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Life Insurance in Italy, Key Trends and Opportunities to 2020

Life Insurance in Italy, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Italy Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Italian life insurance segment, and a comparison of the Italian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Italian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Italy Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Italian life insurance segment, including:

  • An overview of the Italian life insurance segment
  • The Italian life insurance segment’s growth prospects by category
  • A comprehensive overview of the Italian economy and demographics
  • A comparison of the Italian life insurance segment with its regional counterparts
  • The various distribution channels in the Italian life insurance segment
  • Details of the competitive landscape in the life insurance segment in Italy
  • Details of regulatory policy applicable to the Italian insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Italy:
  • It provides historical values for the Italian life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Italian life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Italian life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Italy.
  • It profiles the top life insurance companies in Italy and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Italian life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Italian life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Italian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Italian life segment is moderately concentrated, as the 10 leading insurers accounted for 67.5% of the direct written premium in 2015.
  • Government bonds accounted for the largest share of investments made by life insurers during the review period.
  • Due to the low interest rate, insurers are terminating products with guaranteed interest and launching linked insurance products.
  • The economic crisis led to rising unemployment and wage cuts during the review period. These factors are expected to negatively affect the growth of the life segment, as consumers with reduced disposable incomes are unlikely to invest in voluntary insurance products.


  • Key Facts and Highlights
    • Table Italian Life Insurance - Key Facts, 2015
    • Table Italian Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Italian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Italian Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Italian Life Insurance - Penetration (%), 2011-2015
        • Table Italian Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
        • Table Italian Life Insurance - Penetration (%), 2015-2020
        • Table Italian Life Insurance - New Business Direct Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Italian Life Insurance - New Business Direct Written Premium (EUR Billion and US$ Billion), 2015-2020
        • Table Italian Life Insurance - Premium per Capita (EUR and US$), 2011-2015
        • Table Italian Life Insurance - Premium per Capita (EUR and US$), 2015-2020
      • Policies sold
        • Table Italian Life Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Italian Life Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Italian Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Italian Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Assets and investments
        • Table Italian Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
        • Table Italian Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
        • Table Italian Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2011-2015
        • Table Italian Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2015-2020
        • Table Italian Life Insurance - Investment Portfolio (EUR Billion), 2011-2015
        • Table Italian Life Insurance - Investment Portfolio (EUR Billion), 2015-2020
  • Outlook by Sub-Segment
    • Table Italian Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2011-2015
    • Table Italian Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2015-2020
    • Individual Life Insurance
      • Premium
        • Table Italian Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
        • Table Italian Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
      • Penetration
    • Group Life Insurance
      • Premium
        • Table Italian Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
        • Table Italian Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
      • Penetration
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Italian Life Insurance - New Business Direct Written Premium by Distribution Channel (EUR Billion), 2011-2015
      • Table Italian Life Insurance - New Business Direct Written Premium by Distribution Channel (EUR Billion), 2015-2020
      • Table Italian Life Insurance - Percentage of New Business Direct Written Premium, by Distribution Channel, 2011-2020
  • Competitive Landscape
    • Table Italian Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Gruppo Assicurativo Poste Vita - company overview
        • Table Gruppo Assicurativo Poste Vita - Key Facts
      • Intesa Sanpaolo Vita - company overview
        • Table Intesa Sanpaolo Vita - Key Facts
      • Generali Italia - company overview
        • Table Generali Italia - Key Facts
      • Genertellife - company overview
        • Table Genertellife - Key Facts
      • Fideuram Vita SpA - company overview
        • Table Fideuram Vita SpA - Key Facts
  • Governance, Risk and Compliance
    • Table Italy - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Italy - Life Insurance Regulatory Framework
      • Property insurance
        • Table Italy - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Italy - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Italy - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third party liability insurance
      • Civil liability insurance for motor boats and yachts
      • Social insurance system
      • Air carriers and aircraft operators' insurance
        • Table Italy - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Professional indemnity insurance for healthcare professionals
      • Professional indemnity insurance for alternative investment fund managers
      • Clinical trials liability insurance
      • Liability for ships with respect to oil pollution
      • Professional indemnity insurance for insurance brokers and agents
      • Third-party liability insurance for remotely piloted aerial vehicles
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • European Insurance and Occupational Pensions Authority (EIOPA)
      • Federation of European Risk Management Associations (FERMA)
      • Istituto per la Vigilanza sulle Assicurazioni (IVASS)
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Italy - Taxation on Insurance Products
      • Withholding taxes on premiums paid overseas
      • Corporate tax
        • Table Italy - Corporate Tax Rates for the Financial Year 2016
      • Branch remittance: ExemptCaptives
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Italian Life Insurance - Policies and Premium, 2011-2015
      • Table Italian Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Italian Life Insurance - Claims and Expenses, 2011-2015
      • Table Italian Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Italian Life Insurance - Assets and Investments, 2011-2015
      • Table Italian Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Italian Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Italian Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Italian Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Italian Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Italian Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Italian Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Individual Life Insurance
      • Table Italian Life Insurance - Individual Life Insurance, 2011-2015
      • Table Italian Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table Italian Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table Italian Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Group Life Insurance
      • Table Italian Life Insurance - Group Life Insurance, 2011-2015
      • Table Italian Life Insurance - Group Life Insurance, 2015-2020
    • Group Life Insurance by Product
      • Table Italian Life Insurance - Group Life Insurance by Product, 2011-2015
      • Table Italian Life Insurance - Group Life Insurance by Product, 2015-2020
    • Individual Life - Single vs Non-Single Premium
      • Table Italian Life Insurance - Individual Life Insurance by Premium, 2011-2015
      • Table Italian Life Insurance - Individual Life Insurance by Premium, 2015-2020
    • Linked vs Non-Linked Policies
      • Table Italian Life Insurance - Linked vs Non-Linked Policies, 2011-2015
      • Table Italian Life Insurance - Linked vs Non-Linked Policies, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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