Market segment outlook : Italy non-life insurance

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<title>Market segment outlook</title>
<subTitle>: Italy non-life insurance</subTitle>
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<namePart>A.M. Best Company</namePart>
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<placeTerm type="code" authority="marccountry">usa</placeTerm>
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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>2026</dateIssued>
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<abstract displayLabel="Summary">The report maintains a Stable outlook for Italy's non-life insurance segment in 2026. AM Best expects steady, albeit slower, top-line growth as repricing decelerates, especially in motor, with profitability supported by prior rate actions. A manageable additional fiscal burden arises from the 2026 Budget Law (DTA suspension, IRAP +2%, and a flat 12.5% premium tax for car-related covers), likely passed on to policyholders. Non-motor lines are gaining relevance, supported by mandatory catastrophe coverage for corporates effective March 31, 2026. The regulatory environment remains stable and aligned with the EU; Solvency II review by 2027 should provide capital relief and reduce volatility. The macro outlook shows modest GDP growth (0.5% in 20262027) and inflation above the ECB target, with risks from tariffs, euro strength, and global uncertainty.</abstract>
<tableOfContents>Top Line Growth Although Repricing Actions Expected to Decelerate -- Additional Fiscal Burden from the 2026 Budget Law Expected to be Manageable -- Non-Motor Lines of Business are Gaining Relevance -- Stable Regulatory Environment -- Economic Overview -- Guide to Best's Market Segment Outlooks</tableOfContents>
<note type="statement of responsibility">A.M. Best Company</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611880">
<topic>Perspectivas del seguro</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080573935">
<topic>Seguros no vida</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080581978">
<topic>Property-casualty</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611897">
<topic>Perspectivas económicas</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080637767">
<geographic>Italia</geographic>
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<classification authority="">219</classification>
<relatedItem type="series">
<titleInfo>
<title>Best's Market Segment Report</title>
<partNumber>May 11, 2026</partNumber>
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<recordCreationDate encoding="marc">260511</recordCreationDate>
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