Leading insurance groups in Italy 2019, by net assets

In 2019, Assicurazioni Generali was Italy’s biggest insurance group with nearly 30 billion euros of net assets. Today the insurance provider from Trieste operates primarily in Europe, Middle East and East Asia, and boasts large market shares in several countries. Generali is also the leading insurance provider in terms of number of employees. In fact, according to a similar ranking published in 2018, Generali employed over 70 thousand individuals.

Assicurazioni Generali

As mentioned in the previous paragraph, Generali is the largest insurance group in Italy and among the largest worldwide. Founded in 1821 in Trieste, the insurance provider has expanded to become globally known in the insurance sector. In 2019, Generali reported gross written premiums totaling nearly 70 billion euros and appeared in a ranking of the leading ten insurance companies worldwide in terms of revenue.

Insurance market in Italy

Despite periodical fluctuations due to the financial crisis of 2008, the insurance sector in Italy has grown overall in the past years. In 2018, gross written premiums in the country recorded the highest value since 2004, exceeding 135 billion euros. The life insurance sector is far more important in Italy than the non-life insurance sector. In fact, in 2017, gross written premiums in the life sector were more than three times as high as those of the non-life sector.