Italian Life Insurance is Moderately Concentrated with Top 10 Leading Players: Ken Research

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Italian Life Insurance is Moderately Concentrated
with Top 10 Leading Players Ken Research
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Ken Research has introduced latest project
titled, "Life Insurance in Italy, Key Trends and
Opportunities to 2020". Report provides key
performance indicators such as written premium,
incurred loss, loss ratio, commissions and
expenses, total assets, total investment income
and retentions during the revaluation period i.e.
2011-15 and forecast period 2015-2020.
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• The report also analyses allotment channels
  operating in the sector, gives a wide-ranging
  indication of the Italian economy and
  demographics, and provides comprehensive
  information on the cut-throat landscape in the
  country. At last, replicating and investigation
  expertise, giving insurers access to information
  on subdivision dynamics and spirited
  compensation, and profiles of insurers operating
  in the country. The report closely examines
  insurance regulations, recent changes in the
  regulatory structure and its impact on Italy's
  overall growth.
• Italys insurance market remained upbeat in first
  half precisely, 2010-15 and is well placed to
  continue to grow in the coming five years
  primarily driven by stipulate for life products.

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Italy saw a second uninterrupted year of
double-digit development in gross written premium
(GWP) came despite economic surroundings,
although the Italian government is seen taking
steps to gradually develop and stimulate
productivity. Driven by demand for life
insurance, low interest rates discouraged
investors away from conventional products such as
bank deposits and investment funds and towards
substitute savings solutions. In particular,
according to the insurance trade association, the
Associazione Nazionale fra le Imprese
Assicuratrici (ANIA), new products derived from
the combination of segregated funds and
unit-linked investment funds gained momentum.
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• Key market players include-
• Poste Vita
• Intesa Sanpaolo
• Genertel life
• Generali
• Fideuram Vita
• The global financial crisis of 2008 destroyed
  Italys economy. It has been struggling since
  with GDP contraction in five out of the seven
  fiscal years. Political instability, high debt
  and a large shadow economy are contributing to
  the slow recovery. Furthermore, low labour
  productivity, which is significantly below most
  of the major economies in the Organization for
  Economic Co-operation.

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Amongst the life insurance market of Italy,
long-term life insurance is the biggest segments
in 2014. In light of the low returns offered by
fixed-income instruments, investors and Italian
families divested their savings from Italian
government and corporate bonds. While the Italian
insurance sector has committed more than a third
of investments into equities, two of the largest
competitors, Allianz S.p.A. and Assicurazioni
Generali S.p.A, tend to have more conservative
portfolios as compared to outside of Italy. The
Italian insurance sector has seen some merger and
acquisition (MA) activity in recent years,
increasingly involving overseas market
participants out of which 69 were of life
insurers.
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Since 2012, MA transactions within the Italian
market have included the integration of the
Unipol and Premafin/Fondiaria-Sai groups. Unipol
Assicurazioni, Milano Assicurazioni and Premafin
later were merged into Fondiaria-Sai, which
subsequently assumed the name UnipolSai
Assicurazioni S.p.A and became operative in
January 2014. The major challenges faced by the
Italian insurance market are the uncertainty
regarding regulatory developments taking place in
the country. D.d.l. Concorrenza, which is
currently being debated in the Italian
parliament, aims to improve competition and
transparency for customers, with a significant
focus on the insurance industry. Total written
premiums in 2015 rose considerably
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• Italy is the third European life market by GWP,
  after UK and France
• The Italian market remains dominated by
  traditional distribution channels, such as the
  bancassurance model
• Insurance companies still invest mainly in
  Italian government bonds. Investments in
  corporate bonds have been increasing steadily in
  the last few years
• The economic crisis led to rising unemployment
  and wage cuts during the review period. These
  factors are expected to negatively affect the
  growth of the life segment, as consumers with
  reduced disposable incomes are unlikely to invest
  in voluntary insurance products.

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• Key Topics Covered in the Report
• Italy Insurance industry research report
• Life insurance sector Italy
• Non-life insurance market research
• Global insurance sector
• Life insurance distribution channels Italy
• Life insurance regulations Italy
• Italy insurance industry trends
• Insurance sector drivers Italy
• For more coverage click on the link below
•  https//www.kenresearch.com/banking-financial-ser
  vices-and-insurance/insurance/life-insurance-italy
  /74576-93.html

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Related links https//www.kenresearch.com/banki
ng-financial-services-and-insurance/insurance/rein
surance-singapore/74586-93.html https//www.kenre
search.com/banking-financial-services-and-insuranc
e/insurance/personal-accident-health-insurance-sin
gapore/74585-93.html Contact Ken
ResearchAnkur Gupta, Head Marketing
Communicationsquery_at_kenresearch.com91-124-42302
04
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