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Italian Insurers Offer 'Patto per un'Italia protetta' After Strong 2025 Results

The plan would direct insurers' robust balance sheets into long-term infrastructure and wider catastrophe cover through regulatory relief, state-backed reinsurance, and domestic investment vehicles.

Overview

  • At ANIA's annual assembly in Rome on Thursday, the industry reported 2025 premium income of €182 billion, a 7.8% rise, and said it paid €42 billion in claims last year.
  • Industry data showed insurers hold over €1,000 billion in investments with a sector average Solvency Ratio of 274%, which ANIA says makes them Italy's largest private institutional investor.
  • Economy Minister Giancarlo Giorgetti welcomed closer public–private cooperation, highlighted improved insurer profitability and lower sovereign spreads, and signalled government support for SACE reinsurance and domestic capital vehicles.
  • Both ANIA and the MEF expect a Solvency II revision to free about €5 billion of capital between January and June 2027 that they hope will be steered into long-term projects such as infrastructure and regulated utilities.
  • ANIA's 'Patto' presses for higher catastrophe insurance uptake, a youth pension entry bonus, greater health intermediation, and a warning against retroactive taxes that it says would erode pension savings and investment capacity.