Governance, Risk and Compliance - The Italian Insurance Industry

Governance, Risk and Compliance - The Italian Insurance Industry

Summary

GlobalData’s 'Governance, Risk and Compliance - The Italian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Italy.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

Key Highlights

- The IVASS regulates the Italian insurance industry.
- Non-admitted insurance is prohibited by law; however, insurers from EU and EEA Member States are permitted to operate in the Italian insurance industry without obtaining a license from the IVASS.
- 100% FDI is permitted in the Italian insurance industry.
- Composite insurance is not allowed in Italy; however, a life insurance can operate health and accident insurance.
- Solvency II was implemented across the EU effective from January 1, 2016.

The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Italy including -
- An overview of the insurance regulatory framework in Italy.
- The latest key changes, and changes expected in the country’s insurance regulatory framework.
- Key regulations and market practices related to different types of insurance product in the country.
- Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Italy.
- Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
- Details of the tax and legal systems in the country.

Scope

- The report covers details of the insurance regulatory framework in Italy.
- The report contains details of the rules and regulations governing insurance products and insurance entities.
- The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.
- The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
- The report provides details of taxation imposed on insurance products and insurance companies.

Reasons to buy

- Gain insights into the insurance regulatory framework in Italy.
- Track the latest regulatory changes, and expected changes impacting the Italian insurance industry.
- Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
- Understand key regulations and market practices pertaining to various types of insurance product.