The primary insurance penetration in Italy increased marginally from 7.6 in 2013 to 8.6 in 2023. The year-on-year growth remained relatively stable, with a slight increasing trend. Over the last two years (2022-2023), the value stayed consistent at 8.6. The 5-year compound annual growth rate (CAGR) for the forecast period is projected at 0.46%, leading to a forecasted value of 8.8 by 2028, reflecting a 2.33% growth rate over the five-year span.

Future trends to watch for:

Technological advancements in the insurance industry may drive higher penetration rates.
Regulatory changes could impact market dynamics and penetration levels.
Evolving consumer behaviors and demand for personalized insurance products.