Particle.news

Download on the App Store

Italy Unveils Pact to Bolster Resilience Through Insurance Reform

A new pact unveiled by Italy’s leading insurers alongside key political figures highlights mandatory disaster coverage; welfare integration; regulatory modernization; tax measures to bolster national resilience.

Image
Image

Overview

  • President Sergio Mattarella called for a unified national effort to enhance competitiveness and create quality jobs for young people in a message to ANIA’s annual assembly.
  • ANIA’s ‘pact for a protected Italy’ proposes mandatory business insurance against natural disasters, systemic pension reform, integrated health coverage and streamlined regulations.
  • The government endorsed the requirement for enterprises to insure against climate-related catastrophes and backed Economy Minister Giancarlo Giorgetti’s call to modernize supplementary pension laws last updated in 2005.
  • Despite 94% of Italian municipalities facing landslide or flood risks and 40% of buildings in seismic zones, only 7% of homes and businesses currently hold catastrophe insurance.
  • Italy’s insurance sector held €1 trillion in investments in 2024—including €245 billion in government debt—and contributed over €12 billion in annual tax revenues to public coffers.