Moody’s [4] expects a negative outlook for the European insurance market in 2021.
According to the rating agency [5], the financial performance of life and non-life insurers in 2021 will be strongly impacted by the economic losses caused by the coronavirus pandemic.
The global economy's downturn and the persistence of an extremely low interest rate environment will also work against the sector.
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[3] https://www.atlas-mag.net/en/issue/lessons-from-covid-19
[4] https://www.atlas-mag.net/en/article/moody-s-rating-scale
[5] https://www.atlas-mag.net/en/article/rating-agencies