A.M.BestTV: Europe’s Largest Markets Showing Signs of Recovery

OLDWICK, N.J.--(BUSINESS WIRE)-- This final in a series of “First Monday” episodes for December highlights A.M. Best Senior Director, Analytics, Carlos Wong-Fupuy, A.M. Best Europe Rating Services Limited, addressing the subject of European insurers’ strategies to look overseas for growth due to saturated domestic and difficult economic markets. Click on http://www.ambest.com/v.asp?v=fmeurope1215 to view the entire program.

First Monday is A.M. Best’s monthly program featuring commentary by the company's leading analysts.

In a recent Best’s Special Report, titled, “European Insurance Markets Display Early Recovery Sign but Regulatory Issues Brew,” it was emphasized that the economic recovery has been somewhat uneven based on the sector and region. However, in 2014, signs of top-line growth were evident among Europe’s largest markets. To access a complimentary copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=243250.

“The difficult economic environment is definitely playing a role, but European companies have been expanding in emerging markets for a number of years,” said Wong-Fupuy. “Some of the reasons European companies are looking into emerging markets include: limited opportunities for growth and profitability, a high level of penetration in most markets and not much room for growth. Additionally, increased regulations in some particular lines of business, such as, life, make the emerging markets appealing.”

Wong-Fupuy also believes that looking at 2016 the main challenges to European insurers will be regulations and the continuing soft market.

Recent episodes of A.M.BestTV include:

• Growth Elusive in Asia-Pacific Reinsurance Markets: Reinsurance conditions in the Asia-Pacific region, including buying trends, barriers to growth and regulatory challenges are discussed by analysts from A.M. Best’s Singapore and Hong Kong offices: http://www.ambest.com/v.asp?v=fmasiapacific1215.

• Asbestos Claims Dropped 38% in 2014: A.M. Best Assistant Vice President Gerard Altonji, discusses how insurance industry losses from asbestos and environmental claims dropped sharply in 2014: http://www.ambest.com/v.asp?v=fmasbestos1215.
• Pricing Erosion Threatens U.S. Workers’ Compensation Line: A.M. Best Senior Financial Analysts Gordon McLean and Brian O’Larte, discuss how future underwriting results in the U.S. workers’ compensation segment could be hampered by rate softening:

  http://www.ambest.com/v.asp?v=fmworkcomp1215.

• Risk Takers: Many Paths to Starting an Insurance Company: Interviews from Best’s Review Senior Associate Editors, Kate Smith, Lori Chordas and Angelo Lewis, on the cover story of the December issue of Best’s Review, titled, “Risk Takers”: http://www.ambest.com/v.asp?v=risktakers1215.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151210006460/en/

A.M. Best
Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Publication and News Services
[email protected]

Source: A.M. Best

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