Italy Retail Report Q2 2016
BMI View: An improvement in Italy's economic climate, albeit gradual, should support positive growth ininsurance spending through our forecast period to 2020. Helped by low interest rates, Italian householdsare gradually starting to spend money again, a trend which is filtering through into both the life and nonlifeinsurance markets. The remodelling of Italy's pensions and welfare systems should create long-termgrowth opportunities for private insurers in certain segments of the market, notably the life and healthinsurance markets. Meanwhile, as companies streamline, the consolidation of the insurance market mayprovide room for new entrants and investors.
Key Updates And Forecasts
We maintain our view that Italy's insurance sector will see an increase in M&A activity over the comingmonths as smaller firms look to consolidate and larger composite insurers begin to streamline theirbusiness. This should provide opportunities for foreign investors. In December 2015, Germany's TalanxGroup reported it was acquiring life insurer CBA Vita SpA and its subsidiary Sella Life throughits Italian subsidiary HDI Assicurazioni SpA. Talanx also acquired a 49% stake in property & casualtyinsurer InChiaro Assicurazioni SpA.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook