Italian Insurance

EXECUTIVE SUMMARY
1. THE ITALIAN INSURANCE MARKET: KEY FIGURES 2024
OPERATING INSURANCE COMPANIES
INCOME STATEMENT – STATUTORY FINANCIAL STATEMENTS
RESULT ON INVESTMENT ACTIVITY
THE RESULT FOR THE FINANCIAL YEAR
BALANCE SHEET – STATUTORY FINANCIAL STATEMENT
THE CURRENT VALUE OF THE SECURITIES PORTFOLIO AND THE EXTENSION OF THE TEMPORARY SUSPENSION MEASURE
ON UNREALIZED LOSSES FOR TRADING SECURITIES
EUROPEAN BRANCHES ESTABLISHED IN ITALY OPERATING IN THE NON-LIFE SECTOR: KEY FIGURES
THE SOLVENCY II BALANCE SHEET
INVESTMENTS IN SOLVENCY II
THE DIVERSIFICATION OF INSURANCE ASSETS WITH A FOCUS ON ALTERNATIVE AND ESG INVESTMENTS
SAVINGS AND INVESTMENTS UNION
THE SOLVENCY OF THE ITALIAN INSURANCE MARKET
THE SOLVENCY II REVIEW
SUSTAINABILITY PLANS UNDER SOLVENCY II
THE NEW IRRD DIRECTIVE
FOCUS ON THE INTEGRATION OF SUSTAINABILITY WITHIN INSURANCE COMPANIES
ANALYSIS OF PRINCIPAL ADVERSE IMPACTS (PAIs) ON SUSTAINABILITY DECISIONS
IN PORTFOLIOS OF THE ITALIAN INSURANCE SECTOR
IMPLEMENTATION OF THE ENABLING ACT FOR TAX REFORM – CONSOLIDATED ACTS
INNOVATION AND ARTIFICIAL INTELLIGENCE
FiDA
DORA REGULATION
THE ANIA GUIDELINES FOR CLEAR AND UNDERSTANDABLE CONTRACTS
INSURANCE OMBUDSMAN: LEGISLATIVE DECREE NO. 215/2024
PREMIUM FORECASTS FOR 2025

2. THE ITALIAN INSURANCE INDUSTRY IN THE EUROPEAN CONTEXT
MAIN DATA FROM THE EUROPEAN MARKET
THE TAXATION OF PREMIUMS IN THE EUROPEAN UNION

3. LIFE INSURANCE
LIFE TECHNICAL ACCOUNT
THE EVOLUTION OF LIFE INSURANCE PRODUCTS
LIFE INSURANCE AND HOUSEHOLD SAVINGS IN ITALY
THE GRINS PROJECT: FINANCIAL LITERACY IN ITALY
SUPPLEMENTARY PENSION PLANS: KEY FIGURES
THE HISTORICAL PERFORMANCE OF WITH-PROFIT POLICIES AND THE ANALYSIS
OF SEGREGATED FUNDS
2025 BUDGET LAW – NEW APPLICATION RULES FOR STAMP DUTY ON PERIODIC
REPORTING OF CLASS III AND V LIFE INSURANCE POLICIES
ESTABLISHMENT OF THE LIFE INSURANCE GUARANTEE FUND
LEGISLATION ON THE RIGHT TO BE FORGOTTEN FOR CANCER SURVIVORS

