Italian insurers collect €182bn in premiums in 2025, but catastrophe coverage remains at 7% for homes

Premiums hit 182 billion euros

The Italian insurance sector collected 182 billion euros in premiums in 2025, a 7.8% increase. The Non-Life segment grew 6.5%, while Life business expanded more than 8%. Total payouts reached 42 billion euros, including 27 billion for over 18 million damaged clients and 15 billion for life-risk policies.

We are a lever that generates huge investments in strategic areas for the country and a formidable protection shield.

The sector holds more than 1,000 billion euros in active investments, roughly a quarter of them in Italian sovereign debt. ANIA president Giovanni Liverani said the industry’s average Solvency Ratio is 274%, placing it among the strongest in Europe, and it contributes about 14 billion euros in direct and indirect taxes while employing around 300,000 people.

Catastrophe coverage remains critically low

Despite the sector’s size, catastrophe insurance penetration is minimal. Only 7% of private homes and 15% of businesses are covered against natural disasters. Liverani called for mandatory coverage for residences that have benefited from generous public tax incentives in recent years.

Economy Minister Giancarlo Giorgetti said the government will support the reinsurance system through Sace and stressed the need to spread protection culture among households.

Tension over sovereign bond holdings

The Ministry of Economy pressed insurance companies to buy more Italian government bonds, noting that their holdings of BTPs fell further in 2025 even as the country’s sovereign risk improved.

In the face of lower country risk, your companies’ investments in Italian government bonds declined further in 2025, both in percentage and in absolute terms.

ANIA responded by pointing out that the sector still holds 235 billion euros in Italian sovereign debt, roughly 22% of total investments, and warned that new retroactive taxes or extraordinary levies would weaken its ability to finance the state.

Government and ANIA outline next steps

Liverani renewed his call for a “Pact for a Protected Italy,” urging policymakers to use insurers as a strategic instrument for industrial transitions, infrastructure and growth. He also asked for rewards for virtuous drivers and measures to combat fraud and evasion in motor insurance.

Foreign Minister Antonio Tajani proposed drawing on 2,000 billion euros of dormant private savings for major national projects. Business Minister Adolfo Urso announced the full operation of an insurance arbitrator, completing the out-of-court dispute resolution system. President Sergio Mattarella described the sector as an element of guarantee for families and a precious element of stability, while Prime Minister Giorgia Meloni called it an ally for families and businesses and stressed dialogue.