Financial Stability Report by the Bank of Italy No. 1 - April 2023

descrizione
The capitalization of the insurance sector declined, owing to interest rate dynamics, but is still high and close to the EU average. Profitability also decreased, while the liquidity position remains sound overall. In the life segment, however, customers' search for yields that protect the purchasing power of their savings kept premium income down and fuelled surrenders. Unrealized losses on the securities portfolio, which were mainly recorded by insurance companies operating in the life segment, decreased in the first three months of the year.
issue date
28 April 2023

Last update

28 April 2023