Italian B2B2C insurance market to reach $150.68 billion by 2026, a growth rate of 8.8% - Allied Market Research. | Blog

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Italian B2B2C insurance market to reach $150.68 billion by 2026, a growth rate of 8.8% - Allied Market Research.

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01, 2023 (GLOBE NEWSWIRE) - Allied Market Research has published a report titled "Italy's B2B2C Insurance Market by Program (Financial Planning, financial education) and Italy B2B2C Insurance Market by insurance type (life and accident insurance), application (individuals and corporations/groups) and industry vertical (tourism, automotive, utilities, retail, healthcare and others): Opportunity Analysis and Industry Forecast from 2022 to 2026."

According to the report, the Italian B2B2C insurance industry generated $86.56 billion in 2017 and is expected to grow to $150.68 billion by 2026, at a CAGR''growth of 8.8% from 2022 to 2026.

B2B2C insurance refers to the direct sale of insurance products to customers, as well as the sale of life and accident insurance products and services through non-insurance intermediaries such as agents, independent financial advisors and brokers.

Banks and auto dealers, two examples of traditional B2B2C insurance providers, are moving to digital platforms to diversify revenue streams.

The growth of the B2B2C insurance industry in Italy is supported by the growth of retail, travel and digital finance.

These factors are significantly contributing to the growth of the Italian B2B2C insurance market.