Eiopa warns that Covid-19 could be a ‘double hit’ for insurers
The European Insurance and Occupational Pensions Authority (Eiopa) said this week that risks were rising for the insurance industry amid the coronavirus pandemic. It warned of a ‘double hit’ to firms, which are facing pressure on their assets and liabilities at the same time.
Eiopa published an updated version of its risk dashboard on Monday evening.
Though the new assessment is based on data from the end of 2019, the EU insurance regulator said it had reflected “all available information in a forward looking perspective”.It found that risks were ...