Struggling Insurance Industry

Politics ♦ Published: April 23, 2014; 13:37 ♦ (Vindobona)

Despite favorable results last year the European insurance market has to face a number of adverse factors.

The insurance sector is still burdened with low interst rates. / Picture: ©

The development in 2013 was mostly positive for the insurance industry, as companies were not burdened by any bigger catastrophes or major volatility on the stock markets. There were only few insurance group reporting losses, among them British RSA and Italian Unipol. However, insurers still have to face a number of adverse factors.

Low economic growth, a weak current interest…