Total non-life income rose to 11.9 billion in the first quarter, marking +8.4% compared to
the end of the first quarter of 2023, when the sector recorded a growth of 11%, thereby supporting the sustainable growth of the sector, which promotes both the development of the non-automated sector (which recorded a positive change of 6.8%) and Auto Auto sector (+11.1%).
Here are the statistics published by ANIA.
In general, the income of national and non-European companies increased by 7.8% while representatives of European companies recorded almost 12%.
Automotive sector
RCA’s revenue in the first quarter rose by 9.7% to 3,493 million, while revenue in the Land Vehicle Hulls class supported the good performance of the sector and overall grew by 15.3%, to 1,248 million.
The increase in the TPL class derives both from the increase in the number of insured vehicles (about +2% compared to the same period of 2023) and from the growth in the average premium recorded.
IVASS (for contracts specified in the first quarter of 2024 the increase is + 7.2% per year).
Both the recovery and the registration of new vehicles recorded at the end of March 2024 (+6%) are possible
technical alignments of the theft guarantee rate and above all the coverage of natural materials and crystals, following the increasingly frequent disasters that affect Italy.
Other branches are damaged
Overall growth was 6.8% (against +13.8% at the end of March 2023), to 7,161 million.
All insurance classes represented in terms of income contributed to this increase: the emergency class, with an income of 1.1 billion, grew by 2.4%, the General TPL class, with an income of around 1.5 billion grew by and 2.8%; Other classes damaged property with growth of 5.6% received a premium volume of 1.0 billion, Fire class with 0.8 billion grew by 10.4% and, finally, Health class with a total of 1 .4 billion 12.3%.
Only those representation of companies with registered offices in European countries during the first quarter of 2024 approved income for 1.9 billion, an increase of 11.9% compared to what was recorded in the same period of 2023. Percentage weight of the premium of representatives of the house European projects supported. compared to the total is 16.3%.
Analysis by distribution channel
In the case of Italian and non-EU companies, the main type of intermediation is approved corporate channels (70.5%), a slight increase compared to what was recorded in the same period of 2023 (69.9%). THE a salesperson they represent the second distribution channel for non-living funds with a share of 10.9%. No bank branch, with a market share of 9.7%, continued to represent a growing distribution channel, especially in the Pecuniary Losses, Credit and Accident classes. There direct sales in general (including visual, telephone and internet sales) at the end of March 2024, it recorded a position of 8.5% (9.5% at the end of March 2023). Company
in the economy, ancillary intermediaries who work on behalf of companies and specific producers reached 5.1% (5.8% a year earlier), while the Internet channel reached 2.8% (3, 1% at the end of March 2023); share related to the income from it
Those who act online are 1.3% (1.4% at the end of March 2023).
In about representation of EU institutions the main distribution channels are agents and dealers with a share of 45.0% and 45.9% respectively. Banking is the third market channel with a share of 4.0% (1.4% in the auto sector and 4.9% in the remaining sectors). Overall, the share of direct sales is 3.7%.