The rating agency Standard & Poor’s (S&P) thinks that the insurance business is facing hardships that may compromise insurers’ short and mid-term rating. A pressure is therefore maintained on insurers.
In an effort to justify its position, S&P has invoked a combination of factors such as slow economic activity, low interest rates and increasing sovereign debt-related risks. Moreover, Solvency II deferral has emphasized the atmosphere of distrust expressed toward insurers.