The turnover of Insurance, Reinsurance and Pension Funding in Italy reached 152.1 billion Euros in 2023. The industry experienced various year-on-year changes, including notable increases in 2014 by 18.5% and smaller fluctuations in subsequent years. For the past two years, the industry witnessed minor declines of 0.19% in both 2022 and 2023. The compound annual growth rate (CAGR) over the last five years leading to 2023 was 0.067%, indicating relatively stable performance with slight downward tendencies.

From 2024 onwards, the forecasts suggest a gradual decrease in turnover, projecting a decline to 150.73 billion Euros by 2028. The five-year CAGR forecast indicates a slight negative growth rate of -0.14%, highlighting a slow but steady downward trend.

Future trends to watch for include:

The impact of regulatory changes and economic conditions on the insurance and reinsurance sectors.
The effect of technological advancements and digital transformation on market dynamics.
Potential shifts in consumer behavior and demand for pension funding products.