InsuranceMortgagePropertiesBeyond Fate and Destiny: Embracing Insurance in Italian Culture

29 January 20240

Italians have always had a peculiar attitude toward insurance: they do not get insurance, except for those that are required by law.

Many Italians consider them unnecessary, expensive, and sometimes prefer to rely on fate and destiny. However, in a rapidly changing world, it is essential that Italians change their cultural attitude toward insurance, unlike other countries where the culture of insurance coverage has always been ingrained in every area of daily life.


An interesting relationship with insurance exists in the Italian cultural fabric that seems paradoxical. For generations, Italians have faced life’s uncertainties by relying on fate and destiny rather than insurance policies. This is in contrast to other countries where insurance is deeply embedded in the social framework. However, there is growing evidence that Italy needs a shift to embrace and understand the importance of insurance, especially considering the country’s vulnerability to disasters.

Historical context and current attitude

Throughout history, Italians have approached insurance with skepticism and minimalism, often considering it only for insurance purposes. This attitude is deeply influenced by historical factors. Italians have preferred to invest in assets such as real estate, considering them a more reliable guarantee for their future.

However, this approach fails to recognize the nature of life events, such as those related to health, property, and the environment. Italy’s picturesque landscapes are also subject to earthquakes, floods and other natural disasters. In light of this reality, it could be argued that Italy needs insurance coverage more than other nations.

Recognizing the need for a change in mindset, it is imperative to change the perception of insurance in Italy. This change goes beyond risk minimization, but aims to cultivate a more resilient and prepared society. The recent COVID 19 pandemic, for example, highlighted the vulnerabilities and unforeseen obstacles that individuals and businesses may face. It highlighted the role of insurance in providing a safety net in times of crisis.

To bring about this change, education and awareness are crucial factors. It is critical to undertake efforts to educate the public about the types of insurance available and the benefits associated with them. Simplifying insurance terms and policies into understandable language will help demystify insurance and make it more accessible to ordinary Italians.

Both the government and the insurance industry have a role to play in facilitating this effort. Implementing policies that encourage and incentivize insurance coverage in high-risk areas can have an impact. In addition, the industry itself must focus on innovation, offering customized and affordable insurance solutions that address the needs and concerns of Italians.

Addressing ingrained superstitions and misconceptions is part of this cultural shift. Overcoming dependence on superstition or fate requires dialogue and evidence-based information to help individuals make informed decisions about their financial security.

This perspective, although deeply ingrained, can be gradually transformed through consistent information campaigns that highlight the benefits of insurance. Real-life illustrations and case studies showing how insurance has provided assistance in times of need can serve as tools to reform views.

The role of digital platforms

In today’s era, online platforms and social media can be used to spread awareness and educate the public about insurance. These platforms provide opportunities to reach a younger generation audience and engage them in conversations about the importance of insurance.


The path to changing the perception of insurance in Italy is undeniably challenging. It requires effort from all sectors. Government, industry, and education. By improving awareness, debunking misconceptions and offering affordable solutions, Italy can gradually adopt a culture in which insurance is seen not as an expense, but as an essential element in planning for the future.

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