How has the insurance industry changed over the past 10 years? Who are the main players? What role do the big bata play in this sector? Adnkronos and Expleo’s Datafactor trace an overview of the insurance market with the help of data provided by different sources: – Ania, National Association of Insurance Companies, a voluntary and non-profit association that groups and represents members and Italian insurance market vis-à-vis the main political and administrative institutions – IVASS, Institute for Insurance Supervision, an entity with legal personality under public law that works to ensure adequate protection of policyholders, pursuing the sound and prudent management of insurance and reinsurance, their transparency and fairness towards customers. The Institute also pursues the stability of the financial system and markets – OECD, The Organization for the Economic Co-operation adn Development, an international organization of economic studies for member countries, developed countries sharing a democratic system of government and a market economy. It plays the role of a consultative assembly for a discussion on political experiences, resolution of common problems, identification of commercial practices and coordination of local and international policies of member countries. Among the first data from the analysis of the Italian insurance sector, it emerges that the total gross premiums written in 2021 is 150.6 billion euros (source IVASS), with an increase of 5% compared to 2020. The life insurance sector is the one that has grown more in the last year (+ 6%), compared to + 3% in the non-life sector. With “gross premium written” we mean the amount, gross of reinsurance transfers, regardless of whether these amounts have been collected or whether they refer entirely or partially to subsequent years. “Reinsurance” means the reduction of the insured risk which takes place through the sale by an insurance company of risk shares to companies specialized in this branch
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