Italy - Fitch changes its outlook on life market to negative
Friday, 03 17 2017, Category: Insurance and Reinsurance, Country: Europe
Fitch Ratings has changed its sector outlook for the Italian life insurance market to negative from stable, noting that wider spreads on Italian sovereign debt may weaken insurers' capitalisation and business retention.
Domestic government debt accounts for around half of the investments of Italian insurers. Its rating outlooks for most Italian life insurers remain stable, however.
Source: Intelligent Insurer