Italians do not reach the sufficiency for financial and insurance awareness and behavior. This is what emerges from ‘Edufin Index’, the observatory of Alleanza Assicurazioni, the Gasbarri Foundation and SDA Bocconi. The result obtained by the Italians is 55 out of 100, when the sufficiency is set at 60 out of 100. The observatory, presented today in Rome, stands out – explains a note – “for being the first study to relate financial knowledge and insurance of Italians with their behavior. In addition, for the first time the financial and insurance knowledge of the ‘new Italians’ (Filipino, South American and Romanian citizens residing in our country) are also investigated through interviews carried out in their mother tongue “.” Financial and insurance education has a high social relevance: for this reason, those who make insurance must play a central and complementary role to the public system “, said Davide Passero, CEO of Alleanza Assicurazioni and country chief marketing & product cfficer of Generali Italia, underlining that Edufin Index 2022 “shows how financial and insurance education can be a lever to promote social equity and well-being re “. The Edufin Index analyzes two aspects on a scale from 1 to 100: on the one hand, the Awareness Index, i.e. how much Italians ‘know’ and how they evaluate themselves (which in this analysis reaches a level of 51 out of 100) , and on the other hand the behavioral index, that is, how they behave and what they ‘do’ when they decide on their finances (which reaches a level of 58 out of 100). The interviewees are aware of their knowledge gap, but they adopt careful behaviors: they show themselves interested and take action for their finances and to define how to allocate them. According to the observatory, Italians care about their finances and consider it important to invest and insure them. When they feel they do not have the right skills to do it independently, they prefer to turn to professionals in the sector, such as insurance consultants and banks. Approximately 80% declare, in fact, that they rely on professionals to obtain information and access the financial and insurance markets. From the observatory emerge some groups that are defined as “more fragile”: housewives (with a level of 48 out of 100), unemployed (with a level of 48 out of 100), students (with a level of 51 out of 100) and women (with a level of 52 out of 100). Young people under 25, albeit with low levels of knowledge and poorly structured behavior to access the financial and insurance markets, use websites and financial apps to get information and invest more than average in cryptocurrencies (16% vs 7%). ‘Observatory it emerges that Italians consider their finances an important issue and therefore invest and insure themselves, but not with a correct perception of risk: the level of’ perception of risk ‘is 47 out of 100 and indicates a subjective perception of distant risk In addition to the survey of the Italian population, for the first time in our country, the observatory investigates financial and insurance knowledge and literacy on a sample of ‘new Italians’ (Filipino, South American and Romanian citizens residing in Italy and interviewees in their mother tongue), which represent an increasingly important share of the population (8.7% according to Istat 2022 data). ura their level of knowledge related to these issues reached a level equal to 46 out of 100. The highest levels were recorded among those who have a good command of the Italian language (65 out of 100), a high income (73 out of 100 ), have lived in our country for many years and are well integrated into the community in which they live (59 out of 100).