Market Research Report
Trend and Opportunities in the Italian Non-Life Insurance Industry to 2016: Market Profile
|Published by||Timetric||Product code||247168|
|Published||Content info||168 Pages
|Trend and Opportunities in the Italian Non-Life Insurance Industry to 2016: Market Profile|
|Published: July 18, 2012||Content info: 168 Pages||
The report provides in-depth market analysis, information and insights into the Italian non-life insurance market, including:
The Italian non-life insurance segment is broadly divided into four categories: general third-party, motor property, marine and aviation and transit. Non-life is the second-largest segment after life insurance in the Italian insurance industry, representing a market share of XX% in 2011. The Italian non-life insurance segment remains stable despite the adverse effects of the global financial crisis and variable domestic economic conditions. However, in 2011, the Italian non-life insurance segment registered growth due to the recovery of the motor insurance category. This was possible due to the government initiatives towards liberalizing the Italian motor insurance category.
The liberalization process is expected to support the growth of the non-life insurance segment over the forecast period. As a part of liberalization, the Italian government is aiming to provide discounts to people who can't afford the motor liability rates in order to stimulate competition, and has introduced seven new articles in order to target the large number of uninsured vehicles, which estimates put at around XX million. Of the seven articles, five are directed towards fraud while the remaining two are designed to encourage competition.
This report provides a comprehensive analysis of the non-life insurance market in Italy, including: