Best’s Market Segment Report: Overall Profits Increased for Many European Non-Life Insurers Prior to COVID-19

LONDON--()--Prior to the onset of the COVID-19 pandemic and the financial market volatility and economic downturn that followed in its wake, the 30 largest non-life insurers domiciled in Europe once again reported gross written premiums, higher than the aggregated figure from the previous year, according to a new AM Best report.

In a new Best’s Market Segment Report, “European Insurers – The Moment Before the Moment”, it is also noted that overall profits increased for many of the insurers, with improved investment performance a common driver.

While AM Best's ranking of the 30 largest non-life insurers domiciled in Europe has shown a certain amount of movement year on year, the position of nearly two-thirds of them remained unchanged, and for the second year running, there were no new entries.

To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=304709.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Mathilde Jakobsen
Director, Analytics
+31 20 308 5427
mathilde.jakobsen@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Dr. Angela Yeo
Senior Director, Analytics
and Head of Operations

+31 20 308 5421
angela.yeo@ambest.com

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

Contacts

Mathilde Jakobsen
Director, Analytics
+31 20 308 5427
mathilde.jakobsen@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Dr. Angela Yeo
Senior Director, Analytics
and Head of Operations

+31 20 308 5421
angela.yeo@ambest.com

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com