The level of insurance coverage of Italian companies – that aims at ensuring financial stability and thus increasing the volume of business and economic activity – is lower than that of foreign market participants.
Every year, the Bank of Italy carries out a sample analysis of Italian companies – with at least 20 employees – operating in the industrial and non-financial services sectors.
These annual surveys show that out of some 75,000 companies, more than 90% have ‘traditional’ insurance cover against the risks of fire, theft, and damage to third parties.
Meanwhile, 70% of companies have taken out policies to cover damage caused by climatic and natural events.
More than 50% of companies have taken out insurance to cover goods in transit.
The percentage of companies that have decided to insure against cyber risks is much lower, at around 22%.