At the end of 2019, there were over 1.2 thousand companies operating on the Italian insurance market (domestic companies, branches of EU/EEA companies established in the country and companies operating in the country through Freedom of Service), 101 of which were domestic companies. In that same year, the sector counted approximately 46.6 thousand employees working in the domestic market.
The life insurance market in Italy is dominated by Poste Vita, a company that registered a market share of 17.5 percent in terms of gross written premiums in 2017. On the other hand, when looking at the leading companies in the non-life insurance segment, competition was fiercer: Unipol Sai lead the market with a market share of approximately 19 percent, followed by Generali Italia with 13.5 percent and Allianz with a market share of about 10 percent.
Number of companies operating on the insurance market in Italy from 2011 to 2019
Domestic market: the reported numbers for Domestic companies with the head office in the country and Branches of non-EU/EEA companies operating on the market.
Total market: the reported numbers for Domestic market, Branches of EU/EEA companies established in the country & Companies operating in the country through FOS.
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Insurance Europe. (August 5, 2021). Number of companies operating on the insurance market in Italy from 2011 to 2019 [Graph]. In Statista. Retrieved May 16, 2022, from https://www.statista.com/statistics/421986/number-of-companies-operating-italy-insurance-market/
Insurance Europe. "Number of companies operating on the insurance market in Italy from 2011 to 2019." Chart. August 5, 2021. Statista. Accessed May 16, 2022. https://www.statista.com/statistics/421986/number-of-companies-operating-italy-insurance-market/
Insurance Europe. (2021). Number of companies operating on the insurance market in Italy from 2011 to 2019. Statista. Statista Inc.. Accessed: May 16, 2022. https://www.statista.com/statistics/421986/number-of-companies-operating-italy-insurance-market/
Insurance Europe. "Number of Companies Operating on The Insurance Market in Italy from 2011 to 2019." Statista, Statista Inc., 5 Aug 2021, https://www.statista.com/statistics/421986/number-of-companies-operating-italy-insurance-market/
Insurance Europe, Number of companies operating on the insurance market in Italy from 2011 to 2019 Statista, https://www.statista.com/statistics/421986/number-of-companies-operating-italy-insurance-market/ (last visited May 16, 2022)