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22 November 2019 "In Italy the risks for financial stability have slightly diminished in recent months, following the decline in sovereign risk premiums". This was revealed by the Bank of Italy in the Financial Stability Report, underlining however that "the deterioration of the macroeconomic situation and the high public debt continue to represent elements of strong vulnerability and expose the entire economy to the risks associated with a recurrence of tensions on the "markets.

More generally, "the worsening of the international economic situation and geopolitical tensions increase uncertainty and risks for financial stability", explains Bank of Italy.

"The solvency indicators and the profitability of Italian insurance companies have improved, following the reduction of the sovereign risk - the report continues - the alignment between the financial duration of the assets and that of the liabilities makes the Italian insurance budgets less exposed, compared to those of companies in other European countries, to the risks deriving from a prolonged period of very low interest rates, but an intensification of this scenario could make the offer of revaluable life insurance policies more expensive, with negative consequences on the profitability of insurance companies " .

"The weakness of the economic cycle negatively affects the profitability of companies, but the unfavorable effects on the ability to repay debts are mitigated by the low level of interest rates", the Bank of Italy writes, adding: "The household sector remains The fall in interest rates increases the value of the assets in the portfolio and reduces the debt service charges According to our models, the share of debt attributable to financially vulnerable businesses and families would increase only in the event of particularly macroeconomic events adverse. "