European Insurance: Unclear skies
The COVID-19 was a costly event for investors in the insurance industry.
The sector was among the most penalised sectors and many operators were encouraged by regulators to cut or, at least, delay their dividend payment.
This crisis will have asymmetric economic impacts on the balance sheet and P&L. The asset side is already reflecting the impact of the crisis while the impacts on the liability side should be manageable.
Business volumes would be affected by lower economic activity and confinement measures.
Nevertheless, despite these elements, the industry is offering some interesting opportunities.
AlphaValue’s lead analysts on Insurance companies, Bassem Neifer and dieter Hein, released their last strategy piece on the sector entitled “Unclear skies”.
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