S&P Capital IQ has positive outlook on European insurance sector
05 November 2013 London
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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.
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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