Bank of Italy – Analysis of the Insurance Coverage of Italian companies

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%.