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Ania: Life policies and motor liability insurance are down

Premiums fell by 2016% in 3,8 – Overall premium income from insurance companies fell by 8,8%

Ania: Life policies and motor liability insurance are down

in 2016 the overall collection of premiums by insurance companies and of the representations for Italy of non-European companies exceeded 134 billion, with a drop of 8,8% compared to 2015. This was announced by theAnia, specifying that the incidence of total premiums (Life and Non-Life) on GDP decreased from 8,9% to 8,0%.

In detail, last year the collection of prizes in the branches Danni of domestic and non-European companies fell by 1,0%, to 32,0 billion, as a result of a decrease in the sector motor liability, whose premiums recorded a decrease of 3,8%, and an increase in the other non-life classes, whose premiums grew by 2,0%.

The collection of prizes in the branches Life it amounted to 102 billion, a decrease of 11% compared to 2015. This is, Ania underlines, the first contraction in premiums after three years of continuous growth: +22% in 2013, +30% in 2014 and +4 % in 2015.

In 2016, the representations of European companies operating in Italy under the permanent establishment registered a more contained negative change in the premiums written compared to the national companies (-2,4% compared to -8,8%).

The decrease involved both the Life sector (-3,9%) and the Non-Life sector (-0,8%). With a premium volume (for the sample of companies surveyed) of 8,8 billion, the representations of European companies account for approximately 6% of total premium income. It is estimated that this incidence would be close to 7% if the awards had been received from all the European representations.

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