Industry Dynamics and Competitive Landscape in the Italian Life Insurance Industry to 2016: Market Profile

Timetric, August 2012, Pages: 90

Synopsis
The report provides market analysis, information and insights into the Italian life insurance market, including:
- A description of the life insurance market in Italy
- The Italian life insurance market’s growth prospects
- The competitive landscape in the Italian life insurance market

Summary
The Italian life insurance segment was the largest segment in the Italian insurance industry, as it recorded a share of XX% of the industry value in 2011. The Italian life insurance segment is expected to benefit from the country’s aging population and rising awareness among consumers about the benefits of saving for the future. These factors are expected to generate more demand for retirement life insurance products, such as general annuity, endowment, individual life and unit-linked products over the forecast period. Moreover, the gradual increase in the country’s GDP, life expectancy and disposable income levels will also contribute to the growth of Italian life insurance written premiums over the forecast period. The Italian life insurance segment is highly concentrated in nature, and the XX leading Italian life insurance companies accounted for a share of XX% of the total life insurance written premiums in 2011. The Italian life insurance segment is dominated by domestic insurers, as domestic companies account for the XX leading insurers in the segment.

Scope
This report provides a comprehensive analysis of the life insurance market in Italy:
- It provides historical values for Italy’s insurance industry market size for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Italy for the life insurance business
- It profiles the top life insurance companies in Italy and outlines the key regulations affecting them
- It provides a comprehensive analysis of the business environment and country risk for Italy

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the Italian insurance industry and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Italian insurance industry
- Develop market-entry strategies by understanding the key market opportunities
- Assess the competitive dynamics in the Italian life insurance market
- Identify key operators in the Italian insurance industry, along with profiles on those companies

Key Highlights
NA

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 Italian Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 2007–2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 Regulatory Policies
4 Porter’s Five Forces Analysis: Italian Life Insurance
4.1 Bargaining Power of Supplier: Low to Medium
4.2 Bargaining Power of Buyer: Medium
4.3 Barriers to Entry: Low to Medium
4.4 Intensity of Rivalry: Medium to High
4.5 Threat of Substitutes: Low
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Italian Life Insurance Segment
5.3 Comparison of Top Five Insurers
5.3.1 Gross written premium
5.4 Gruppo Generali – Company Overview
5.4.1 Gruppo Generali – key facts
5.4.1 Gruppo Generali – key financials
5.5 Mediolanum Vita SpA – Company Overview
5.5.1 Mediolanum Vita SpA – key facts
5.5.2 Mediolanum Vita SpA – key financials
5.6 Gruppo Allianz Se – Company Overview
5.6.1 Gruppo Allianz Se – key facts
5.6.2 Gruppo Allianz Se – key financials
5.7 Gruppo Aviva – Company Overview
5.7.1 Gruppo Aviva – key facts
5.7.2 Gruppo Aviva – key financials
5.8 Gruppo Assicurativo Unipol – Company Overview
5.8.1 Gruppo Assicurativo Unipol – key facts
5.8.2 Gruppo Assicurativo Unipol – key financials
5.9 Gruppo Cattolica Assicurazioni – Company Overview
5.9.1 Gruppo Cattolica Assicurazioni – key facts
5.9.2 Gruppo Cattolica Assicurazioni – key financials
5.10 Gruppo Axa – Company Overview
5.10.1 Gruppo Axa – key facts
5.10.2 Gruppo Axa – key financials
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend – The Borsa Italiana Stock Exchange, Italy
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollar)
6.2.2 GDP per capita at constant prices (US dollar)
6.2.3 GDP at current prices (US dollar)
6.2.4 GDP per capita at current prices (US dollar)
6.2.5 GDP by key segments
6.2.6 Agricultural net output at current prices (EUR)
6.2.7 Agricultural net output at current prices (US dollar)
6.2.8 Agricultural net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (EUR)
6.2.10 Manufacturing net output at current prices (US dollar)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (EUR)
6.2.13 Mining, manufacturing and utilities at current prices (US dollar)
6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.15 Construction net output at current prices (EUR)
6.2.16 Construction net output at current prices, (US dollar)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Inflation rate
6.2.19 Current account balance as a percentage of GDP
6.2.20 Exports as a percentage of GDP
6.2.21 Imports as a percentage of GDP
6.2.22 Exports growth
6.2.23 Imports growth
6.2.24 Annual average exchange rate US$–EUR
6.2.25 End-of-period exchange rate US$–EUR
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Railways and roads
6.3.3 Passenger vehicle production volume
6.3.4 Commercial vehicle production volume
6.3.5 Automotive component export trends
6.3.6 Automotive component imports trend
6.3.7 Passenger car penetration
6.3.8 Healthcare expenditure
6.3.9 Healthcare expenditure as a percentage of GDP
6.3.10 Healthcare expenditure per capita
6.3.11 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Italian females as a percentage of the total population
6.5.6 Italian males as a percentage of the total population
6.5.7 Mean age of the population
6.5.8 Median age of population
6.5.9 Population density
6.5.10 Age distribution of the total population
6.5.11 Age distribution of the male population
6.5.12 Age distribution of the female population
6.5.13 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Italian Insurance Overall Written Premium by Segment (EUR Billion), 2007–2011
Table 3: Italian Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Italian Insurance Overall Written Premium by Segment (EUR Billion), 2011–2016
Table 5: Italian Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Italian Insurance Segmentation (% Share), 2007–2016
Table 7: Life Insurance – Leading Companies Market Share (%), 2007–2011
Table 8: Gruppo Generali, Key Facts
Table 9: Gruppo Generali, Key Financials (EUR Million), 2007–2011
Table 10: Mediolanum Vita SpA, Key Facts
Table 11: Mediolanum Vita SpA, Key Financials (EUR Thousand), 2007–2011
Table 12: Gruppo Allianz Se, Key Facts
Table 13: Gruppo Allianz Se, Key Financials (EUR Million), 2007–2011
Table 14: Gruppo Aviva, Key Facts
Table 15: Gruppo Aviva, Key Financials (EUR Million), 2007–2011
Table 16: Gruppo Assicurativo Unipol, Key Facts
Table 17: Gruppo Assicurativo Unipol, Key Financials (EUR Million), 2007–2011
Table 18: Gruppo Cattolica Assicurazioni, Key Facts
Table 19: Gruppo Cattolica Assicurazioni, Key Financials (EUR Million), 2007–2011
Table 20: Gruppo Axa, Key Facts
Table 21: Gruppo Axa, Key Financials (EUR Million)

