Synopsis

The report provides in depth market analysis, information and insights into the Italian reinsurance segment, including:
• The Italian reinsurance segment's growth prospects by reinsurance categories
• Key trends and drivers for the reinsurance segment
• The Italian reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments
• The competitive landscape in the Italian reinsurance segment

Summary

The Italian reinsurance segment declined at a compound annual growth rate (CAGR) of 3.0% during the review period (2008–2012), from EUR1.4 billion (US$2.0 billion) in 2008 to EUR1.2 billion (US$1.6 billion) in 2012. This was mainly due to persistent weak economic conditions and the absence of any compulsory natural disaster-related insurance. The treaty reinsurance category accounted for 85.9% of the segment’s total written premium, while the facultative reinsurance category accounted for 14.1%. The reinsurance segment is mostly dominated by foreign insurers.

Scope

This report provides a comprehensive analysis of the reinsurance segment in Italy:
• It provides historical values for Italy’s reinsurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key sub-segments in Italy’s reinsurance segment, along with market forecasts until 2017
• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Italy and its growth prospects


Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Italian reinsurance segment and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Italian reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Italian insurance industry and its impact on companies and the market's future

Key Highlights

• The Italian reinsurance segment posted a CAGR of -3.0% during the review period. The primary application of reinsurance in Italy is to manage exposure to natural disasters
• During the review period, two major earthquakes – L'Aquila in April 2009 and Emilia Romagna in May 2012 – claimed hundreds of lives and destroyed properties
• In the absence of obligatory insurance for natural disasters, the Italian government covers the majority of losses, spending an annual average of EUR4.5 billion (US$5.8 billion).
• In the absence of any domestic reinsurance company, the segment is dominated by multinational reinsurers such as Swiss Re, Munich Re and SCOR
• The treaty reinsurance category accounted for 85.9% of the reinsurance premiums generated in 2012, while the facultative reinsurance category accounted for the remaining 14.1%


Table Of Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Italian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
3.2 Reinsurance Growth Dynamics and Challenges
3.3 Reinsurance Segment Size, 2008-2017
3.4 Reinsurance Segment Size by Type of Insurance, 2008-2017
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Drivers
4.3 Non-Life Insurance Drivers
4.4 Personal Accident and Health Insurance Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Italian Reinsurance Market
5.3 Muenchener Rueck Italia SpA - Company Overview
5.3.1 Muenchener Rueck Italia SpA - key facts
5.4 Hannover Re Services Italy Srl - Company Overview
5.4.1 Hannover Re Services Italy Srl - key facts
5.5 Swiss Re Italia SpA - Company Overview
5.5.1 Swiss Re Italia SpA - key facts
5.6 SCOR Italia Riassicurazioni SpA - Company Overview
5.6.1 SCOR Italia Riassicurazioni SpA - key facts
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend - Borsa Italiana Stock Exchange, Italy
6.2 Economic Performance
6.2.1 GDP at constant prices (US$)
6.2.2 GDP per capita at constant prices (US dollar)
6.2.3 GDP at current prices (US dollar)
6.2.4 GDP per capita at current prices (US dollar)
6.2.5 GDP by key segments
6.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US dollar)
6.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
6.2.8 Manufacturing net output at current prices (US$)
6.2.9 Manufacturing net output at current prices as a percentage of GDP
6.2.10 Mining, manufacturing and utilities at current prices (US$)
6.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.12 Construction net output at current prices, (US$)
6.2.13 Construction net output at current prices as a percentage of GDP
6.2.14 Inflation rate
6.2.15 Exports as a percentage of GDP
6.2.16 Imports as a percentage of GDP
6.2.17 Exports growth
6.2.18 Imports growth
6.2.19 Annual average exchange rate EUR-US$
6.3 Infrastructure Quality and Availability
6.3.1 Commercial vehicles exports total value
6.3.2 Commercial vehicles imports total value
6.3.3 Automotive exports total value
6.3.4 Automotive imports total value
6.3.5 Total internet subscribers
6.3.6 Unemployment rate
6.4 Demographics
6.4.1 Gross national disposable income (US$)
6.4.2 Household consumption expenditure (US$)
6.4.3 Total population
6.4.4 Urban and rural population
6.4.5 Age distribution of the total population
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric’s Services
7.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Italian Insurance - Overall Written Premium by Segment (EUR Billion), 2008-2012
Table 3: Italian Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Italian Insurance - Overall Written Premium by Segment (EUR Billion), 2012-2017
Table 5: Italian Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Italian Insurance - Segmentation (% Share), 2008-2017
Table 7: Reinsurance in Italy by Category (EUR Billion), 2008-2012
Table 8: Reinsurance in Italy by Category (US$ Billion), 2008-2012
Table 9: Reinsurance in Italy by Category (EUR Billion), 2012-2017
Table 10: Reinsurance in Italy by Category (US$ Billion), 2012-2017
Table 11: Italian Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2008-2012
Table 12: Italian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 13: Italian Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2012-2017
Table 14: Italian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 15: Italian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Italian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Italian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 18: Italian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 19: Italian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Italian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 21: Leading Companies in the Italian Reinsurance Segment
Table 22: Muenchener Rueck Italia SpA, Key Facts
Table 23: Hannover Re Services Italy Srl, Key Facts
Table 24: Swiss Re Italia SpA, Key Facts
Table 25: SCOR Italia Riassicurazioni SpA, Key Facts

