Sunday, June 7, 2020

S&P does not plan to undertake far-reaching insurance classes because of Corona

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Standard and Poor’s

Bad ratings by the rating agency are feared.


(Photo: dpa)

Due to their capital strength, global insurance groups do not have to fear any far-reaching downgrades in the industry for the time being. Analysts from the rating agency S&P explained this in an online presentation on Monday. They expect only a few downgrades or changes in the outlook to occur in the coming weeks.

Life insurers are reported to be more at risk – especially those that have relatively thin capital buffers and are exposed to the volatility of financial markets through their asset portfolios or product offerings. The bottom line is that the financial market risk outweighs the insurance risk of companies.

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