Motor insurance penetration decreased steadily in Italy since 2004, mainly due to a decrease in the average price for this type of insurance. As data show, motor insurance density in Italy went from 1.46 percent in 2004 to 1.05 percent in 2020.
Insurance penetration is defined as insurance premiums as a percentage of GDP, and is deemed the standard measure to check the development of a country's insurance market.
Motor insurance premiums per inhabitant (insurance penetration) in Italy from 2004 to 2020
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Insurance Europe. (August 5, 2022). Motor insurance premiums per inhabitant (insurance penetration) in Italy from 2004 to 2020 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1105282/motor-insurance-penetration-italy/
Insurance Europe. "Motor insurance premiums per inhabitant (insurance penetration) in Italy from 2004 to 2020." Chart. August 5, 2022. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1105282/motor-insurance-penetration-italy/
Insurance Europe. (2022). Motor insurance premiums per inhabitant (insurance penetration) in Italy from 2004 to 2020. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1105282/motor-insurance-penetration-italy/
Insurance Europe. "Motor Insurance Premiums per Inhabitant (Insurance Penetration) in Italy from 2004 to 2020." Statista, Statista Inc., 5 Aug 2022, https://www.statista.com/statistics/1105282/motor-insurance-penetration-italy/
Insurance Europe, Motor insurance premiums per inhabitant (insurance penetration) in Italy from 2004 to 2020 Statista, https://www.statista.com/statistics/1105282/motor-insurance-penetration-italy/ (last visited October 30, 2024)
Motor insurance premiums per inhabitant (insurance penetration) in Italy from 2004 to 2020 [Graph], Insurance Europe, August 5, 2022. [Online]. Available: https://www.statista.com/statistics/1105282/motor-insurance-penetration-italy/
