Number of motor insurance companies in Italy 2012-2021, by business line
The number of motor insurance companies in Italy decreased in recent years, especially in the land vehicle segment. In 2021, there were 44 insurers offering land vehicle insurance, down from 65 in 2012. The motor insurance segment in Italy is divided into two categories: motor liability (in Italian responsabilita' civile auto), and land vehicle (in Italian corpi veicoli terrestri). Motor liability insurance provides protection for damages caused while driving in case of accidents and covers injuries or damages to third parties and their property. On the other hand, land vehicle insurance is not mandatory and provides a coverage in case of theft, fire, and damage to own vehicle.