S&P Capital IQ has positive outlook on European insurance sector
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S&P Capital IQ has positive outlook on European insurance sector 05 November 2013London Reporter: Daniel Jackson
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Rising equity markets and long rates are set to support growth within the European insurance sector over the coming months, according to S&P Capital IQ.
Its report shows that rising equity markets are a positive for the sector on several fronts, including shareholders’ funds, participating funds and higher fees received from assets under management.
Roderick Wallace, equity analyst at S&P Capital IQ, said: “We are becoming more positive on European insurance markets, where we have seen signs of recovery, following weakness in Europe—France, Spain and Italy in particular.”
S&P Capital IQ observes signs of recovery in life insurance markets, initially in the US and now increasingly in Europe.
Following a slow expansion of economic activity during the remainder of 2013, growth generally is set to become more robust in 2014 and 2015, according to European Commission projections.
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