2010 won’t be a very good year for U.S. P&C insurers, as evidenced by reports yesterday from Fitch Ratings. And, now, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), the umbrella body for European Union insurance regulators, reports European insurers are not exempt from a poor 2010.

The outlook for insurers is uncertain, as a prolonged period of rock-bottom rates weighs on investment returns, while a potential acceleration of the swine flu pandemic poses an additional threat, CEIOPS says. "The insurance industry as a whole faces several risks and challenges going forward, of which the most prevalent are financial risks," it says.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access