Non-Life Insurance in Italy
Summary
Non-Life Insurance in Italy industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
- The Italian non-life insurance market recorded written premiums of $39.8 billion in 2023, representing a compound annual growth rate (CAGR) of 0.4% between 2018 and 2023.
- The motor segment accounted for the market's largest proportion in 2023, with total written premiums of $16.6 billion, equivalent to 41.8% of the market's overall value.
- The Italian non-life insurance market is experiencing significant growth, driven by rising awareness of the importance of insurance in safeguarding assets and mitigating financial risks. Additionally, natural catastrophes, such as floods and wildfires, continue to occur with significant impact, driving the demand for non-life insurance as they cause substantial damages and affect numerous individuals, highlighting the critical role of insurance in providing financial protection and supporting recovery efforts. According to the EM-DAT (Emergency Events Database) by the Centre for Research on the Epidemiology of Disasters (CRED), natural catastrophes in Italy affected 46,610 people and resulted in total damages of $9,750.0 million in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Italy
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Italy
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Italy non-life insurance market with five year forecasts
- What was the size of the Italy non-life insurance market by value in 2023?
- What will be the size of the Italy non-life insurance market in 2028?
- What factors are affecting the strength of competition in the Italy non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Italy's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strategies of the leading players?
- 7.4. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Assicurazioni Generali SpA
- 8.2. Allianz SE
- 8.3. AXA SA
- 8.4. UnipolSai Assicurazioni SpA
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Italy non-life insurance market value: $ billion, 2018-23
- Table 2: Italy non-life insurance market category segmentation: % share, by value, 2018-23
- Table 3: Italy non-life insurance market category segmentation: $ billion, 2018-23
- Table 4: Italy non-life insurance market geography segmentation: $ billion, 2023
- Table 5: Italy non-life insurance market value forecast: $ billion, 2023-28
- Table 6: Italy non-life insurance market share: % share, by value, 2023
- Table 7: Assicurazioni Generali SpA: key facts
- Table 8: Assicurazioni Generali SpA: Annual Financial Ratios
- Table 9: Assicurazioni Generali SpA: Key Employees
- Table 10: Assicurazioni Generali SpA: Key Employees Continued
- Table 11: Allianz SE: key facts
- Table 12: Allianz SE: Annual Financial Ratios
- Table 13: Allianz SE: Key Employees
- Table 14: Allianz SE: Key Employees Continued
- Table 15: AXA SA: key facts
- Table 16: AXA SA: Annual Financial Ratios
- Table 17: AXA SA: Key Employees
- Table 18: AXA SA: Key Employees Continued
- Table 19: UnipolSai Assicurazioni SpA: key facts
- Table 20: UnipolSai Assicurazioni SpA: Key Employees
- Table 21: UnipolSai Assicurazioni SpA: Key Employees Continued
- Table 22: Italy Size of Population (million), 2019-23
- Table 23: Italy Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 24: Italy GDP (Current Prices, $ Billion), 2019-23
- Table 25: Italy Inflation, 2019-23
- Table 26: Italy Consumer Price Index (Absolute), 2019-23
- Table 27: Italy Exchange Rate, 2018-23
- List of Figures
- Figure 1: Italy non-life insurance market value: $ billion, 2018-23
- Figure 2: Italy non-life insurance market category segmentation: $ billion, 2018-23
- Figure 3: Italy non-life insurance market geography segmentation: % share, by value, 2023
- Figure 4: Italy non-life insurance market value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the non-life insurance market in Italy, 2023
- Figure 6: Drivers of buyer power in the non-life insurance market in Italy, 2023
- Figure 7: Drivers of supplier power in the non-life insurance market in Italy, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Italy, 2023
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Italy, 2023
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Italy, 2023
- Figure 11: Italy non-life insurance market share: % share, by value, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook