Financial Stability Report by the Bank of Italy No.2 - November 2020

descrizione

The average solvency ratio of Italian insurance companies fell below the levels observed at the end of 2019; nevertheless, it is still well above the minimum requirements. The benefits arising from the increase in portfolio securities prices and from the limitation of dividend distribution only partly offset the decrease in own funds generated by the drop in interest rates. The pandemic led to a reduction in profitability, especially in the life sector. The liquidity position of insurance companies remains stable.

issue date

20 November 2020