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Italy General Insurance: Key trends and Opportunities to 2023

  • ID: 4858715
  • Report
  • November 2019
  • Region: Italy
  • 77 pages
  • GlobalData
1h Free Analyst Time

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FEATURED COMPANIES

  • Allianz
  • Axa Assicurazioni
  • Generali Italia
  • Incontra Assicurazioni
  • Itas Mutua
  • Sace Bt
  • MORE
Italy General Insurance: Key trends and Opportunities to 2023

Summary

Italy's general insurance segment is expected to grow at a CAGR of 2.3% over the forecast period (2018-2023). Retail insurance accounted for 68.3% of the total general GWP, and is expected to grow at a CAGR of 2.2% over the forecast period. Motor insurance constituted 48.7% of the segment's DWP, followed by property with a share of 16.3% and health with 9.3%.

Key Findings:
  • The General Insurance segment was competitive, with the presence of both domestic and foreign insurers
  • The top ten insurers accounted for a 72.8% market share in 2018, while the top five insurers accounted for around 50%
  • Unipolsai Assicurazoni (20.8%), Generali Italia (14.7%) and Allianz (10.3%) were the leading insurers that year
  • Conglomerates such as Allianz, Generali and Cattolica group operate multiple general insurance business units in the country. Generali group collectively held a 17.3% market share in 2018
  • Agencies were the leading intermediary, with 79.1% of DWP in 2018. However, insurtech advancement is paving the way for new channels and forcing established ones to adapt to the changes. Developments in mobile and internet banking have allowed easy cross-selling of insurance via these platforms, expanding the presence of bancassurance in general insurance
  • While aggregator and peer-to-peer (p2p) models have already gained prominence, further innovation and the use of AI has given rise to the real-time purchase of digital low-cost insurance (usually below EUR10.0) under instant insurance. This short term insurance, lasting up to seven days, is mostly available to cover pets, winter sports and insurance related to ride-share services
The report “Italy General Insurance: Key Trends and Opportunities to 2023” provides a detailed outlook by product category for the Italian general insurance segment. It provides values for key performance indicators such as written premium, loss ratio and general insurance penetration during the review period (2014-2018) and forecast period (2018-2023). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Italian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Companies mentioned: Generali Italia, Unipolsai Assicurazioni, Allianz, Societa' Reale Mutua, Societa' Cattolica, Itas Mutua, Axa Assicurazioni, Italiana Assicurazioni, Groupama Assicurazioni, Vittoria Assicurazioni, Genialloyd, Verti Assicurazioni, Assicurazioni Generali, Intesa Sanpaolo Assicura, Sace Bt, Creditras Assicurazioni, Elba Compagnia Di Ass. Ni E Riass.Ni, Incontra Assicurazioni, Siat, Aviva Italia, Poste Assicura, RBM Assicurazione Salute, Unisalute, Europ Assistance Italia

Scope

This report provides a comprehensive analysis of the general insurance segment in Italy -
  • It provides historical values for the Italian general insurance segment for the report's 2014-2018 review period, and projected figures for the 2018-2023 forecast period.
  • It offers a detailed analysis of the key categories in the Italian general insurance segment, and market forecasts to 2023.
  • It analyzes the various distribution channels for general insurance products in Italy.
  • It profiles the top general insurance companies in Italy, and outlines the key regulations affecting them.
Reasons to buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Italian general insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Italian general insurance segment.
  • Assess the competitive dynamics in the general insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Allianz
  • Axa Assicurazioni
  • Generali Italia
  • Incontra Assicurazioni
  • Itas Mutua
  • Sace Bt
  • MORE
Chapter 1 Executive Summary

Chapter 2 Economy Overview

Chapter 3 Summary Trend and KPIs
  • Penetration and Growth
  • Premiums and Profitability
Chapter 4 Regulatory Risk
  • Evolution
  • Key Facts
  • Licensing Requirements
Chapter 5 Key Trends by Lines of Business - Retail and Commercial
  • Lines of Business
  • By Consumer Segment
  • Commercial Line of Business
  • Retail Line of Business
Chapter 6 Key Trends by Lines of Business - KPIs, Market Share and Concentration
  • Property Insurance
  • Motor Insurance
  • Liability Insurance
  • Financial Lines Insurance
  • Marine, Aviation and Transit Insurance
  • Personal Accident Insurance
  • Health Insurance
  • Travel Insurance
Chapter 7 Distribution Overview

Chapter 8 Competitive Landscape

Chapter 9 Competitor Profiles

Chapter 10 Insurtech

Chapter 11 Appendix
Note: Product cover images may vary from those shown
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  • Generali Italia
  • Unipolsai Assicurazioni
  • Allianz
  • Societa' Reale Mutua
  • Societa' Cattolica
  • Itas Mutua
  • Axa Assicurazioni
  • Italiana Assicurazioni
  • Groupama Assicurazioni
  • Vittoria Assicurazioni
  • Genialloyd
  • Verti Assicurazioni
  • Assicurazioni Generali
  • Intesa Sanpaolo Assicura
  • Sace Bt
  • Creditras Assicurazioni
  • Elba Compagnia Di Ass. Ni E Riass.Ni
  • Incontra Assicurazioni
  • Siat
  • Aviva Italia
  • Poste Assicura
  • RBM Assicurazione Salute
  • Unisalute
  • Europ Assistance Italia
Note: Product cover images may vary from those shown
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