LONDON, UK – FEBRUARY 2017 – Italy’s volatile financial and
political environment will pose challenges for the domestic insurance sector in 2017, principally due to the potential impact on investment portfolios, according to A.M. Best.
In a new Best’s Briefing, titled, “Political Instability and Financial Volatility Remain Key Headwinds for Italian Insurers”, A.M. Best states that political and financial market uncertainty has implications for the Italian insurance sector, principally due its exposure to the country’s government bonds.
The research states Italy faces substantial headwinds, as recently appointed prime minister, Paolo Gentiloni, embarks upon the daunting task of stabilising the country’s fragile banking sector as concerns continue regarding non-performing loans. The Italian economy is facing an environment of low growth and stagnant productivity, as well as increasing debt levels.
A full complimentary copy of this briefing is available via the following link:
A.M. Best Briefing: Italian Non-Life and Life Insurers