How are insurers handling COVID-19?
Vincent Huck, editor of Insurance Asset Risk, looks at the technical challenges that the insurance market is facing in light of the COVID-19 pandemic.
What a difference a few weeks make! At the turn of the New Year insurance investors globally were looking at 2020 with trepidation. In the US talks of global downturn had disappeared, in emerging markets easing in geopolitical tensions combined with encouraging economic factors suggest a good year ahead. In Europe, it is true that the outlook wasn’t as rosy, but a sense of optimism prevailed.
In November, Swiss Re Group chief economist Jerome Jean Haegeli, said: “The macro picture is not rosy, but bad macro doesn't mean bad markets as long as inflation remains moderate.”