The Gruppo Assicurativo Poste Vita is an Italian
company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members ...
of
Poste Italiane
Poste Italiane (, , abbr. PT) is the Italy, Italian postal service provider.
Besides providing postal services, Poste Italiane offers communications, Postal savings system, postal savings products, logistics, and Financial services, financial a ...
, made up of Poste Vita and Poste Assicura, that works in the
insurance industry
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...
. Posta Vita also had a minority interests in
Europa Gestioni Immobiliari (45%), which the
parent company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
hold another 55%.
According to a research of
Ricerche e Studi (a
subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...
of
Mediobanca
Mediobanca S.p.A. is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli (at that time CEO of Banca Commerciale Italiana) and Enrico Cuccia to facilitate the post-World War II reconstruction of Italian industry. Cu ...
), Poste Vita was the 4th largest
insurances company in Italy by gross premiums, according to 2014 data. Other research by
PricewaterhouseCoopers
PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom.
It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...
, has shown the insurer was ranked 2nd by market share in
life insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...
(14.0%), but not in the top 5 of non-life insurance.
References
External links
*
Poste Italiane
Insurance companies of Italy
Government-owned companies of Italy
Partly privatized companies of Italy
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