Stable Forecast for Italy's Non-Life Insurance Sector: AM Best's Perspective Remains Unchanged
Italy's Non-Life Insurance Sector Retains Stable Outlook, Augmented by Regulatory Changes and Natural Catastrophe Risks
Amsterdam - Global credit rating agency AM Best has kept a stable outlook on Italy's non-life insurance segment following the introduction of new regulations and escalating natural catastrophe risks. In its recent Best's Market Segment Report, "Market Segment Outlook: Italy Non-Life Insurance," the company analyzes and forecasts the future of Italy's insurance sector, addressing several recent challenges.
New Challenges Shape the Insurance Landscape
The report emphasizes that natural catastrophe risks are gaining significance due to the recently enacted laws requiring corporate entities to acquire coverage against earthquakes, floods, inundations and landslides. These regulations took effect on March 31, 2025, for large enterprises.
Insurers also face new challenges from regulatory updates pertaining to bodily injury compensation and non-pecuniary damage, as well as a major revision to implement a unified table that standardizes parameters and criteria across regions.
A Path to Sustained Profitability
Despite these challenges, AM Best anticipates that the Italian non-life insurance sector will take measures to maintain profitability. The insurers are expected to implement additional rate increases as a means of mitigating the impacts of the regulatory changes.
The sector's adaptability is expected to allow for the successful implementation of updated pricing strategies, ensuring long-term profitability in the face of increased risks and operational challenges.
To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=354171.
AM Best, a global credit rating agency, news publisher, and data analytics provider with offices in over 100 countries, specializes in the insurance industry. For more information, visit www.ambest.com.
Contacts:
Andrea Porta, Financial Analyst, +31 20 808 1700, [email protected] Berenguer, Associate Director, Analytics, +31 20 808 2276, [email protected] Banks, Director, Industry Research - EMEA, +44 20 7397 0322, [email protected] Kuenyehia, Director, Market Development & Communications, +44 20 7397 0280, [email protected]
(Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.)
Source: Business Wire, Author: Business Wire.
Cloud-based risk assessments may aid insurers in navigating the escalating natural catastrophe risks and new regulatory changes in Italy's non-life insurance sector. As relevant stakeholders adapt to these challenges, they could leverage financial news and analytics from AM Best to develop sustainable pricing strategies that ensure long-term business profitability.