4. NON-LIFE INSURANCE
NON-LIFE TECHNICAL ACCOUNT
SHARE OF RETAIL AND CORPORATE POLICIES IN NON-LIFE BUSINESS

5. MOTOR INSURANCE
THE TECHNICAL ACCOUNT FOR MOTOR LIABILITY INSURANCE
THE TECHNICAL ACCOUNT OF LAND VEHICLE INSURANCE OPERATIONS
CAR THEFT IN ITALY
PASSENGER CAR FIRE AND THEFT COVERAGE IN ITALY
AVERAGE CLAIM COST AND FREQUENCY IN MOTOR THIRD-PARTY LIABILITY INSURANCE
COMPENSATION FOR PERSONAL INJURY IMPLEMENTATION OF THE NATIONAL UNIFIED TABLE
FOR MAJOR PERMANENT DISABILITIES
ANALYSIS OF MOTOR LIABILITY PREMIUM TRENDS AND EUROPEAN COMPARISON
INSURANCE FRAUD IN MOTOR THIRD-PARTY LIABILITY
DIRECT COMPENSATION
CALCULATION OF THE FLAT AMOUNTS FOR 2025
DIGITISATION OF THE ACCIDENT STATEMENT FORM (CAI)
IVASS IMPLEMENTING REGULATION NO. 56 OF 25 MARCH 2025
MOTOR INSURANCE DIRECTIVE (EU) 2021/2118 IMPLEMENTING LEGISLATIVE
DECREE NO. 184/2023 EUROPEAN CLAIMS HISTORY STATEMENT

6. OTHER NON-LIFE INSURANCE
TECHNICAL ACCOUNT OF NON-LIFE BUSINESS
OTHER THAN MOTOR
ENTRY INTO FORCE OF THE INSURANCE OBLIGATION FOR BUSINESS ACTIVITIES
TO COVER DAMAGES CAUSED BY NATURAL DISASTERS AND CATASTROPHIC EVENTS
(NAT CAT) AND THE CREATION OF THE INSURANCE POOL
NATURAL CATASTROPHES: 2024 EVENTS AND CURRENT ESTIMATE
OF THE INSURANCE MARKET EXPOSURE
THE SPREAD OF NON-LIFE INSURANCE COVERAGE AMONG ITALIAN COMPANIES
GRINS PROJECT: THE DIFFUSION OF NAT-CAT POLICIES
AMONG ITALIAN JOINT-STOCK COMPANIES
AGRICULTURAL RISKS: AGRICAT FUND AND SIMPLIFIED POLICY,
AGRICULTURAL RISK MANAGEMENT PLAN, ESTABLISHMENT OF AGEA TASK FORCE
GENERAL LIABILITY: NEW DIRECTIVE ON LIABILITY FOR DEFECTIVE PRODUCTS
SPACE RISKS: COMPULSORY THIRD-PARTY LIABILITY INSURANCE
ENAC REGULATION ON INSURANCE REQUIREMENTS FOR AIR CARRIERS
AND AIRCRAFT OPERATORS
CORRECTIVE DECREE TO THE PUBLIC PROCUREMENT CODE
PERCEPTION, INCIDENCE AND MANAGEMENT OF CYBER RISK AMONG ITALIAN COMPANIES
THE SPREAD OF FIRE INSURANCE AND NATURAL DISASTER COVERAGE
FOR RESIDENTIAL PROPERTIES
ANALYSIS OF THE PENETRATION OF OTHER NON-LIFE INSURANCE, HEALTH AND COMPLEMENTARY PENSION POLICIES
AMONG ITALIAN HOUSEHOLDS BASED ON BANK OF ITALY DATA
GRINS PROJECT: WILLINGNESS TO PAY FOR PRIVATE HEALTH INSURANCE
ITALIAN HEALTHCARE EXPENDITURE BY SOURCE OF FUNDING
IN AN INTERNATIONAL COMPARISON
HEALTHCARE PROFESSIONAL LIABILITY: DECREE ON MINIMUM REQUIREMENTS – UPDATES

7. HUMAN RESOURCES AND LABOR
STAFF AND LABOR COSTS
LABOR REGULATIONS AND THE INDUSTRY SOLIDARITY FUND
LABOR RELATIONS AND COLLECTIVE BARGAINING: INDUSTRY-WIDE AND COMPANY-LEVEL

8. INSURANCE DISTRIBUTION
LIFE INSURANCE
NON-LIFE INSURANCE
AGENTS’ PENSION FUND
THE DEVELOPMENT OF BANCASSURANCE