Best's Market Segment Report: AM Best Maintains Negative Outlook on Italy’s Life Insurance Segment

AMSTERDAM--(BUSINESS WIRE)--AM Best is maintaining its negative outlook on Italy’s life insurance segment.

In its new Best’s Market Segment Report, “Market Segment Outlook: Italy Life Insurance”, AM Best notes that while it expects premium growth momentum to continue in 2025, insurers in Italy are still facing elevated levels of surrenders which failed to scale down as hoped. These surrenders continue to exert pressure on net flows, especially with regards to capital-light products.

The report also states that the Italian life insurance segment continues to exhibit an elevated level of concentration, by players and distribution channels. With roughly half of total life premiums written by three companies and distributed through bancassurance channels, these characteristics act as barriers to entry for new companies and prevent smaller participants from gaining market share.

To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=354173.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Contacts

Andrea Porta
Financial Analyst
+31 20 808 1700
andrea.porta@ambest.com

Jose Berenguer
Associate Director, Analytics
+31 20 808 2276
jose.berenguer@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

Industry:

AM Best

Release Versions

English Italian

Hashtags

#insurance

Contacts

Social Media Profiles

AM Best Rating Services on LinkedIn

AM Best Ratings Twitter

AM Best Co.

AM Best on YouTube

More News From AM Best

AM Best Upgrades Long-Term Issuer Credit Rating of Hanoi Reinsurance Joint Stock Corporation

SINGAPORE--(BUSINESS WIRE)--AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of Hanoi Reinsurance Joint Stock Corporation (Hanoi Re). In addition, AM Best has revised the outlook of the Long-Term ICR to stable from positive, while the outlook of the FSR and the NSR is stable. The Credit Ratings (ratings) refl...

AM Best Affirms Credit Ratings of PVI Insurance Corporation

SINGAPORE--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the Vietnam National Scale Rating of aaa.VN (Exceptional) of PVI Insurance Corporation (PVI Insurance). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PVI Insurance’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropri...

AM Best Affirms Credit Ratings of Pacific International Insurance Pty Limited

SINGAPORE--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Pacific International Insurance Pty Limited (Pacific) (Australia). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Pacific’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). These ratings...

Back to Newsroom