- PRA publishes Review of Solvency II: Quantitative Impact Study (QIS)
- ABI comments on the Taskforce on Innovation, Growth and Regulatory Reform report
- Insurance Europe and Invest Europe publish joint position paper that calls on the EC to make improvements to Solvency II
- Swiss Re Institute report says COVID-19 cut macroeconomic resilience by 18% in 2020, while global insurance protection gap reaches new high
- New Cybereason Ransomware Study reveals true cost to business
- European associations launch European Retirement Week
- ConTe.it extends transformation to Claims with latest Guidewire deployment expired
- RMS releases annual Northern Hemisphere Tropical Cyclone Outlook expired
- Willis Tower Watson announced project to support the climate adaptation and financial resilience of coastal communities in Fiji and Papua New Guinea PNG) expired
- Intact and Tryg to sell Codan to Alm. Brand A/S Group expired
- Invalda INVL to acquire Mandatum Life expired
- SDLT Compass launches to give fully indemnified counsel and tech-enabled accuracy to residential conveyancing expired
9th May 2021
S&P Global latest EMEA Insurance Monitor says the market will continue stabilizing In 2021
S&P Global Ratings said this week that the EMEA insurance market is normalising in 2021, following a volatile 2020.
"We expect economic recovery will improve insurance companies' toplines over 2021," said S&P Global Ratings credit analyst Mark Nicholson in the report "EMEA Insurance Monitor: May 2021".
That said, we note the differing pace of recovery among European regions, which is partly due to the varying success of vaccination and testing.
The recovery of the bond and equity markets helped restore much of the capital surplus that European insurers lost in 2020. Full-year 2020 results also showed limited asset impairments, and we expect this risk to reduce further in 2021.
Looking at the breakdown of the outlooks, 82% were stable, 12% negative, 4% positive and 2% were on CreditWatch. Although there remains a high proportion of stable outlooks, there has been a marginal decline, from 87% as of April 2020.
S&P Global Trends(541 articles)