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Italy Retail Report Q2 2016

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.


BMI Industry View
Table: Headline Insurance Forecasts (Italy 2013-2020)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Italy 2013-2020)
Table: Life Insurance Claims (Italy 2007-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Italy 2013-2020)
Table: Non-Life Insurance Claims (Italy 2008-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Italy 2013-2020)
Insurance Risk/Reward Index
Developed States Risk/Reward Index
Table: Developed States Retail Risk/Reward Index, Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market (USDmn), 2007-2014
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non-Life Insurance Market (USDmn), 2007-2014
Company Profile
Generali Italia
Intesa Sanpaolo Vita SpA
Mediolanum Vita SpA
Poste Vita SpA
UnipolSai Assicurazioni SpA
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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