AMSTERDAM–(BUSINESS WIRE)–AM Greatest has revised its outlook for the Italian non-life insurance coverage phase to destructive from secure.
The Italian non-life insurance coverage phase is returning to pre-pandemic ranges of profitability, following an atypically worthwhile interval formed by the COVID-19 emergence. AM Greatest expects the difficult financial surroundings to be a major headwind for Italian non-life insurers in 2022.
In a brand new Greatest’s Market Section Report, “Market Section Outlook: Italy Non-Life Insurance coverage”, AM Greatest explains that components such because the uncertainty concerning the event of the COVID-19 pandemic, rising inflation, the continued low rate of interest surroundings, geopolitical tensions and the general volatility in monetary markets proceed to place destructive strain on the phase.
Nonetheless, AM Greatest notes that the phase has demonstrated resilience over some years regardless of a difficult macroeconomic surroundings, owing to its stable working fundamentals. AM Greatest could revise the outlook again to secure, if insurers additionally navigate the challenges of 2022 efficiently.
To entry a complimentary copy of this market phase report, please go to http://www3.ambest.com/bestweek/purchase.asp?record_code=319269.
AM Greatest is a worldwide credit standing company, information writer and information analytics supplier specialising within the insurance coverage business. Headquartered in the USA, the corporate does enterprise in over 100 nations with regional places of work in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico Metropolis. For extra data, go to www.ambest.com.
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