Market segment outlook : Italy non-life

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<title>Market segment outlook</title>
<subTitle>: Italy non-life</subTitle>
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<namePart>A.M. Best Company</namePart>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">New Jersey</placeTerm>
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<publisher>A.M. Best Company</publisher>
<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">In Italy, the COVID-19 pandemic has resulted in significant and immediate economic and financial consequences. Balance is the non-life insurance sector have been affected by the widening of the spread between Italian and German 10-year sovereign bonds, which reached 320 basis point (bps) on 18 March, 2020, before narrowing again after the European Central Bank (ECB) announced a EUR 750 billion bond-buying programme  (the pandemic Energency Purchase Programme). There has also been a widenning in corporate credit spreads and a substantial fall in the market value of Italian listed companies. AM Best notes that, while Italian insurers have a concentration in domestic exposure in their asset allocation, they are also exposed to volatile global financial markets.</abstract>
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<topic>COVID-19</topic>
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<topic>Coronavirus</topic>
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<topic>Pandemias</topic>
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<topic>Seguros no vida</topic>
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<topic>Mercado de seguros</topic>
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<topic>Perspectivas del seguro</topic>
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<topic>Productos de seguros</topic>
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<topic>Rentabilidad</topic>
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<topic>Bonos</topic>
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<geographic>Italia</geographic>
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<classification authority="">32</classification>
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<title>Best's Market Segment Report</title>
<partNumber>May 13, 2020</partNumber>
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