UK - Slow growth and Brexit threaten insurers
Thursday, 07 28 2016, Category: Insurance and Reinsurance, Country: United Kingdom
Moody’s has held its annual insurance summit, where a poll of respondents claimed that slow economic growth could impact insurers in the future.
The summit took place in London in June, with around 150 professional market participants taking part. They stated that an anemic economic environment will be the biggest impact on the insurance sector over the next five years, followed by the impact of regulation.
“Economic growth in Europe remains slow and fragile with a number of risk potentially raising market volatility, as it has been the case with the UK’s referendum vote to leave the EU”.
Source: Intelligent Insurer