European Insurers Navigating Changing Market
In response to a changing market, European insurers continue to adjust product offerings, adapt reinsurance purchasing and alter their distribution channel strategies, according to recent reports.
INN Breaking News, October 15, 2013
The economic environment has stabilized for European insurers, but uncertainty in the market will continue until European Union policymakers find a long-term solution to the Eurozone challenges, including high unemployment and stagnant economic growth, according to A.M. Best. And, in its report, “European Insurers Experience Improved Environment, but Challenges Remain,” the rating agency said non-life and life insurers in this market continue to respond by adjusting product offerings and adapting reinsurance purchasing in response to the low-yield environment as they increase their focus on risk management.
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