S&P research points to slow recovery for the insurance sector
However it also voiced disappointment over GI pricing and declining investment income
Standard and Poor's (S&P) equity research on the financial sector has revealed that while a prudent business model has helped general insurance cope with the recession, there is still concern over solvency issues returning.
In its overview of the insurance sector, S&P claimed that after underperforming in Q1 09, the sector recovered in Q2 when it outperformed. The recovery then continued in to Q3 and the sector ended the quarter close to its start-year level.
For non-life insurance, S&P said
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