Business · Economy · 15 hrs ago
Italian insurers criticize proposed tax measures in budget
Italy’s insurers have criticized new tax measures in the government’s budget during a hearing in parliament.
Andrea Bertalot, head of the insurers’ association Ania, said the measures were not discussed with the industry in advance.
They come only 12 months after an agreement described as lasting three years.
The budget includes a temporary three-percentage-point increase in the corporate tax rate for insurers and banks in 2027 and 2028.
Ania says repeated, unexpected taxes on insurers could weaken their ability to attract investment and damage confidence in Italy’s rules.
The association wants talks with the government to find other ways to cover the same budget costs with less impact on insurers.
It also proposed changes involving pension savings for children and insurance against natural disasters.
Italy’s insurance industry criticized new tax measures in the government’s budget during a parliamentary hearing on November 9.
ANIA Director General Andrea Bertalot said the measures had not been agreed in advance with the sector.
He said the measures came only 12 months after an agreement presented as covering three years.
The budget includes a temporary 3% increase in the IRES rate for insurance companies and credit institutions in 2027 and 2028.
ANIA called for talks with the government and proposed replacing the measures with alternatives it said would be less discriminatory and more predictable.
- Who
- Italy’s insurance industry, represented by ANIA Director General Andrea Bertalot.
- What
- The industry criticized new tax measures in the government’s budget and called for talks on alternative funding measures.
- When
- November 9, 2026.
- Where
- At a hearing before the budget committees of Italy’s Chamber of Deputies and Senate.
- Why
- ANIA said the measures were not agreed in advance, came only 12 months after an agreement presented as triennial, and could harm competition and the sector’s ability to attract investment.
This story does not have two clearly opposing sides.
The earlier agreement with the insurance sector had been presented as triennial.
ANIA Director General Andrea Bertalot criticized the new measures at a hearing before the parliamentary budget committees.
- Hearing date
- November 9, 2026
- Representative
- Andrea Bertalot, ANIA director general
- Tax measure
- Temporary 3% increase in the IRES rate
- Years covered
- 2027 and 2028
- Affected sectors
- Insurance companies and credit institutions
2 sources
What people are saying
the insurance sector cannot be considered every year as a tax reservoir to draw on according to short-term needs
the new, additional measures requested from the insurance sector in the budget were not agreed in advance with the sector and come just twelve months after an agreement that had been presented as triennial
the predictability of tax rules is an essential component of a country’s credibility