The number of enterprises in Italy's life insurance sector is projected to decline from 34 in 2024 to 32 by 2028. This indicates a stagnant to slightly declining trend over the forecast period. In 2023, there were 34 enterprises operating, showing no drop from the 2024 forecast. The year-on-year percent change indicates stability from 2025 to 2027 and a slight contraction by 2028. The 5-year compound annual growth rate (CAGR) suggests a slight decrease in the number of enterprises, reflecting consolidation or market exit.
Future trends to watch for include:
- Potential mergers and acquisitions as companies seek to scale for efficiency.
- The impact of regulatory changes on small to medium enterprises.
- Technological advancements driving innovation and potentially affecting the competitive landscape.
- Economic factors influencing consumer demand and profitability in the life insurance market.