2. Italy Life and Non-Life Insurance Market Size by Value,

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2 TABLE OF CONTENTS 1. Italy Insurance Market Introduction 2. Italy Life and Non-Life Insurance Market Size by Value, Italy Life and Non-Life Insurance Density, Premium Per Capita, USD, Italy Life and Non-Life Insurance Penetration, Premium as a % of GDP, Italy Insurance Market Segmentation by Product, 2009 and Italy Motor Insurance Market Size by Value, Italy Health Insurance Market Size by Value, Italy Property Insurance Market Size by Value, Italy Life and Non-Life Insurers Investment Portfolio, USD Million, Italy Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, Italy Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, Italy Non-Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, Number of Insurance Companies in Italy, Headcount in Italy Insurance Sector, Italy Insurance Competitive Landscape Italy Life Insurance Competitive Landscape, Italy Non-Life Insurance Competitive Landscape, Italy Insurance Market Future Outlook 12. Appendix Market Definition Abbreviations Disclaimer 2

3 LIST OF FIGURES Figure 1: Italy Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, Figure 2: Italy Life and Non Life Insurance Density, Premium per Capita, in USD, Figure 3: Italy Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, Figure 4: Italy Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009 Figure 5: Italy Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2015 Figure 6: Italy Motor Insurance Market Size in USD Million, on the basis of Gross Insurance Premium Written, Figure 7: Italy Health Insurance Market Size in USD Million, on the basis of Gross Insurance Premium Written, Figure 8: Italy Property Insurance Market Size in USD Million, on the basis of Gross Insurance Premium Written, Figure 9: Italy Life and Non-life Insurers Contribution in the Total Investment Portfolio, in Percentage, Figure 10: Italy Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, 2008 Figure 11: Italy Non-Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, 2008 Figure 12: The Total Number of Insurance Companies in Italy, Figure 13: The Total Number of Employees in the Insurance Sector in Italy, Figure 14: Italy Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, 2008 Figure 15: Italy Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in Percentage,

4 LIST OF TABLES Table 1: Italy Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, Table 2: Italy Life and Non Life Insurance Density, Premium per Capita, in USD, Table 3: Italy Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, Table 4: Italy Motor Insurance Market Size in USD Million, on the basis of Gross Insurance Premium Written, Table 5: Italy Health Insurance Market Size in USD Million, on the basis of Gross Insurance Premium Written, Table 6: Italy Property Insurance Market Size in USD Million, on the basis of Gross Insurance Premium Written, Table 7: Italy Life and Non-life Insurers Contribution in the Total Investment Portfolio, in USD Million, Table 8: The Total Number of Insurance Companies in Italy, Table 9: The Total Number of Employees in the Insurance Sector in Italy, Table 10: Italy Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2008 Table 11: Italy Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in USD Million,

5 ITALY INSURANCE MARKET ITALY LIFE AND NON-LIFE INSURANCE MARKET SIZE BY VALUE, In the period from , the gross life insurance premium is expected to increase from USD ~ million to USD ~ million, at a CAGR of ~%. A modest growth is also expected in non-life insurance sector. The sector is expected to register a growth of ~%, rising from USD ~ million in 2009 to USD ~ million by Total gross insurance premium is also expected to increase continuously in the forecasted period. The premium would reach approximately USD ~ million in Figure: Italy Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, ,000 Gross Insurance Premium Written (USD million) 200, , ,000 50, Life Insurance Non-Life Insurance Source: Swiss Re, AM Mindpower Solutions ITALY INSURANCE MARKET SEGMENTATION BY PRODUCT, 2009 AND 2015 An increase of ~% is expected in case of life insurance. The increased share would reach ~% by A decrease of ~% in market share for motor insurance is expected in There is not much change anticipated in the share of health, property and other non-life insurance. The share of three segments is expected to reach ~%, ~% and ~% respectively by

6 Figure: Italy Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, Life Motor Property Health Other non-life Source: AM Mindpower Solutions ITALY HEALTH INSURANCE MARKET The health insurance in Italy has risen very sharply in the historical period. The region has witnessed a CAGR of ~% during The gross premium has increased continuously from In 2008, the premium from health insurance stood at USD ~ million. In 2009, the market declined slightly and a decrease of ~% was registered which brought down the premium to USD ~ million. The market for health insurance is expected to continue the same pace at which it grew in the historical period. The growth rate expected till 2015 would be approximately ~%. The premium from health insurance is expected to reach USD ~ million by

7 Figure: Italy Health Insurance Market Size in USD Million, on the basis of Gross Insurance Premium Written, ,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Gross Insurance Premium Written (USD million) Health Insurance Source: AM Mindpower Solutions ITALY INSURANCE COMPETITIVE LANDSCAPE ITALY LIFE INSURANCE COMPETITIVE LANDSCAPE, 2008 Italy insurance market is highly fragmented with none of the player holding a double digit market share. The biggest player i.e. Poste Vita has a market share of ~%. The second largest player is Assicurazioni Generali with a market share of ~%. There was a stiff competition among Alleanza Assicurazioni, INA Assitalia and CreditRas Vita, with a market share of ~%, ~% and ~% respectively. Some of the major players in the insurance industry are Allianz, Popolare Vita, Genertel Life, Intesa Vita and MediolanumVita. Other players operating in the region holds a combined share of ~% of the total market. 7

8 Figure: Italy Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, Poste Vita Assicurazioni Generali Alleanza Assicurazioni INA Assitalia CreditRas Vita Allianz Popolare Vita Genertel Life Intesa Vita MediolanumVita Others Source: Insurance Information Institute, III.org 8

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