P&C insurers better placed than life firms to weather economic storm
Property and casualty insurers are better positioned to withstand a slow growth environment compared to life insurers, which will be more impacted by the weak global economy given they are mainly "discretionary" purchases and the low interest rates, according to Moody's.
However, the rating agency said that on the other hand, P&C products "remain mandatory for buyers, and certain P&C risks are uncorrelated with economic conditions". It added that in many markets and
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