Insurance industry in Italy - statistics & facts
Italy's insurance industry is a vital part of its economy, reflecting tradition and adaptability. Insurance and financial services have made up roughly nine percent of commercial service exports in Italy as of 2023. The Italian insurance market is one of the largest in Europe. It is home to major players, such as Gruppo Generali, Gruppo Assicurativo Poste Vita, and Gruppo Intesa Sanpaolo. The number of insurance companies in Italy has fallen over the past two decades due to mergers and acquisitions, with the number having remained below 200 in 2023. However, the industry has continued to offer stable employment, as in 2023 the sector counted just more than 46,000 employees working in the Italian insurance sector. This figure has remained consistent since 2007.
