The world of Insurance is alongside institutions and businesses to relaunch the recovery of the country, shaken this year by the Covid emergency. This is the message that Ania launches from its Annual Assembly, carried out in streaming and “one of the first victims of this new modality as a result of yesterday’s Dpcm”, as the premier, Giuseppe Conte said, in his speech on video, giving deed to the association for having organized itself “in such a short time”. “The biggest challenge now begins with the contribution we can offer to the revitalization of our economy. We are a sector with a significant weight in the country and we can be a fundamental part of Italy’s recovery plan”, says the president of ANIA. Maria Bianca Farina. “We want to be alongside the institutions and all the productive and social forces to make our contribution through the cornerstones of our mission and lay solid foundations for the development of a sustainable economy”, he adds. A point shared by the president of Ivass, Daniele Franco, who underlines how the Italian insurance system “in its role as institutional investor can contribute to supporting the recovery”. And with this in mind, the President of the Council points out that “Europe has turned the page, with a clear change of paradigm”, so that “Europe’s trust can be repaid with mutual trust between us, with a new pact public-private “.
But the president of Ania also warns that “heavy loans, favors or discounts” should not be granted. Putting some data apart, it emerged that 2.6 million vehicles in Italy circulate without insurance coverage. “A phenomenon that must be actively opposed with the use of technology”, urges Farina. With regard to the impact of the lockdown on the sector, the president Ivass Franco pointed out that in the first half of 2020 the total premium income decreased by about 9 percentage points compared to the same period last year, from 70 to 64 billion, with the decline “mainly attributable to the life sector”, where deposits fell by 10%, from 53.1 to 47.5 billion. While motor liability insurance premiums fell “by more than 5% in the first eight months of the year and, to the same extent, the average premium per vehicle fell,” Farina said. But on this the consumer associations are attacking: Codacons asks that customers be reimbursed for the months of lockdown, while for the National Consumers Union (Unc) the premium “does not go down enough, considering the collapse of claims”. The Coronavirus emergency and the subsequent confinement drastically reduced the number of road accidents, so much so that “claims costs decreased by 9%, from 14.4 to 13.1 billion”, Franco indicated, with savings for insurance companies of over one billion. A sector in which Italy shows particular shortcomings is that of insurance coverage against natural disasters, said the Minister of Economic Development, Stefano Patuanelli in his speech.
“The risk for the Italian housing stock is enormous: 14.2 million homes are in areas with high or very high seismic risk, 7.4 million in medium risk areas, out of a total of 34.7 million homes with a value of about 5,400 billion euros “, explained the minister, but” in the face of these data, the policies for damage from natural disasters currently protect only 3% of homes “. Therefore, according to Patuanelli, it is necessary to work “from a cultural point of view”, conveying the message that “insurance is not a cost but an investment”.