List of Figures
Figure 1: Italian Insurance Overall Written Premium by Segment (EUR Billion), 2007–2016
Figure 2: Italian Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Italian Life Insurance: Porter’s Five Forces Analysis
Figure 4: Life Insurance – Leading Companies Market Share (%), 2007 and 2011
Figure 5: Top Five Italian Life Insurers – Gross Written Premium (EUR Billion), 2011
Figure 6: Borsa Italiana Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 7: Italy GDP at Constant Prices (US$ Billion), 2007–2011
Figure 8: Italian GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 9: Italian GDP at Current Prices (US$ Billion), 2007–2011
Figure 10: Italian GDP Per Capita at Current Prices (US$), 2007–2011
Figure 11: Italian GDP by Key Segments (%) 2009 and 2011
Figure 12: Italian Agricultural Net Output at Current Prices (EUR Billion), 2007–2011
Figure 13: Italian Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 14: Italian Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 15: Italian Manufacturing Net Output at Current Prices (EUR Billion), 2007–2011
Figure 16: Italian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 17: Italian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 18: Italian Mining, Manufacturing and Utilities Net Output at Current Prices (EUR Billion), 2007–2011
Figure 19: Italian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 20: Italian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 21: Italian Construction Net Output at Current Prices (EUR Billion), 2007–2011
Figure 22: Italian Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 23: Italian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 24: Italian Inflation Rate (%), 2007–2011
Figure 25: Italian Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 26: Italian Exports as a Percentage of GDP (%), 2007–2011
Figure 27: Italian Imports as a Percentage of GDP (%), 2007–2011
Figure 28: Italian Exports Growth (%), 2007–2011
Figure 29: Italian Imports Growth (%), 2007–2011
Figure 30: Italian Annual Average Exchange Rate US$–EUR, 2007–2011
Figure 31: Italian End-of-Period Exchange Rate US$–EUR, 2007–2011
Figure 32: Italian Airports and Sea Ports (Number), 2011
Figure 33: Italian Railways and Roadways (Kilometers), 2011
Figure 34: Italian Passenger Vehicle Production, 2007–2011
Figure 35: Italian Commercial Vehicle Production, 2007–2011
Figure 36: Italian Automotive Component Exports (US$ Billion), 2007–2011
Figure 37: Italian Automotive Component Imports (US$ Billion), 2007–2011
Figure 38: Italian Passenger Car Penetration (per thousand people), 2007–2011
Figure 39: Italian Healthcare Expenditure (US$ Billion), 2007–2011
Figure 40: Italian Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 41: Italian Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 42: Italian Internet Subscriptions (Million), 2007–2011
Figure 43: Italian Labor Force, 15–59 Age Group (Million), 2007–2011
Figure 44: Italian Unemployment Rate (%), 2007–2011
Figure 45: Italian Annual Disposable Income (US$ Billion), 2007–2011
Figure 46: Italian Annual Per Capita Disposable Income (US$), 2007–2011
Figure 47: Italian Total Population (Million), 2007–2011
Figure 48: Italian Urban and Rural Population (%), 2007–2011
Figure 49: Italian Females as a Percentage of the Total Population (%), 2007–2011
Figure 50: Italian Males as a Percentage of the Total Population (%), 2007–2011
Figure 51: Mean Age of the Italian Population (Year), 2007–2011
Figure 52: Median Age of the Italian Population (Year), 2007–2011
Figure 53: Italian Population Density (per Square Kilometer), 2007–2011
Figure 54: Italian Population Distribution by Age (%), 2007–2011
Figure 55: Italian Male Population Distribution by Age (%), 2007–2011
Figure 56: Italian Female Population Distribution by Age (%), 2007–2011
Figure 57: Number of Italian Households, (Million), 2007–2011
Figure 58: Global Terrorism Heat Map, 2011
Figure 59: Italian Transparency Index, 2007–2011

Gruppo Generali
Gruppo Intesa San Paolo
Gruppo Assicurativo Poste Vita
Mediolanum Vita
Gruppo Allianz Se
Gruppo Aviva
Gruppo BNP Paribas
Gruppo Assicurativo Unipol
Gruppo Cattolica Assicurazioni
Gruppo Axa

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