Expense ratio of life insurance sector in Italy 2010-2023
The expense ratio of the life insurance sector in Italy remained stable between 2018 and 2021, before rising above four percent in 2022. From 2010 to 2023, the lowest expense ratio of the sector was registered in 2014, at 3.4 percent. However, in the following years, the value fluctuated and increased overall, reaching 4.3 percent in 2023. This figure implied that approximately four percent of the total assets of Italian insurance companies were spent on administrative and operational expenses during that year.
