Best’s market segment report: AM Best revises its outlook for the Italian non-life insurance segment to negative
AMSTERDAM–(BUSINESS WIRE)–AM Best revised its outlook for the Italian non-life insurance segment from stable to negative.
The Italian non-life insurance segment is returning to pre-pandemic profitability levels, after a period of atypical profitability shaped by the emergence of COVID-19. AM Best expects the difficult economic environment to be a significant headwind for Italian non-life insurers in 2022.
in a new Best Market Segment Report“Market Segment Outlook: Italy Non-Life Insurance”, AM Best explains that factors such as the uncertainty regarding the development of the COVID-19 pandemic, rising inflation, continued low interest rate environment Low interest, geopolitical tensions and overall volatility in financial markets continue to exert negative pressure on the segment.
Nevertheless, AM Best notes that the segment has shown resilience over several years despite a difficult macroeconomic environment, thanks to its solid operating fundamentals. AM Best could revise the outlook to stability, if insurers also meet the challenges of 2022 successfully.
To access a free copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=319269.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
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