The Italian Institute for Insurance Supervision (IVASS) published a statistical bulletin on general civil liability insurance, including a detailed analysis of healthcare liability, setting out key 2023 indicators on premiums, concentration and claims experience. For general liability, IVASS-supervised insurers wrote EUR 4,018m of premiums (10.6% of total non-life premiums), up 7.1% year on year, with 67.1% of premiums concentrated in the top ten undertakings (47.5% in the top five). Average claim cost increased to EUR 7,065 (+4.1% versus 2022) and the pure premium rose to EUR 89 (+5.5%); the technical account result net of reinsurance reached EUR 1,133m (+17%), mainly reflecting investment gains at their highest level since 2018. In healthcare liability, total premiums in Italy were EUR 706m (+7.4%), with EUR 566m written by IVASS-supervised undertakings (14.1% of general liability premiums), and the market remained highly concentrated (top ten 94.1%, top five 80.7%); the bulletin also highlights extensive self-retention by public healthcare facilities and reports average claim costs of EUR 52,000 to EUR 64,000 for claim cohorts more than three years old.
Italian Institute for Insurance Supervision (IVASS) 2025-03-06
Italian Institute for Insurance Supervision publishes 2023 statistical bulletin on general and healthcare civil liability risks
The Italian Institute for Insurance Supervision (IVASS) released a bulletin on civil liability insurance, noting a 7.1% rise in premiums to EUR 4,018m, with significant market concentration among top insurers. The average claim cost increased by 4.1% to EUR 7,065, while the technical account result net of reinsurance rose by 17% to EUR 1,133m. In healthcare liability, premiums grew by 7.4% to EUR 706m, with high market concentration and average claim costs ranging from EUR 52,000 to EUR 64,000 for older claims.