List of Figures

Figure 1: Italian Insurance - Overall Written Premium by Segment (EUR Billion), 2008-2017
Figure 2: Italian Insurance - Dynamics by Segment (%), 2008-2017
Figure 3: Italian Premium Ceded to Reinsurance by Category (EUR Billion), 2008-2017
Figure 4: Italian Premium Ceded to Reinsurance by Category (Percentage Share), 2012 and 2017
Figure 5: Italian Reinsurance - Dynamics by Category (%), 2008-2017
Figure 6: Italian Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2008-2017
Figure 7: Italian Reinsurance - Dynamics by Type of Insurance (%), 2008-2017
Figure 8: Italian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 9: Italian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 10: Italian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 11: Italian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 12: Italian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 13: Italian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 14: Italian Stock Exchange Market Capitalization (US$ Billion), 2007-2011
Figure 15: Italian GDP at Constant Prices (US$ Billion), 2007-2011
Figure 16: Italian GDP Per Capita at Constant Prices (US$), 2007-2011
Figure 17: Italian GDP at Current Prices (US$ Billion), 2008-2012
Figure 18: Italian GDP Per Capita at Current Prices (US$), 2008-2012
Figure 19: Italian GDP by Key Segments (%), 2007 and 2011
Figure 20: Italian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2007-2011
Figure 21: Italian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 22: Italian Manufacturing Net Output at Current Prices (US$ Billion), 2007-2011
Figure 23: Italian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 24: Italian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007-2011
Figure 25: Italian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 26: Italian Construction Net Output at Current Prices (US$ Billion), 2007-2011
Figure 27: Italian Construction Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 28: Italian Inflation Rate (%), 2008-2012
Figure 29: Italian Exports as a Percentage of GDP (%), 2007-2011
Figure 30: Italian Imports as a Percentage of GDP (%), 2007-2011
Figure 31: Italian Exports Growth (%), 2008-2011
Figure 32: Italian Imports Growth (%), 2008-2011
Figure 33: Italian Annual Average Exchange Rate US$-EUR, 2008-2012
Figure 34: Italian Commercial Vehicles Exports Total Value (US$ Million), 2007-2011
Figure 35: Italian Commercial Vehicles Imports Total Value (US$ Million), 2007-2011
Figure 36: Italian Automotive Exports Total Value (US$ Million), 2007-2011
Figure 37: Italian Automotive Imports Total Value (US$ Billion), 2007-2011
Figure 38: Italian Internet Subscriptions (Million), 2007-2011
Figure 39: Italian Unemployment Rate (%), 2008-2012
Figure 40: Italian Gross National Disposable Income (US$ Billion), 2007-2011
Figure 41: Italian Household Consumption Expenditure (US$ Billion), 2007-2011
Figure 42: Italian Total Population (Million), 2008-2012
Figure 43: Italian Urban and Rural Population (%), 2008-2012
Figure 44: Italian Population Distribution by Age (%), 2008-2012

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