...Fitch Ratings considers regulatory oversight in Italy as very strong. The Italian insurance market is highly regulated, with well- developed regulatory practices and supervision processes. As an EU member, Italy adopted the risk-adjusted Solvency II capital framework. The Italian insurance regulator focuses on ensuring that insurance organisations are viable and their conduct of business is appropriate. It is actively involved in enabling fraud-prevention procedures to protect both customers and companies from fraudulent behaviours. Fitch considers the regulator's enforcement as effective....