Moody's outlook on the German insurance sector remains negative
The outlook for the German insurance market remains negative due to the continued rate pressure in property & casualty lines, particularly in motor insurance, and the low interest-rate environment pressurising the profitability of life products with guarantees, according to Moody's Investors Service
"Despite the stabilisation of motor rates, underwriting profitability for P&C insurers remains weak," said Paul Oates, a Moody's vice president and senior analyst.
"Low investment yields exacerbate
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