Italy Insurance Report - Business Monitor International - Industry Reports

Italy Insurance Report

Italy Insurance Report - Business Monitor International - Industry Reports
Italy Insurance Report
Published Aug 06, 2016
63 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Although the life insurance sector is considerably more developed than the non-life sector in Italy, we do expect life premiums to grow at a slightly slower rate, leading to life insurance losing market share to non- life over the next -- years. The main challenge facing the life sector in Italy is the country s slow economic growth, with real GDP growth expected to hover around - annually over the next decade. ...The main challenge facing the life sector in Italy is the country s slow economic growth, with real GDP growth expected to hover around - annually over the next decade. This is constraining corporate profits and dampening demand for group life products - an issue further exacerbated by Italy s weak internal labour market and high levels of unemployment. Figures reported by the major players for Q--- and/or H--- underscore our caution. ...The insurance companies themselves are financially strong, innovative and generally capable of distribution through multiple channels. Crucially, the relative returns from life insurance have improved relative to those

...Several factors could result in an adjustment to our forecasts for growth in Italy s life insurance segment. In the short term, a further weakening of the euro against the US dollar would obviously result in sharper contractions of premiums when measured in US dollar terms. ...In the short term, a further weakening of the euro against the US dollar would obviously result in sharper contractions of premiums when measured in US dollar terms. On a more positive note, should Italy achieve stronger than currently expected domestic economic growth (boosted by lower energy prices and stronger demand from the eurozone), this will create greater scope for spending on various life insurance products, including increasingly popular unit-linked products. That being said, penetration (premiums relative to GDP) is already high in Italy at - , indicating a mature market that may struggle to find avenues for new growth. As a result, we do not expect premium growth to change substantially from our current forecasts. On a one year view, risks to our forecasts are slightly to the downside, after some weak Q--- figures reported by major providers of life insurance.

...Poste Vita, the country s largest life insurance provider, confirmed its market dominance by expanding its market share in the life segment to --.- in ----, thanks to writing premiums to a value of EUR--.--bn, compared to EUR--.--bn and a market share of --.- in ----. This feeds into our expectation that the major players will retain and consolidate their market dominance, in part due to acquisitions. ...

  
Source:
Document ID
2055-4095
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Italy Insurance Report" Aug 06, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Italy-Insurance-Report-2026-1561>
  
APA:
Business Monitor International - Industry Reports. (2016). Italy Insurance Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Italy-Insurance-Report-2026-1561>
  
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