The economic environment has stabilized for European insurers, but uncertainty in the market will continue until European Union policymakers find a long-term solution to the Eurozone challenges, including high unemployment and stagnant economic growth, according to A.M. Best. And, in its report, “European Insurers Experience Improved Environment, but Challenges Remain,” the rating agency said non-life and life insurers in this market continue to respond by adjusting product offerings and adapting reinsurance purchasing in response to the low-yield environment as they increase their focus on risk management.

In the past year, insurers have taken significant steps to improve their capital positions, including the de-risking of investment portfolios, re-engineering of products and refining of asset-liability matching strategies, according to A.M. Best’s report. The report also notes that many of the large European insurance groups are reviewing their overall reinsurance purchasing.

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