were 239 licensed insurance companies (142 domestic and 97 foreign) with registered offices in Italy in 2012.

Key Highlights

- The Italian insurance industry was the fourth-largest in Europe in 2012, behind the UK, France and Germany
- The life insurance segment accounted for 66.3% of the industry's written premium in 2012. Traditional life insurance products such as whole life, superannuation and pension dominate the segment
- The life segment's penetration rate stood at 4.4% in 2012, lower than the UK and France (8.5% and 6.3% respectively) but higher than Germany (3.2%)
- The uncertain investment environment made buyers reluctant to make a long-term commitment to products; this meant that premium business dominated the segment with a share of 88.3%
- The Italian life insurance segment is highly concentrated; the 10 leading insurers accounted for 82.8% of the segment's written premium value in 2012
- Bancassurance was the dominant distribution channel and accounted for 48.5% of the total commission paid in 2012

View Full Report Details and Table of Contents

Scope

This report provides a comprehensive analysis of the life insurance segment in Italy:

- It provides historical values for Italy's 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 sub-segments in Italy's 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 life insurance products in Italy
- Using Porter's industry-standard Five Forces analysis, it details the competitive landscape in Italy for the life insurance business
- It provides a detailed analysis of the reinsurance segment in Italy and its growth prospects
- It profiles the top life insurance companies in Italy and outlines the key regulations affecting them

Reasons to Get This Report

Companies Mentioned in this Report: Gruppo Generali, Gruppo Assicurativo Poste Vita, Mediolanum Vita SpA, Gruppo Assicurativo Unipol, Gruppo Assicurativo Intesa Sanpaolo Vita, Gruppo Assicurativo Allianz, Fideuram Vita, Gruppo Assicurativo Cardif, Gruppo Aviva, Gruppo Cattolica Assicurazioni

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