A.M. Best Company

06/11/2024 | Press release | Distributed by Public on 06/11/2024 06:39

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

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JUNE 11, 2024 08:37 AM (EDT)

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

CONTACTS:

Andrea Porta
Financial Analyst, Analytics
+31 20 808 1700
[email protected]

Jose Berenguer
Associate Director, Analytics
+31 20 808 2276
[email protected]
Richard Banks
Director, Industry Research & EMEA
+44 20 7397 0322
[email protected]

Edem Kuenyehia
Director, Market Development &
Communications
+44 20 7397 0280
[email protected]

FOR IMMEDIATE RELEASE

AMSTERDAM - JUNE 11, 2024 08:37 AM (EDT)
AM Best is maintaining its market segment outlook on Italy's life insurance segment at negative.

In its new Best's Market Segment Report, "Market Segment Outlook: Italy Life Insurance", AM Best notes that it expects life insurance premium growth to remain constrained in 2024 as the segment's top line is sensitive to wider economic conditions due to its concentration on savings business.

The report also sets out AM Best's expectation that 2024 will be a year of stabilisation and slow recovery for Italy's life insurers, with the major headwinds losing momentum. While the risk of a mass lapse event has lessened and is not expected to materialise, competition from other investment products offering higher returns will likely continue to constrain growth.

To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=343555.

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.