EUROPEAN INSURANCE


15/05/20 -"Unclear skies"

Pages
20
Language
English
Published on
15/05/20

EXECUTIVE SUMMARY

The COVID-19 was a costly event for investors in the insurance industry. The sector was among the most penalised sectors and many operators were encouraged by regulators to cut or, at least, delay their dividend payment. This crisis will have asymmetric economic impacts on the balance sheet and P&L. The asset side is already reflecting the impact of the crisis while the impacts on the liability side should be manageable. Business volumes would be affected by lower economic activity and confinement measures. Nevertheless, despite these elements, the industry is offering some interesting opportunities.

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO