Italian Life Insurance Outlook Remains Cautiously Optimistic for 2022
This commentary discusses the Italian life insurance outlook for 2022.Key highlights include:
• The long term growth trend of unit-linked products at Italian life companies is likely to continue in 2022.
• The Italian life segment’s profitability should remain supported by the cautious management of margins on segregated accounts.
• Despite some asset repositioning that followed high market volatility in early 2020, investment portfolios will remain heavily exposed to Italian sovereign risk.
“Solvency levels should remain adequate, allowing Italian insurers to accommodate the potential impact of increasing sovereign spreads” said Tomasz Walkowicz, Vice President – Global FIG.
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